Malaysian gaming giant Genting Bhd said Friday it is working to resolve compliance issues at its Nevada integrated resort, Resorts World Las Vegas (RWLV), after it was served with a disciplinary complaint by the Nevada Gaming Control Board (NGCB) last week.
As reported by Inside Asian Gaming, the complaint alleges RWLV and Genting failed to fulfill their responsibilities as a holder of a privileged Nevada gaming license by allowing individuals with suspected or proven ties to illegal activities to gamble on property. Specifically, it details how agents uncovered a lack of compliance within Resorts World Las Vegas (RWLV) which the NGCB says allowed a culture that welcomed “certain individuals with suspected or actual ties to illegal bookmaking, histories of federal felony convictions related to illegal gambling businesses, and ties to organized crime.”
Such individuals, it added, were allowed to place millions of dollars in wagers at RWLV over many months because the North Strip property failed to adhere to its Anti-Money Laundering Program.
Among the NGCB’s recommendations to the Nevada Gaming Commission are that it fines RWLV and Genting a monetary sum for each violation of the Nevada Gaming Control Act or the Regulations of the Commission; that it take action against its license registration and suitability as per license requirements; and that it consider the appointment of a supervisor should the Commission revoke or suspend RWLV’s nonrestricted gaming license.
In response, Genting Bhd said its entities “take any suggestion of violations very seriously.
“Genting and its subsidiaries are committed to doing business with the utmost integrity and in line with applicable laws and industry guidelines.
“The Respondents have sought legal advice in respect of the complaint and RWLV LLC has been actively working to communicate with the NGCB.
“Genting and RWLV LLC look forward to resolving the issues raised by the NGCB and continuing to ensure that business practices at Resorts World Las Vegas meet all regulatory and legal requirements.”
NGCB Chairman Kirk Hendrick stated last week that the Board is “committed to protecting the State of Nevada, its citizens and visitors, and Nevada’s vital gaming industry.”
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