Las Vegas' Resorts World Face Potential Second-Largest Anti-Money Laundering Penalty in Local History
Resorts World Las Vegas faces a $10.5 million fine from Nevada gaming authorities due to providing gambling services to individuals with criminal ties. The penalty, yet to be approved by the Nevada Gaming Commission, is a consequence of the casino's inadequate anti-money laundering safeguards and oversight, allowing criminal elements to circumvent financial reporting regulations.
Investigations uncovered that former casino executives permitted these activities, resulting in millions of dollars moving through the casino without proper scrutiny. This violation contravened both state gaming laws and the casino's internal compliance policies.
The settlement of $10.5 million was accepted by Resorts World Las Vegas in March 2025, receiving approval from the Nevada Gaming Commission. As a result, the company has resolved the fine and addressed the compliance issues with regulators.
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- Despite the $10.5 million fine imposed on Resorts World Las Vegas for violating anti-money laundering safeguards, the casino in Las Vegas continues to offer a variety of gambling experiences, including poker, sports betting, slot machines, and more, as part of the broader casino-and-gambling industry.
- The fine, approved by the Nevada Gaming Commission in March 2025, was a consequence of the casino's previous oversight failures, allowing criminal elements to bypass financial reporting regulations in activities such as poker and sports betting.
- Resorts World Las Vegas, once embroiled in a scandal involving criminal ties and money laundering, has since resolved the issue and reassured regulators of their commitment to maintaining strict compliance, ensuring a safe and fair environment for all forms of gambling, such as slot machines, sports betting, and poker, within their facility in Las Vegas.
