Nevada regulator to hold public hearing regarding amendments

The meeting will be in Boulder City.

The Nevada Gaming Commission (NGC) will hold a public hearing today at 10AM Pacific Time in Boulder City at the City Hall Council Chamber to consider “the adoption, amendment, or repeal” of several regulations.

The meeting will also be available online via video conference for those who are not able to attend in person.

“The proposed regulation changes will be considered by the NGC in accordance with the provisions of NRS 463.145, which provides that on the date and at the time and place designated, any interested person, or their duly authorized representative, or both, shall be afforded the opportunity to present statements, arguments or contentions in writing, with or without the opportunity to present the same orally,” the commission said in a statement.

The commission will review proposed amendments to Regulation 5.225, which would “allow wagering accounts to be used more broadly than placing wagers, including, without limitation,” as well as “to except certain electronic ledgers used in conjunction with a cashless wagering system from the definition of wagering account and to take such additional action as may be necessary and proper to effectuate these stated purposes.”

Regulation 8.130 will also be reviewed during the hearing for proposed amendments for the purpose of clarifying “that certain transactions previously reviewed as part of an investigation are exempt from the required transaction reports; and to take such additional action as may be necessary and proper to effectuate this stated purpose.”

In other regulatory news, The Nevada Gaming Control Board recently 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.

Laura Mack

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