UPDATE: Former Resorts World & MGM Grand Prez Loses Gaming License

In a significant ruling, the Nevada Gaming Commission has voted unanimously to revoke the gaming license of Scott Sibella, the former president of Resorts World and MGM Grand. This follows a settlement agreed upon by Sibella and the Nevada Gaming Control Board earlier this month.

This decision stems from a serious investigation into Sibella’s connections to money-laundering activities, which prompted his dismissal from Resorts World in September 2023.

Details of the Case

Sibella was alleged to have permitted an individual known as Wayne Nix, previously with minor league baseball, to gamble vast sums of money at MGM Grand, despite Nix operating an illegal sports betting business. This behavior spanned from August 2017 to February 2019, a period that ultimately led to severe regulatory scrutiny.

Having accepted a plea agreement in January 2024 regarding violations of the Bank Secrecy Act, Sibella is expected to face consequences for his actions. He is currently serving a year of probation and has been fined $9,500 as part of the agreement.

Settlement with Gaming Control Board

The negotiated settlement with the Gaming Control Board resolves three counts against him, shielding Sibella from potentially harsher penalties, including a lifetime ban or extended litigation.

Nevertheless, the agreement requires him to pay a fine of $10,000, which will help cover the costs involved in the Gaming Control Board’s investigation.

Concerns Surrounding Resorts World

While the complaint focused on Sibella’s time at MGM Grand, it also encompasses any potential violations during his tenure at Resorts World. This casino is currently facing a separate disciplinary complaint that includes charges related to violations of anti-money laundering regulations.

Over the years, Resorts World has been linked to various gambling scandals, leading to significant law enforcement actions against multiple figures in the industry.

Conclusion

Scott Sibella’s loss of his gaming license highlights the regulatory challenges facing the gaming industry in Nevada. As Resorts World continues to navigate controversies, the incident underscores the importance of compliance within gaming operations.