Scott Sibella, the former president of Resorts World Las Vegas, has agreed to a settlement with Nevada gaming regulators, which will lead to the revocation of his gaming license and the imposition of a $10,000 fine. As reported by News3LV, the settlement aims to resolve allegations from his time as the president of MGM Grand, where he admitted to granting privileges to a known illegal bookmaker, Wayne Nix.
The fine, along with the revocation of his gaming license and suitability finding, is a penalty for Sibella's failure to report suspicious transactions, a violation he pleaded guilty to earlier this year. This occurred during his time at MGM Grand, but the settlement also covers any potential violations during his later role at Resorts World, according to the Las Vegas Review-Journal.
Ahead of the Nevada Gaming Commission's meeting on Thursday next week, where the settlement is expected to be finalized, Sibella has remained silent, opting to speak after the approval process.
Meanwhile, Resorts World Las Vegas is facing its own regulatory challenges, linked to the activities of convicted bookmaker Mathew Bowyer on the property. As Sibella steps away from the industry, Resorts World's parent company, Genting Berhad, is restructuring its leadership, with former MGM CEO Jim Murren leading a newly formed board.
The Nevada Gaming Control Board is holding both parties accountable, reinforcing its commitment to enforcing anti-money laundering laws and regulatory standards in the Las Vegas casino industry.
