• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 11 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Genting’s RWLV complaint in Nevada could hurt chances of securing full New York casino license, analysts say

Newsdesk by Newsdesk
Thu 22 Aug 2024 at 06:21
Genting’s Resorts World Las Vegas to open on 24 June 2021
20
SHARES
506
VIEWS
Print Friendly, PDF & Email

The complaint by the Nevada Gaming Control Board against Resorts World Las Vegas for alleged compliance breaches could jeopardize Genting Group’s bid to win a full casino license in New York, brokerage CIMB Securities has warned.

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.”

As per The Edge Malaysia, CIMB analysts wrote in a note issued earlier this week, “We think [a] risk is that a negative review by the commission could jeopardize Resorts World New York City’s bid” to obtain a full license, with bidding set to open in mid-2025. Genting Malaysia, a major subsidiary of RWLV owner Genting Bhd, has been touted as a strong favorite to win one of the three full New York licenses on offer given it already operates the slot only Resorts World New York City (RWNYC) in Queens.

According to CIMB, a negative result in New York could prove a double whammy due to RWNYC’s existing slots business also likely suffering if other casino operators successfully secure a license while it doesn’t.

It has been suggested that RWLV is facing around 300 separate violations in the NGCB’s complaint, which could see it face a fine of up to US$75 million and suspension or revocation of its license.

However, “Some industry experts say that this is rare and the commission is unlikely to go that far, due to the uncertain long-term impact from taking such a drastic measure,” CIMB analysts said.

RelatedPosts

Nevada’s 440 casinos closed as Governor issues unprecedented shut down of all non-essential businesses

IAG’s sister company CDC Gaming launches 4th annual “10 Women Rising in Gaming” alongside Global Gaming Women

Wed 9 Jul 2025 at 06:15
IGT, Scientific Games help boost AGEM Index in December

Konami, Aristocrat lead strong gain for AGEM Index in June

Tue 8 Jul 2025 at 05:44
Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Wed 2 Jul 2025 at 09:39
Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name

Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name

Wed 2 Jul 2025 at 06:28
Load More
Tags: ComplaintGenting BhdGenting MalaysiaNevada Gaming Control BoardNew YorkNorth AmericaResorts World Las Vegas
Share8Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Government report says online gambling poses far greater money laundering threat than Singapore’s land-based casinos

A deeper look at how Singapore introduced casino gaming: possible lessons for Thailand

by Newsdesk
Fri 11 Jul 2025 at 07:15

Inside Asian Gaming is delighted to publish this paper by LAU Kok Keng, Head of Gambling Law Practice for Rajah & Tann Asia, on Singapore’s casino legalization experience. The paper, titled, Singapore’s Casino Legalization Experience: Setting the Standards for Minimizing and...

Philippines’ maiden PIGO platform generates GGR of US$2.3 million in first six months of operation

Alliance of Philippines fintech companies says members prepared to implement strict due diligence measures for online gaming

by Newsdesk
Fri 11 Jul 2025 at 06:34

Fintech Alliance Philippines, described as the Philippines’ largest organization of financial technology companies, said in a statement that its members have agreed to implement stricter due diligence measures in response to concerns over the rapid rise of the country’s domestic...

Shinawatra family rejects opposition claim that casino policy drove away Chinese tourists, doubles down on need for entertainment complexes

Shinawatra family rejects opposition claim that casino policy drove away Chinese tourists, doubles down on need for entertainment complexes

by Ben Blaschke
Fri 11 Jul 2025 at 06:20

Thailand’s suspended Prime Minister Paetongtarn Shinawatra and her father, former Prime Minister Thaksin, have rejected claims by its former coalition partner Bhumjaithai that a massive decline in Chinese tourism this year is linked to the government’s casino policy. Instead, the...

SunTrust becomes listed tourism business as Suncity releases first renderings of Manila hotel and casino project

LET Group turns full focus to Manila casino development but admits uncertainty over ability to fund project completion

by Ben Blaschke
Fri 11 Jul 2025 at 06:17

Hong Kong-listed LET Group says it is now “fully-focused” on its US$1.25 billion LET X hotel and casino development in Manila’s Westside City precinct, despite admitting lingering concerns that it may not have the funds to complete its construction. The...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English