Caesars Entertainment reported a $55 million net loss for the Q3 2025, pointing to weak performance in its Las Vegas operations, driven by fewer visitors and poor results at...
Caesars Entertainment fined $7.8M over Nevada AML failures
Caesars Entertainment will pay a $7.8 million fine and follow a series of new compliance rules after Nevada regulators said the company failed to properly follow anti-money laundering (AML) requirements.
Regulators did not spell out the exact issues behind the penalty but said Caesars’ AML program was not effective in identifying where customer funds came from or in evaluating potential illegal activity. Under the agreement, Caesars must keep its AML policies up to date and share any changes with the chair of the Nevada Gaming Control Board.
The company’s chief legal officer or chief compliance officer must meet with board members when asked, up to four times a year, to review compliance practices. Caesars must also have procedures for exchanging information with financial institutions.
Within 60 days, Caesars has to provide in-person training for independent agents, casino hosts, marketing teams, and employees who can approve $50,000 or more in credit. Annual AML training is also required for board members, senior executives, and leadership across Caesars’ properties.
Moreover, Caesars must appoint someone to oversee AML decisions, including suspending or reinstating customers and filling any required licensing paperwork.
Caesars has not commented on the news yet.
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