Nevada regulators approve new anti-money-laundering regs for casinos that paid $32
Coming off a tumultuous 12 months that saw four Las Vegas Strip casinos fined a combined $32 million, the Nevada Gaming Commission Thursday signed off on anti-money-laundering regulations to hold executives in the industry accountable.
The new regulations recommended by the Gaming Control Board come with backing from the Nevada Resort Association and follow fines of $7.8 million against Caesars Entertainment, $8.5 million against MGM Resorts International, and $10.5 million for Resorts World Las Vegas, all three dealing with illegal bookmakers. Wynn Resorts was fined $5.5 million for unregistered international money transfers.
"As has been well documented, we’ve had a rather eventful and difficult year in the area of money laundering,” Gaming Control Board Chair Mike Dreitzer told the Commission. "It’s appropriate, given the other matters heard before the Commission today, that we take up these regulations.” Dreitzer was referring to the inclusion of illegal bookmaker Matthew Bowyer in the state’s Black Book; Bowyer was behind incidents that helped lead to the casino fines.
Dreitzer said they worked with Nevada casinos and AML experts from around the country in crafting the new regulations. It wasn’t an easy task and they came up with what he called a "good package” of regulations and changes in administration.
"It’s an important day to put an exclamation point on this,” Dreitzer said. "We heard and saw loud and clear that there were limitations and concerns with AML. The industry has seen that and resoundingly got around this culture of compliance and the need to put compliance over commerce. We believe these (regulations) will make real differences.”
Senior Deputy Attorney General Mike Somps said the regulations are designed to bolster the regulatory requirements in the anti-money-laundering space.
- https://cdcgaming.com/nevada-regulators-approve-new-anti-money-laundering-regs-for-casinos-that-paid-32-million-in-fines-in-2025/