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NGC approves $7.2m Venetian settlement over bookmaker-linked activities
By SectorWire desk ·
Summary
Nevada's NGC approved a settlement requiring The Venetian's current owners to pay $7.2m. The agreement also requires improvements to anti-money-laundering procedures following illegal activities connected to convicted bookmaker Mathew Bowyer.
Why it matters
The Venetian’s current owners must pay $7.2m and improve anti-money-laundering procedures under the approved settlement.