USA Top 10 crypto casinos in Ohio

  • Casino News
  • USA News

Resorts World Las Vegas Faces $10.5 Million Fine

Resorts World Las Vegas has been fined $10.5 million for anti-money laundering violations linked to an illegal bookmaking scandal. The casino faces financial struggles and leadership changes as it works to rebuild its reputation and operations.
facebook twitter twitter
Treasure Island Casino Las Vegas

Branimir Ivanov | Senior News Contributor

Updated: Mar 31, 2025

AML Violations Exposed

LAS VEGAS — In a decision that underscores the growing scrutiny of gaming operations in Nevada, the Nevada Gaming Commission (NGC) on Thursday, March 27, finalized a $10.5 million fine against Resorts World Las Vegas (RWLV) for historic violations of anti-money laundering (AML) regulations. The penalty, which was approved on a 4-0 vote, represents the second-largest fine ever imposed on a Nevada gaming company. Commissioner Abbi Silver recused herself from the vote due to a personal connection with former RWLV president Scott Sibella, whose past conduct is linked to the violations under review.

The fine is part of a broader crackdown on improper business practices within the state’s gaming industry, particularly regarding the failure to prevent illicit activities such as money laundering. RWLV's fine, while significant, falls short of the record $20 million penalty levied on Wynn Resorts in 2019, which stemmed from the company’s handling of sexual assault allegations against its founder, Steve Wynn.

A Breathtaking Scandal

The violations surrounding RWLV involve a complex web of illegal bookmaking activities and money laundering, most notably orchestrated by California-based bookmaker Mathew Bowyer. Bowyer, whose illegal operations reportedly served around 700 clients, frequented RWLV to gamble with proceeds from his illicit enterprise. Among his notable clients was Ippei Mizuhara, a former interpreter for MLB star Shohei Ohtani, who stole millions to fund his gambling addiction.

Last month, Mizuhara was sentenced to nearly five years in prison for bank fraud and tax evasion, his illegal gambling activities contributing to the broader scandal. According to the Nevada Gaming Control Board (NGCB), RWLV management was aware of Bowyer’s illegal activities but failed to take necessary action to stop him or report the suspicious activity, violating AML regulations.

Commissioner Brian Krolicki, the only commissioner to speak extensively on the matter, called the case a “profound teachable moment” for the industry. He expressed shock at the scale of the violations but acknowledged that the settlement reached by the NGCB was an appropriate resolution, providing the opportunity for RWLV to move forward.

“[The violations] are breathtaking,” Krolicki remarked, noting that the case should serve as a stark reminder to other casinos about the importance of adhering to regulatory standards. However, he also praised the corrective steps taken by RWLV, including its leadership changes, suggesting that these moves could mark a turning point for the casino.

Leadership Overhaul and Rebuilding Efforts

RWLV, part of the Genting Berhad group, has undergone significant leadership changes in the wake of the scandal. In December 2023, industry veteran Alex Dixon was appointed as the casino’s new CEO, and a new board of directors was formed, comprising high-profile figures such as former NGCB chair AG Burnett, former Nevada Governor Brian Sandoval, and Jim Murren, the former CEO of MGM Resorts. Murren’s appointment is particularly noteworthy, given his previous oversight of MGM during a period when Bowyer and other high-profile bookies frequented the company’s properties.

Despite the negative publicity surrounding the scandal, the changes at the top are seen as part of RWLV’s efforts to rebuild and stabilize its operations. These leadership adjustments were referred to as the “dream team” by Krolicki during the commission meeting, with the expectation that they will help steer the property towards recovery.

While the fine may mark the end of one chapter, RWLV continues to face significant financial challenges. The casino, which opened in 2021 with great fanfare, has struggled to meet expectations. In the fourth quarter of 2024, the casino reported $190 million in revenue, a 21% drop from the previous year, while its EBITDA plummeted to just over $1 million. This follows a similarly disappointing third quarter, which saw a 23% decline in year-over-year revenue.

In response to these financial pressures, RWLV announced last week that it would lay off fewer than 50 full-time employees as part of a broader restructuring effort. The layoffs, while relatively small in number, reflect the ongoing difficulties facing the property as it tries to optimize its operations and return to profitability.

Despite these setbacks, Genting, RWLV’s parent company, remains committed to turning the property around. In a statement accompanying the Q4 results, the company expressed confidence that improvements in its hotel system, tailored casino offerings, and investments in dining, entertainment, and retail would help boost engagement and drive future growth.

 

One of the commissioners, Brian Krolicki, called the scandal ‘a profound teachable moment for the industry,' noting the severity of the violations and emphasizing that this should serve as a stark reminder to other casinos about adhering to regulatory standards.

Ongoing Repercussions

The scandal surrounding RWLV highlights the broader challenges faced by the Nevada gaming industry, particularly in ensuring compliance with strict AML regulations. Nevada’s gaming regulators have a reputation for being tough on violations, and the fines levied against RWLV demonstrate that the state is committed to holding casinos accountable for their actions.

While the $10.5 million fine and the company’s leadership changes may provide some closure, the long-term reputational damage to RWLV remains to be seen. As the casino continues to face financial difficulties, it will need to regain the trust of both regulators and customers if it hopes to overcome its troubled past and emerge as a competitive force on the Las Vegas Strip.

In the meantime, the saga of Resorts World Las Vegas serves as a stark reminder of the high stakes involved in the gaming industry, where even a single violation can have far-reaching consequences.

The Hottest USA Casinos 2025

American Eagle
All-American Casino
SlotsandCasino Casino logo

SlotsandCasino Casino Review

USARated 99.98/100%

welcome bonus

300%/$1,500 + 100 Free Spins

30x wagering (Deposit & Bonus)

Play
Number of games
11+
Payment methods
6
Game providers
10
Min deposit
25
US Players
Accepted
burger
American Favorite
Cafe Casino logo

Cafe Casino Review

USARated 98.12/100%

welcome bonus

250%/$1,500

40x wagering (Deposit Only)

Play
Number of games
150+
Payment methods
8
Game providers
3
Min deposit
20
US Players
Accepted
NO KYC for any Players
Spinsala Casino Mobile App logo

Spinsala Casino Review

USARated 99.91/100%

welcome bonus

500%/€10,000

30x wagering (Deposit & Bonus)

Play
Number of games
100+
Payment methods
11
Game providers
8
Min deposit
20
US Players
Accepted
Popularity Icon
Trending in the USA
DuckyLuck Casino logo

DuckyLuck Casino Review

USARated 99.97/100%

welcome bonus

500%/$2,500+ 150 Free Spins

30x wagering (Deposit & Bonus)

Play
Number of games
11+
Payment methods
6
Game providers
10
Min deposit
25
US Players
Accepted
trending topic
Hot in USA
Bovada Casino logo

Bovada Casino Review

USARated 99.12/100%

welcome bonus

100%/$1,000

25x wagering (Deposit Only)

Play
Number of games
10+
Payment methods
4
Game providers
3
Min deposit
20
US Players
Accepted
growth
Growing in USA
Ignition Casino logo

Ignition Casino Review

USARated 98.11/100%

welcome bonus

300%/$3,000

25x wagering (Deposit Only)

Play
Number of games
10+
Payment methods
5
Game providers
4
Min deposit
20
US Players
Accepted
USA Icon
US Players Accepted
Avantgarde Casino logo

Avantgarde Casino Review

USARated 99.56/100%

welcome bonus

400% Weekly Promotion

35x wagering (Deposit & Bonus)

Play
Number of games
20+
Payment methods
14
Game providers
5
Min deposit
25
US Players
Accepted
USA Icon
US Players Accepted
Slots LV Casino logo

Slots LV Casino Review

USARated 98.13/100%

welcome bonus

200%/$3,000 + 30 Free Spins

35x wagering (Deposit & Bonus)

Play
Number of games
150+
Payment methods
4
Game providers
73
Min deposit
20
US Players
Accepted
Betonline Casino logo

Betonline Casino Review

USARated 99.18/100%

welcome bonus

100 Free Spins

Play
Number of games
70+
Payment methods
7
Game providers
8
Min deposit
25
US Players
Accepted
USA Icon
U.S. Choice Champion
JazzSports Casino logo

JazzSports Casino Review

USARated 97.96/100%

welcome bonus

200%/$2,000

40x wagering (Deposit & Bonus)

Play
Number of games
83+
Payment methods
7
Game providers
36
Min deposit
10
US Players
Accepted
10/ 10 (100%)

Related News

Amusnet

Amusnet Aligns with Seasonal Trends Through Three New Slots

BGaming

BGaming Launches Players Hub

In the Zone

In the Zone by ELK Studios Brings Variable Reel Mechanics

hide-html