Business Insights
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact

Archives

  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • August 2023
  • January 2023
  • December 2021
  • July 2021
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Business
  • Crypto
  • Economy
  • Finance Expert
  • Forex
  • Invest News
  • Investing
  • Tech
  • Trading
  • Uncategorized
  • Videos
Apply Loan
Money Visa
Advertise Us
Money Visa
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact
Major Las Vegas Strip casino pays huge fines for illegal gambling
  • Trading

Major Las Vegas Strip casino pays huge fines for illegal gambling

  • May 26, 2025
  • Roubens Andy King
Total
0
Shares
0
0
0
Total
0
Shares
Share 0
Tweet 0
Pin it 0

Guests of Las Vegas Strip casinos want assurances that the facilities where they gamble are regulated and operate fair and honest games. They also want casinos to be free of illegal activities.

In an effort to keep Nevada casinos operating within the law, the Nevada Gaming Commission and Nevada Gaming Control Board have taken significant actions against casinos and their executives over the years for illegal or inappropriate activities.

💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵

In 2019, the commission fined Wynn Resorts $20 million, the largest commission fine ever, for ignoring employees' complaints of misconduct.

Related: Las Vegas Strip casino owner gets awful news from regulator

In July 2023, Wynn Resorts founder Steve Wynn agreed to a $10 million fine and a ban from any future involvement in Nevada gambling after the Nevada Gaming Control Board filed a complaint in 2019 over sexual abuse and misconduct allegations.

Resorts World on March 27, 2025, agreed to a $10.5 million fine after the Nevada Gaming Commission filed an amended complaint on March 20, alleging the casino and its then-President Scott Sibella allowed illegal bookmaker Mathew Bowyer to do business and gamble at the casino from December 2021 until Oct. 6, 2023, at which time Bowyer was banned from Resorts World.

MGM Resorts agrees to an $8.5 million fine

Also, Las Vegas Strip casino operator MGM Resorts International agreed to pay an $8.5 million fine to the State of Nevada related to a complaint for disciplinary action settlement with the Nevada Gaming Control Board.

The complaint against MGM and its casinos MGM Grand and Cosmopolitan was filed contemporaneously with a stipulation for settlement on April 17, alleging “unsuitable methods of operation arising from the activities of illegal bookmaker, Wayne Nix, which were described in non-prosecution agreements between the U.S. Attorney’s Office for the Central District of California and MGM Grand and The Cosmopolitan,” according a statement by the Gaming Control Board.

The complaint for disciplinary action also detailed the activities of illegal bookmaker Bowyer at MGM properties, which were discovered by the Nevada Gaming Control Board during the course of its investigation.

Wynn Las Vegas agreed to pay a $5.5 million fine. 

Image source: Wynn Resorts

Wynn Resorts agrees to pay fine

And now, the Nevada Gaming Commission, in a 4-1 vote on May 22, approved a $5.5 million fine against Wynn Resorts that was recommended by the Nevada Gaming Control Board, according to Casino.org.

Related: Las Vegas Strip casinos face an alarming trend

Nevada Gaming Control Board had entered into a proposed Stipulation for Settlement with Wynn Las Vegas, LLC regarding a complaint for disciplinary action filed contemporaneously with the stipulation by the gaming control board on May 15, 2025, according to a board statement.

More Las Vegas:

  • Las Vegas Strip Sphere signs another superstar band residency
  • Las Vegas Strip casino closes country superstar's residency
  • Las Vegas Strip casino signs global superstar singer to residency

The complaint, levied against the company in 2024, alleged unsuitable methods of operation arising from activities related to unregistered money transmitting businesses, facilitating international monetary transactions, allowing proxy betting, and other prohibited monetary transactions that were contained in a non-prosecution agreement between the U.S. Attorney’s Office for the Southern District of California and Wynn Las Vegas.

The gaming control board complaint details instances where former employees of Wynn allowed international patrons to obtain and/or transfer money improperly for the purposes of wagering, and also allowed wagers to be placed for other patrons at Wynn Las Vegas in violation of the gaming licensee’s Anti-Money Laundering Compliance Program.

The fine comes a year after Wynn agreed to pay $130.13 million to the U.S. Department of Justice, which was the largest fine ever for a U.S. casino, for the same charges, Casino.org reported.

The charges included unsuitable methods of operation arising from activities related to unregistered money transmitting businesses, facilitating international monetary transactions, and allowing proxy betting and other prohibited monetary transactions.

Related: Las Vegas Strip Sphere ends legendary rock band residency

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Roubens Andy King

Previous Article
This dangerous new phishing scam spoofs a top Google program to try and hack Facebook accounts
  • Tech

This dangerous new phishing scam spoofs a top Google program to try and hack Facebook accounts

  • May 26, 2025
  • Roubens Andy King
Read More
Next Article
Asian shares mostly lower, trading in a narrow range with US markets closed for Memorial Day
  • Investing

Asian shares mostly lower, trading in a narrow range with US markets closed for Memorial Day

  • May 26, 2025
  • Roubens Andy King
Read More
You May Also Like
Amazon is selling  wireless earbuds for  that offer 'incredible noise cancellation'
Read More
  • Trading

Amazon is selling $49 wireless earbuds for $20 that offer 'incredible noise cancellation'

  • Roubens Andy King
  • September 3, 2025
Low-cost airline cancels all international flights over safety issues
Read More
  • Trading

Low-cost airline cancels all international flights over safety issues

  • Roubens Andy King
  • September 2, 2025
Amazon is selling the 'perfect oversized sweater' for only
Read More
  • Trading

Amazon is selling the 'perfect oversized sweater' for only $20

  • Roubens Andy King
  • September 2, 2025
Walmart is offering a rare sale on its bestselling Lego orchid set for a limited time
Read More
  • Trading

Walmart is offering a rare sale on its bestselling Lego orchid set for a limited time

  • Roubens Andy King
  • September 2, 2025
Veteran trader sees key economic signal in surging gold prices
Read More
  • Trading

Veteran trader sees key economic signal in surging gold prices

  • Roubens Andy King
  • September 2, 2025
DraftKings secures a spot in the next big sports gambling state
Read More
  • Trading

DraftKings secures a spot in the next big sports gambling state

  • Roubens Andy King
  • September 2, 2025
Market jitters send stocks lower ahead of jobs data
Read More
  • Trading

Market jitters send stocks lower ahead of jobs data

  • Roubens Andy King
  • September 2, 2025
Burger King Menu Tackles Problem McDonald's, Starbucks Can't Fix
Read More
  • Trading

Burger King Menu Tackles Problem McDonald's, Starbucks Can't Fix

  • Roubens Andy King
  • September 2, 2025

Recent Posts

  • Why the Rich Are Moving From Cash to Gold | Money Printing, Inflation & India’s Opportunity | FWS 73
  • Earn Extra Money on Investment | SIP in Mutual Funds & ETFs | How to be Rich from Stock Market?
  • The Florida “Water Sensor” Alert: Why Homeowners are Being Fined $250 for “Illegal” Sprinkler Use
  • Inside Our $440K Reselling Business: Thrift Store Finds & Weekly Sales Revealed!
  • 7 Best Money Management Hacks | Personal Finance Tips | Sonu Sharma
Featured Posts
  • Why the Rich Are Moving From Cash to Gold | Money Printing, Inflation & India’s Opportunity | FWS 73 1
    Why the Rich Are Moving From Cash to Gold | Money Printing, Inflation & India’s Opportunity | FWS 73
    • February 3, 2026
  • Earn Extra Money on Investment | SIP in Mutual Funds & ETFs | How to be Rich from Stock Market? 2
    Earn Extra Money on Investment | SIP in Mutual Funds & ETFs | How to be Rich from Stock Market?
    • February 2, 2026
  • The Florida “Water Sensor” Alert: Why Homeowners are Being Fined 0 for “Illegal” Sprinkler Use 3
    The Florida “Water Sensor” Alert: Why Homeowners are Being Fined $250 for “Illegal” Sprinkler Use
    • February 2, 2026
  • Inside Our 0K Reselling Business: Thrift Store Finds & Weekly Sales Revealed! 4
    Inside Our $440K Reselling Business: Thrift Store Finds & Weekly Sales Revealed!
    • February 1, 2026
  • 7 Best Money Management Hacks | Personal Finance Tips | Sonu Sharma 5
    7 Best Money Management Hacks | Personal Finance Tips | Sonu Sharma
    • January 31, 2026
Recent Posts
  • 💡 Easy ETF Trading Explained! | Deepak Wadhwa’s Stock Market Tips 💹
    💡 Easy ETF Trading Explained! | Deepak Wadhwa’s Stock Market Tips 💹
    • January 30, 2026
  • Federal Reserve Board – Federal Reserve Board announces approval of application by Cornerstone Capital Bancorp, Inc.
    Federal Reserve Board – Federal Reserve Board announces approval of application by Cornerstone Capital Bancorp, Inc.
    • January 30, 2026
  • The Fed is heading for an extended pause, unlike the Bank of Japan
    The Fed is heading for an extended pause, unlike the Bank of Japan
    • January 30, 2026
Categories
  • Business (2,057)
  • Crypto (2,023)
  • Economy (206)
  • Finance Expert (1,687)
  • Forex (2,016)
  • Invest News (2,429)
  • Investing (2,040)
  • Tech (2,056)
  • Trading (2,024)
  • Uncategorized (2)
  • Videos (961)

Subscribe

Subscribe now to our newsletter

Money Visa
  • Privacy Policy
  • DMCA
  • Terms of Use
Money & Invest Advices

Input your search keywords and press Enter.