The Nevada Gaming Commission on Thursday voted 4-0 to accept the $8.5 million proposed by the Nevada Gaming Commission and accepted by MGM Resorts for its role in permitting illegal bookmakers to gamble at the MGM Grand and Cosmopolitan. Last Friday, it addressed the matter by issuing the following statement:

“MGM Resorts takes its compliance responsibilities seriously and cooperated fully with the Nevada Gaming Control Board to resolve this matter. The company has made substantial investments to build one of the industry’s strongest anti-money laundering programs — driven by executive leadership and supported by rigorous training and internal controls. We’ve taken additional steps to strengthen safeguards, increase accountability, and reaffirm our commitment to doing what’s right for regulators, guests, and stakeholders.”

MGM Settles Money-Laundering Complaint With Regulators

MGM Resorts International agreed Thursday to pay Nevada regulators a fine of $8.5 million to settle the latest money-laundering complaint involving former MGM Grand president and COO Scott Sibella.

That 10-count complaint, filed Thursday by the Nevada Gaming Control Board (NGCB), alleged that Sibella allowed illegal bookmakers to gamble millions and pay off debts in unreported cash at the MGM Grand and Cosmopolitan, violating the Bank Secrecy Act, in 2018.

According to the Nevada Independent, which broke the story Friday morning, nine of the 10 counts in the NGCB’s latest complaint addressed gambling by convicted illegal bookmaker and former minor-league baseball player Wayne Nix. The 10th addressed gambling by a second convicted illegal bookmaker, Matthew Boyer.

NGCB Highlights MGM’s Anti-Money Laundering Failures

“The complaint’s allegations center on the actions and failures of [MGM Resorts’] employees in relation to Mr. Nix and Mr. Boyer, as well as deficiencies within [MGM Resorts’] anti-money laundering program,” NGCB chair Kirk Hendrick wrote in a press release posted to X on Friday morning. “The proposed settlement also details numerous remedial measures implemented at [MGM Resorts] and its subsidiary gaming properties.

“The majority of the conditions and recommendations focus on enhancements to [MGM Resorts’s anti-money laundering program] as well as additional training and awareness of [anti-money laundering] requirements.”

MGM and Resorts World Face Separate Legal Fines

In a separate agreement with federal prosecutors last year, MGM Resorts agreed to pay a combined $7.45 million in fines for the same violations.

Last month, Resorts World agreed to pay a $10.5 million fine — the second largest in Nevada history — to settle money-laundering charges brought by the NGCB for similar gambling by Boyer and another illegal bookmaker, Damien LeForbes, during Sibella’s tenure as president there in 2022 and 2023.

Sibella was fired by Resorts World in September 2023, and was stripped of his gaming license for five years last December. He pleaded guilty to violating the Bank Secrecy Act last year in federal court. He avoided prison time but received a year on probation and a $9,500 fine.

Further Actions Possible in MGM Resorts Money-Laundering Case

Even if the Nevada Gaming Commission accepts the agreement at its meeting next week, this may not be the end of the huge black eye that this scandal has given Las Vegas’ reputation over the past two years.

That’s because the NGCB said it still reserves the right to pursue further disciplinary action if federal authorities take action against Resorts World like they did against MGM Resorts.