The Nevada Gaming Control Board alleged that Caesars Palace failed to verify bookmaker Mathew Bowyer’s source of funds as he gambled millions of dollars between 2017 and 2024, despite suspicions being raised on several occasions and an anonymous tip that Bowyer was a bookie.
Caesars executives said their systems for catching such behavior had failed.
The settlement between Caesars Palace and the Gaming Control Board includes requirements for the casino company to better ensure compliance with anti-money laundering laws, including more training for staff.
“The way our (anti-money laundering) program operated in this instance was unacceptable,” said Gary Carano, the executive chairman of Caesars Entertainment’s board of directors, at the hearing. “We will do everything possible to prevent this from coming before you ever again.”
MGM Resorts International and Resorts World did not immediately respond to requests for comment.
