Nevada Regulator Weighs US$7.8m Settlement with Caesars Entertainment Over Illegal Bookmaker Case
According to the state regulator, the complaint centres on “unsuitable methods of operation” connected to Bowyer’s activities at Caesars Palace.
The Nevada Gaming Control Board is weighing a US$7.8m settlement with Caesars Entertainment over its links to illegal bookmaker Mathew Bowyer.
According to the state regulator, the complaint centres on “unsuitable methods of operation” connected to Bowyer’s activities at Caesars Palace.
The proposed settlement, due to go before the Nevada Gaming Control Board on 20 November, sets out “specific conditions” that would be attached to Caesars’ gaming approvals.
“The proposed settlement also details numerous remedial measures implemented by Caesars,” the regulator said.
“The majority of the conditions and remediations focus on enhancements to Caesars anti-money laundering (AML) program, as well as additional training and employee awareness of AML requirements.”
During the 20 November meeting, representatives for Caesars and the Nevada Attorney General’s Office will outline the terms of the agreement and seek approval from the Nevada Gaming Commission.
Bowyer pleaded guilty to operating an illegal gambling business and was sentenced to one year in prison in August.
Resorts World Las Vegas has also become embroiled in the case, agreeing to a US$10.5m settlement.
