No regulatory issue today looms larger for Las Vegas casinos than anti-money laundering.
Nevada regulators have fined five of gaming’s biggest brands — Genting Berhad, MGM, Wynn, Caesars, and The Venetian — millions of dollars over the last two years for AML violations at Strip properties.
Every Nevada Gaming Control Board and Nevada Gaming Commission meeting these days seems to bring another speech about the need to make AML a priority, even as casino executives profusely apologize and pledge their commitment to compliance.
“We know that this entire matter has been a stain on the state and we’re embarrassed that we’re part of it,” Caesars CEO Tom Reeg said last year.
