Resorts World to pay $10.5m fine to NGCB following proposed settlement
The figure would represent the second-highest fine ever paid in Nevada gaming history, stemming from an August 2024 complaint filed by the NGCB against Resorts World.
Key Points
- The complaint alleged there were unsuitable methods of operation occurring at the property, such as activities carried out by illegal bookmakers Mathew Bowyer and Damien LeForbes
- The Nevada Gaming Commission will now consider approving the proposed settlement with Resorts World during its monthly meeting, scheduled for March 27
The Nevada Gaming Control Board (NGCB) and Resorts World Las Vegas have reportedly reached a proposed settlement agreement which includes a $10.5m fine enforced upon the property, the second-highest ever to be paid in Nevada gaming history.
The settlement agreement stems from a complaint filed against Resorts World by the NGCB on August 15, 2024, alleging unsuitable methods of operation, including activities carried out by illegal bookmakers Mathew Bowyer and Damien LeForbes.
Federal investigators stated that Bowyer operated an unlicensed and illegal bookmaking business that focused on sports betting, as well as violated a California law that prohibits bookmaking.
According to a plea agreement with federal authorities, Bowyer also employed agents and sub-agents, including casino hosts, who worked for the illegal gambling operation and were paid a portion of the losses that bettors incurred.
On March 20, the NGCB said the majority of conditions and remediations in the proposed settlement focus on “additional or increased requirements in Resorts Worlds’ anti-money laundering program.”
Good to know: NGCB Chairman Kirk Hendrick released a statement on January 23, announcing his intention to resign from the position following a 120-day legislative session
The conditions also refer to “wholesale changes” for Resorts World’s executive leadership team, including former President Scott Sibella who was dismissed from his role during September 2023. Sibella was not implicated in the proposed settlement agreement, but has pleaded guilty to a separate money laundering investigation.
During January 2024, Sibella was found to have violated federal anti-money laundering rules during his time as President and COO of Resorts World Las Vegas.
The Nevada Gaming Commission will now consider approving the proposed settlement with Resorts World during its monthly meeting, scheduled for March 27.
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