In the wake of an investigation into illegal bookmakers laundering money at two of its Las Vegas casinos, MGM Resorts International says it has stepped up its efforts to prevent further violations.
It’s spending more than $1 million on anti-money laundering compliance. And in the past 10 years, it has filed 46,000 suspicious-activity reports, and the company has banned more than 2,600 customers from playing, just to name a few of the changes MGM Resorts officials outlined to gaming regulators in April.
Over the past two months, the Nevada Gaming Commission has ordered $19 million in fines on MGM Resorts and Genting Berhad, owner of Resorts World Las Vegas, in an effort to crack down on money laundering by illegal bookmakers.
