Former casino exec reaches tentative agreement with Nevada regulators
Scott Sibella could face a $10,000 fine and loss of his gaming license.
Key Points
- Sibella pleaded guilty to charges of illegal gambling and money laundering
- He could lose his gaming license and will not be able to reapply for five years
The Nevada Gaming Control Board filed a stipulation of settlement with the Nevada Gaming Commission to revoke a former casino executive’s gaming license, according to a Las Vegas Review-Journal local report.
Gaming regulators in Nevada and former Resorts World and MGM Grand top executive Scott Sibella have reached a tentative agreement, which “effectively ends his career in Nevada’s casino industry,” the local report said.
The Nevada Gaming Commission received a filed stipulation of settlement from the Nevada Gaming Control Board, which will impose a $10,000 fine against Sibella and revoke his gaming license. The Nevada Gaming Control Board had put together a three-count complaint against the former MGM executive within weeks of Sibella’s federal court hearing.
In addition, Sibella would be placed on a list of denials wit the Control Board. This would prohibit him from applying for another license in the state of Nevada for a five-year period that is retroactive to December 2023.
Good to know: Sibella later pleaded guilty to the charges in January 2024
Last year, the regulator had exonerated Sibella and said that allegations of illegal gambling and money laundering were “unfounded.”
Sibella admitted during his plea that he “allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash.” The incident at MGM Grand involved former minor league baseball player Wayne Nix, according to the court documents.
Sibella went on to add that he “allowed Nix to gamble at MGM Grand and affiliated properties with illicit proceeds generated from the illegal gambling business without notifying the casinos’ compliance department.”
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