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Federal prosecutors seek sentence for Matt Bowyer over illegal gambling crimes

Enforcement & compliance

Matt Bowyer is expected to be sentenced in August after pleading guilty to operating an illegal gambling enterprise, money laundering and tax evasion. His lawyers sought to bring the sentencing forward, while his attorney said he could have received a shorter term through earlier cooperation; the court date was not specified.

The case concerns criminal liability linked to illegal gambling and money laundering involving casino premises.

End-of-day close MGM Resorts (MGM), USD, to 4 September 2025
Story date6 June 20254 September 2025

Earlier fines and penalties by NGCB

DateCompanyAmountStoryAppeal status
Not namedUSD 100,000Nevada Gaming Control Board fines Ricardo Castillo $100,000 and bars him for 15 yearsNot stated
Wynn Las VegasUSD 5,500,000Wynn Las Vegas accepts $5.5m penalty over anti-money-laundering failuresNot stated
Wynn ResortsUSD 5,500,000Nevada Gaming Control Board proposes $5.5m Wynn penaltyNot stated
MGM ResortsUSD 8,500,000MGM Resorts agrees to $8.5m settlement over Nevada AML complaintNot stated
Robinhood, KalshiNot statedNew Jersey DGE orders Robinhood and Kalshi to stop NCAA event contractsNot stated

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