Gaming Commission hails MGM ‘culture of compliance’ in issuing $8.5 million fine

Gaming Commission hails MGM ‘culture of compliance’ in issuing $8.5 million fine

Nevada Gaming Commissioner Brian Krolicki. (Nevada Gaming Commission stream screengrab)The Nevada Gaming Commission approved a stipulated agreement Thursday stemming from a complaint filed last week by the Nevada Gaming Control Board against MGM Resorts International. The complaint alleged MGM allowed three illegal bookmakers to gamble at the company’s properties, despite knowledge of, or suspicions about their sources of income.  “One bad apple…

MGM resorts fined $8.5M for AML violations

MGM Resorts has acknowledged past violations and committed to implementing extensive reforms to strengthen its anti-money laundering (AML) compliance practices. On Thursday, the Nevada Gaming Commission (NGC) unanimously approved an $8.5 million fine against MGM Resorts, resolving a series of allegations related to its AML procedures. This marks the NGC’s second major AML-related ruling in the past month, highlighting a broader industry focus on…