LOS ANGELES (AP) — A former top executive for major Las Vegas casinos was given a year of probation Wednesday after admitting he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash.
LOS ANGELES — A former top executive for major Las Vegas casinos was given a year of probation Wednesday after admitting he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash.
The MGM Grand and nearby Cosmopolitan of Las Vegas previously settled a related case stemming from a U.S. Justice Department money laundering probe. The resorts agreed to pay a combined $7.45 million, submit to an external review and step up their anti-money laundering compliance programs. According to his plea agreement with the government, Sibella allowed Nix to gamble at MGM Grand and affiliated properties with illicit proceeds generated from the illegal gambling business without notifying the casinos' compliance department.
Sibella was president and chief operating officer of the MGM Grand for eight years and then president of Resorts World Las Vegas until 2023.
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