Ann Hoff departs from MGM after 30 years
Ann Hoff, president and COO of Bellagio and Park MGM is set to retire on April 25, after 30 years with MGM Resorts International.Ann Hoff’s journey with MGM began in 1990...
MGM faces $8.5M fine in illegal betting investigation
MGM Resorts will pay an $8.5 million fine to Nevada regulators after an investigation uncovered serious failures in spotting and stopping illegal gambling.
The complaint targets former MGM Grand president Scott Sibella, who illegally allowed players to enjoy VIP perks, despite red flags. One of them, Wayne Nix, a former minor league ballplayer turned bookie, reportedly made hundreds of visits to MGM casinos, bringing in bags of cash and gambling millions. However, no one filed a suspicious activity report.
Another player, Matthew Bowyer, was allowed to keep betting even after complaints that he was leading MGM’s clients into illegal betting rings.
Sibella, who later ran Resorts World Las Vegas before leaving in 2023, pleaded guilty to violating the Bank Secrecy Act. He’s now on probation and barred from holding a gaming license for five years.
MGM acknowledged the issue and confirmed that they had made some big changes with AML training, which will provide a better system for employees to report shady behaviour and, overall, tighter controls.
If approved by the Nevada Gaming Commission, this could be one of the biggest fines in the state’s history.
MGM Resorts reports strong results for Q4 2024
The American global hospitality and entertainment company MGM Resorts International reported strong Q4 results for 2024 with $17.2 billion.The Q4 was not only about...
