Wynn Las Vegas agreed to a $5.5 million penalty in a six-count Nevada Gaming Control Board complaint over anti-money laundering violations linked to unlicensed money transfers. The Nevada Gaming Commission is due to make a final ruling on 22 May; Wynn said the conduct involved former employees and that it accepted responsibility.
The proposed penalty remains subject to the Nevada Gaming Commission’s final ruling.
| Date | Company | Amount | Story | Appeal status |
|---|---|---|---|---|
| MGM | USD 8,500,000 | Nevada Gaming Commission accepts MGM’s $8.5m fine over illegal bookmaker wagers | Not stated | |
| MGM Resorts | USD 8,500,000 | MGM Resorts agrees to $8.5m settlement over Nevada AML complaint | Not stated | |
| Robinhood, Kalshi | Not stated | New Jersey DGE orders Robinhood and Kalshi to stop NCAA event contracts | Not stated | |
| Resorts World Las Vegas, Genting Berhad | USD 10,500,000 | Nevada Gaming Commission approves $10.5m Resorts World settlement | Not stated | |
| Kalshi | Not stated | Nevada gaming board orders Kalshi to stop offering event contracts by 14 March | Not stated |
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It was reported that NGCB reached an agreement requiring Kalshi to introduce multi-source geofencing in Nevada. Kalshi faces a $120,000 daily penalty if it fails to geofence the state.
The operators of The Venetian Resort Las Vegas agreed to a proposed $7.2m settlement with Nevada gaming regulators over alleged anti-money laundering failures involving Mathew Bowyer, the report said. The agreement requires Nevada Gaming Commission approval at its August meeting. The complaint concerns activity from 2019 to 2021, before Apollo Global Management acquired the property’s operations in 2022.
MGM Resorts International agreed to an $8.5 million settlement with the Nevada Gaming Control Board over a disciplinary complaint alleging unsuitable operating methods linked to two illegal bookmakers. The proposed terms include anti-money laundering measures and staff training; the Nevada Gaming Commission is scheduled to consider the agreement on 24 April.
Nevada casino compliance officers discussed new anti-money-laundering rules approved by the Nevada Gaming Control Board and Nevada Gaming Commission in April. The rules require Board review of casino AML oversight personnel and player-development employees, and operators must report certain employee separations; a ban on business-entity funding of patron deposits and casino credit takes effect in late October. MGM Resorts’ Stephen Martino said the funding restriction could affect gaming revenue.
Nevada Gaming Control Board member George Assad called for additional anti-money-laundering oversight at the Board's monthly meeting, according to the report. He proposed adding elements of Regulation 6A to state rules, including access to information on suspicious transactions involving high-value and foreign customers, and suggested a whistle-blower reward of 1%.