Resorts World fined US$10.5m for "overall lack of control" & likely illegal bookmaker clients

Casino operator Resorts World (RW) has agreed to pay a US$10.5 million penalty to the Nevada Gaming Commission to settle claims that it accepted wagers from alleged illegal bookmakers, violated the Bank Secrecy Act and the business culture was such that when faced with suspicious or illegal activity, executives "at a minimum, negligently disregarded, or, at worst, wilfully ignored" the information so as not to impact revenue growth or their own bonuses.

Casino operator Resorts World (RW) has agreed to pay a US$10.5 million penalty to the Nevada Gaming Commission [1] to settle claims that it accepted wagers from alleged illegal bookmakers, violated the Bank Secrecy Act and the business culture was such that when faced with suspicious or illegal activity, executives "at a minimum, negligently disregarded, or, at worst, wilfully ignored" the information so as not to impact revenue growth or their own bonuses.