Michael Beckwith, a former federal prosecutor turned private practice attorney, said artificial intelligence (AI) could be a useful tool for the casino industry to protect itself from falling victim to crimes involving financial fraud, securities charges and anti-money laundering violations.
Given recent history — three Strip resort operators paid a combined $24.5 million to gaming regulators this year to settle multiple-count complaints for anti-money laundering violations — Beckwith suggested AI could help understaffed compliance departments.
“Casino marketing departments are already using AI to attract customers,” said Beckwith, a member of the Dickinson Wright law firm’s Silicon Valley office in Northern California. “Why not deploy AI on the compliance side? Gaming industry compliance teams are much smaller than operations teams. This is a tool that can be used to augment how a person operates.”
