MGM Resorts has acknowledged past violations and committed to implementing extensive reforms to strengthen its anti-money laundering (AML) compliance practices.
On Thursday, the Nevada Gaming Commission (NGC) unanimously approved an $8.5 million fine against MGM Resorts, resolving a series of allegations related to its AML procedures.
This marks the NGC’s second major AML-related ruling in the past month, highlighting a broader industry focus on regulatory lapses along the Las Vegas Strip. Both recent settlements involve Scott Sibella, who previously served as president of MGM Grand before moving to Resorts World Las Vegas (RWLV) in 2019. The fine imposed on MGM is slightly lower than the $10.5 million penalty levied against RWLV last month.
Sibella, who was dismissed by RWLV in 2023, received a one-year probation sentence for multiple federal offenses, including failing to file a suspicious activity report (SAR). Unlike RWLV, which neither admitted nor denied the allegations, MGM Resorts formally accepted responsibility for its misconduct.
John McManus, MGM chief legal officer, mentioned:
We did not put up obstacles, we cooperated and we knew at the end of the day there would be a sanction.
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