【poker stake crossword clue】Resorts World to pay $10.5m to settle money laundering charges

The poker stake crossword cluefine, amounting to the second largest ever issued in Nevada gaming history, puts to bed a slew of alleged violations relating to the casino operator turning a blind eye to illegal bookmakers operating on its Las Vegas premises.

It follows former Resorts World president Scott Sibella, who was in charge when much of the alleged wrongdoing was taking place, getting fired from the casino last year.

Through a communications agency, a casino spokesperson told NEXT.io: “Resorts World Las Vegas has reached a pending settlement with the Nevada Gaming Control Board (NGCB). We look forward to the Nevada Gaming Commission considering the settlement and ultimately resolving this matter.”

The Nevada Gaming Control Board (NGCB) yesterday (20 March) posted a notice on its website stating it had entered into a stipulation for settlement with Resorts World Las Vegas.

The $10.5m will be paid to directly into Nevada’s budget and also imposes new conditions onto Resorts World’s licences.

The NGCB said the full proposed settlement, which is not yet publicly available, highlights “wholesale changes” to the casino’s executive leadership, as well as other remedial measures.

Former MGM CEO Jim Murren and Las Vegas veteran Alex Dixon were appointed chair and CEO of the troubled Genting Group-owned casino operator in December.

The majority of conditions and remediations focus on additional requirements for the firm’s anti-money laundering programme.

The settlement appears to largely conclude one of the largest Las Vegas malfeasance scandals in recent years.

Resorts World implicated in major scandal

First issued in August 2024, the NGCB’s 31-page complaint detailed numerous alleged wrongdoings, including welcoming suspected illegal bookmakers with ties to organised crime to gamble at the casino for a prolonged period.

Much of the issues revolved around Mathew Bowyer, the illegal bookmaker who took bets from Shohei Ohtani’s former interpreter, and his activities at the casino.

These included him losing $1.2m at the property in a two-month stretch during 2022, without once identifying his source of funds.

Bowyer pled guilty in Californian federal court last year for operating an illegal gambling business, money laundering and filing a false tax return.

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