Nevada fines Caesars Palace $7.8M for AML lapses
7d
Developing
1
The Nevada Gaming Control Board voted Thursday to fine Caesars Palace $7.8 million for anti‑money‑laundering failures tied to illegal bookmaker Mathew Bowyer, who gambled millions at the property from 2017–2024. Regulators said Caesars failed to verify Bowyer’s source of funds despite red flags and an anonymous tip; the settlement requires enhanced AML training and compliance, as Caesars executives acknowledged their systems failed.
Gambling Regulation
Financial Crime and Compliance