The current operators of The Venetian Resort Las Vegas will pay a $7.2 million fine to Nevada gaming regulators over the illegal gambling activities of convicted bookmaker Mathew Bowyer, according to a stipulated settlement.
However, a four-count complaint, which was posted to the Gaming Control Board’s website along with the settlement on June 25, stated the bulk of the illegal gambling activity took place from 2019 to 2021, when Las Vegas Sands Corp. operated the resort.
The Strip complex, which includes the Palazzo, was acquired by Apollo Global Management from Las Vegas Sands as part of a $6.25 billion transaction in February 2022. Venetian agreed to the settlement with the control board. The Nevada Gaming Commission is expected to consider the agreement at its hearing in August.
