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Nevada board proposes MGM settlement with $8.5 million AML fine

Enforcement & compliance

The Nevada Gaming Control Board filed a 10-count complaint and stipulated settlement against MGM Resorts International on 17 April over alleged anti-money laundering violations at MGM Grand and the Cosmopolitan in Las Vegas. The proposed settlement includes an $8.5 million fine, but the Nevada Gaming Commission is due to make a final ruling on 24 April; the board said it would impose licence conditions and remedial measures.

The commission’s decision will determine whether MGM faces the proposed fine and licence conditions at two Las Vegas casinos.

End-of-day close MGM Resorts (MGM), USD, to 2 June 2025
Story date4 March 20252 June 2025

Latest reported results

MGM Resorts NYSE: MGM

Quarter ended 30 September 2026

Revenue
USD 4.21bn10-Q filing 0000789570-26-000107
Operating income
USD 118.7m10-Q filing 0000789570-26-000107

Earlier fines and penalties by NGCB and Nevada Gaming Commission

DateCompanyAmountStoryAppeal status
Robinhood, KalshiNot statedNew Jersey DGE orders Robinhood and Kalshi to stop NCAA event contractsNot stated
Resorts World Las Vegas, Genting BerhadUSD 10,500,000Nevada Gaming Commission approves $10.5m Resorts World settlementNot stated
KalshiNot statedNevada gaming board orders Kalshi to stop offering event contracts by 14 MarchNot stated
KalshiNot statedNevada Gaming Control Board orders Kalshi to halt state operationsNot stated
Resorts WorldUSD 500,000Nevada Gaming Commission rejects five-year registration settlement for Nicole BowyerNot stated

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Enforcement & compliance

Nevada Gaming Control Board agrees $10.5m settlement with Resorts World Las Vegas

The Nevada Gaming Control Board agreed to a settlement with Resorts World Las Vegas that includes a $10.5m fine, according to a media report. The Nevada Gaming Commission was due to make the final disposition the following Thursday, and payment would be due within two days of its action. The agreement also requires changes and continuing reporting related to the casino's anti-money-laundering programme; Resorts World said it recognised the need for compliance enhancements.

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