A new Major League Baseball season has begun, and perhaps Resorts World Las Vegas has found its winning team. It’s certainly paying for it.
This past week, the resort and its parent company agreed to pay $10.5 million to settle a state Gaming Control Board complaint stemming from an ongoing federal investigation into illegal bookmaking and money laundering that exposed a collapse in the casino’s gambling compliance system.
The investigation has been the talk of the Strip for more than two years. The case has exposed regulatory and compliance lapses at multiple resorts and led to the ouster of a longtime gaming industry executive and the conviction of several illegal bookmakers on gambling and money laundering charges.
