News

In January, the MGM Grand and The Cosmopolitan casinos in Las Vegas agreed to pay a combined $7.5 million in penalties to resolve breaches of anti-money laundering laws after the MGM Grand allowed an illegal bookmaker to launder at least $4 million through its business, and The Cosmopolitan $928,600. Prosecutors in the Central District of California charged that Wayne Nix, a former minor league baseball player, ran an illegal sports betting ring and used the proceeds to gamble at MGM Grand and The Cosmopolitan from August 2017 to February 2019. Nix is awaiting sentencing after pleading guilty to federal tax...