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The Nevada Gaming Control Board and MGM Resorts enters Stipulation for Settlement 1v3s3p18 April 2025(PRESS RELEASE) -- The Nevada Gaming Control Board has entered into a proposed Stipulation for Settlement with MGM Resorts International, MGM Grand Hotel & Casino Las Vegas, and The Cosmopolitan of Las Vegas regarding a complaint for disciplinary action filed contemporaneously with the Stipulation by the NGCB on 17 April 2025. The Complaint alleges unsuitable methods of operation arising from the activities of illegal bookmaker, Wayne Nix, which were described in non-prosecution agreements between the U.S. Attorney’s Office for the Central District of California and MGM Grand and The Cosmopolitan. Additionally, the Complaint details the activities of another illegal bookmaker, Mathew Bowyer, which were discovered by the NGCB during the course of its investigation. The Complaint’s allegations center on the actions and failures of MGMRI’s employees in relation to Mr. Nix and Mr. Bowyer, as well as deficiencies within MGMRI’s anti-money laundering (AML) program. The NGCB’s extensive and lengthy investigative process included cooperation from MGMRI executives and employees. The Stipulation includes a fine of $8,500,000 payable to Nevada’s General Fund, and dictates specific conditions be placed on MGMRI and on the properties’ gaming licenses. The proposed settlement also details numerous remedial measures implemented at MGMRI and its subsidiary gaming properties. The majority of the conditions and remediations focus on enhancements to MGMRI’s AML program, as well as additional training and employee awareness of AML requirements. The Nevada Gaming Commission is scheduled to consider approval of the Stipulation at its monthly meeting on 24 April 2025, in Las Vegas. At that time, counsel for MGMRI and the Nevada Attorney General’s Office will explain the of the proposed Stipulation and request NGC approval of the negotiated settlement. < Gaming News 3uy69 |