Resorts World Las Vegas: Nevada Agency Approves $10.5 Million Settlement With Resorts World Las Vegas

By Kelly Cloonan The Nevada Gaming Commission approved a $10.5 million settlement with Resorts World Las Vegas regarding allegations that it allowed illegal sports-betting bookies and others with ties to organized crime to gamble at the property. The stipulation for settlement, proposed by the Nevada Gaming Control Board earlier this month, put specific conditions on RWLV gaming licenses and addressed "wholesale changes" to RWLV's executive leadership. Most of the conditions and remediations included in the proposed settlement focused on further requirements for RWLV's anti-money laundering program. The $10.5 million fine will be payable to Nevada's General fund, the Nevada Gaming Control Board said earlier this month. The regulator first filed a complaint against the casino in August, alleging RWLV's executives ignored signs that some of its customers were gambling with proceeds from illegal activities in violation of anti-money-laundering regulations. The accusations coincided with a federal investigation into illegal sports-betting operations that had ensnared baseball star Shohei Ohtani's longtime interpreter Ippei Mizuhara. The $4.3 billion casino, which opened in 2021, is part of Malaysia's Genting Berhad, which has other casinos and entertainment properties around the world. Write to Kelly Cloonan at kelly.cloonan@wsj.com (END) Dow Jones Newswires 03-28-25 1530ET By Kelly Cloonan The Nevada Gaming Commission approved a $10.5 million settlement with Resorts World Las Vegas regarding allegations that it allowed illegal sports-betting bookies and others with ties to organized crime to gamble at the property. The stipulation for settlement, proposed by the Nevada Gaming Control Board earlier this month, put specific conditions on RWLV gaming licenses and addressed "wholesale changes" to RWLV's executive leadership. Most of the conditions and remediations included in the proposed settlement focused on further requirements for RWLV's anti-money laundering program. The $10.5 million fine will be payable to Nevada's General fund, the Nevada Gaming Control Board said earlier this month. The regulator first filed a complaint against the casino in August, alleging RWLV's executives ignored signs that some of its customers were gambling with proceeds from illegal activities in violation of anti-money-laundering regulations. The accusations coincided with a federal investigation into illegal sports-betting operations that had ensnared baseball star Shohei Ohtani's longtime interpreter Ippei Mizuhara. The $4.3 billion casino, which opened in 2021, is part of Malaysia's Genting Berhad, which has other casinos and entertainment properties around the world. Write to Kelly Cloonan at kelly.cloonan@wsj.com (END) Dow Jones Newswires 03-28-25 1530ET