News

The former president of the MGM Grand casino in Las Vegas pleaded guilty to failing to file suspicious activity reports on a sports bookmaker, Wayne Nix, who was allowed and even encouraged to gamble at the institution with proceeds from his illegal betting activities, the Las Vegas Review Journal reported. More MGM Grand and The Cosmopolitan of Las Vegas casinos meanwhile agreed to pay $7.5 million in penalties and upgrade their anti-money laundering programs. More U.K. authorities obtained court orders to freeze around £75 million of assets linked to Conservative lawmaker Michelle Mone and her husband as part of an...