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Nevada Gaming Commission accepts MGM’s $8.5m fine over illegal bookmaker wagers

Enforcement & compliance

The Nevada Gaming Commission accepted a settlement with MGM Resorts International on 24 April 2025, imposing an $8.5m fine over wagers accepted from illegal bookmakers. The cases involved more than $4m at MGM Grand and nearly $1m at The Cosmopolitan of Las Vegas, where the alleged conduct occurred in 2021; MGM did not operate The Cosmopolitan at the time.

The settlement puts a stated financial penalty on MGM over bookmaker wagers and highlights compliance exposure for casino operators.

Related company prices

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 Nevada Gaming Commission

DateCompanyAmountStoryAppeal status
MGM ResortsUSD 8,500,000Nevada board proposes MGM settlement with $8.5 million AML fineNot 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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