Nevada Gaming files complaint against Resorts World regarding allowing illegal bookies to gamble there and launder money

[Dan Druff]

Former Resorts World CEO Scott Sibella was a shady guy, and for a long time, the corrupt LV media was ignoring it, and Nevada Gaming seemed to look the other way,

However, once Scott Sibella was arrested by the feds and subsequently fired, the media had no choice but to report on it, and Gaming had to take action.

Now Resorts World is facing the possibility of losing their license, and will likely at least face a massive fine. They are accused of allowing known illegal bookies to gamble there and launder money.

Embedded Tweet

https://twitter.com/#!/x/status/1824123133374382221


Interestingly, the main bookie involved here is Matthew Bowyer, who was in mainstream news earlier this year as the illegal bookmaker who took bets from Shohei Ohtain's assistant, Ippei Mizuhara. While there was (and still is) some suspicion that Mizuhara was placing some or all of the bets on behalf of Ohtani, he did plead guilty in federal court to having stolen Ohtani's money for purposes of continuing to gamble at high stakes. At minimum, Mizuhara stole at least some of that money gambled with Bowyer.

Anyway, this entire thing came out in March due to the arrest and investigation of Bowyer.

Matthew Bowyer is the main bookie being accused of being allowed to gamble at Resorts World, and it's alleged that executives there, including CEO Sibella, knew about it and looked the other way. Interestingly, a newly revealed angle involves Bowyer's wife Nicole, who was an independent host associated with Resorts World. Apparently Nicole Bowyer was also earning a commission on the losses incurred by her husband and his associates!

It is assumed that Bowyer and his associates were gambling at Resorts World at high stakes in order to clean up their illegal bookmaking earnings, thus making the money they cashed out appear to be casino wins. Resorts World was said to have looked the other way as this occurred, rather than inquire about their source of funds. It's also alleged that Resorts World was very aware of Bowyer's actual source of funds, so this went beyond ignorance.

All of the full complaints can be found here: https://gaming.nv.gov/gaming/complaints/stipulations/

Bowyer pled guilty 6 days ago in federal court to illegal bookmaking and money laundering.

[redietz]

Without the Ohtani publicity, this likely stays under the radar for years. Not exactly subtle in style, which tells you (if you have at least a few working neurons)....

People continually ask me if and when the mob has left Las Vegas. My answer is always the same: It depends whether you think dinosaurs are extinct. A civilian will likely say "yes." If you ask a paleontologist, you'll likely get a more measured answer having to do with birds.

[MDawg]

Not just bookies, but also players with gambling related felony convictions, and individuals linked to organized crime (like REDietz claims to be).

[redietz]

Not just bookies, but also players with gambling related felony convictions, and individuals linked to organized crime (like REDietz claims to be).

I have no verifiable links with any organized crime figures, other than in my wayward youth when I helped run errands for The Jester Club, as chronicled in my short story "The Car Makes the Man" in Driving Southern.

https://www.amazon.com/Driving-South...3822211&sr=8-1




Although I would love to be on a certain podcast, which may come to fruition.

[Tasha]

Former Resorts World CEO Scott Sibella was a shady guy, and for a long time, the corrupt LV media was ignoring it, and Nevada Gaming seemed to look the other way,

However, once Scott Sibella was arrested by the feds and subsequently fired, the media had no choice but to report on it, and Gaming had to take action.

Now Resorts World is facing the possibility of losing their license, and will likely at least face a massive fine. They are accused of allowing known illegal bookies to gamble there and launder money.

Embedded Tweet

https://twitter.com/#!/x/status/1824123133374382221


Interestingly, the main bookie involved here is Matthew Bowyer, who was in mainstream news earlier this year as the illegal bookmaker who took bets from Shohei Ohtain's assistant, Ippei Mizuhara. While there was (and still is) some suspicion that Mizuhara was placing some or all of the bets on behalf of Ohtani, he did plead guilty in federal court to having stolen Ohtani's money for purposes of continuing to gamble at high stakes. At minimum, Mizuhara stole at least some of that money gambled with Bowyer.

Anyway, this entire thing came out in March due to the arrest and investigation of Bowyer.

Matthew Bowyer is the main bookie being accused of being allowed to gamble at Resorts World, and it's alleged that executives there, including CEO Sibella, knew about it and looked the other way. Interestingly, a newly revealed angle involves Bowyer's wife Nicole, who was an independent host associated with Resorts World. Apparently Nicole Bowyer was also earning a commission on the losses incurred by her husband and his associates!

It is assumed that Bowyer and his associates were gambling at Resorts World at high stakes in order to clean up their illegal bookmaking earnings, thus making the money they cashed out appear to be casino wins. Resorts World was said to have looked the other way as this occurred, rather than inquire about their source of funds. It's also alleged that Resorts World was very aware of Bowyer's actual source of funds, so this went beyond ignorance.

All of the full complaints can be found here: https://gaming.nv.gov/gaming/complaints/stipulations/

Bowyer pled guilty 6 days ago in federal court to illegal bookmaking and money laundering.

Wow. What a clusterfuck for Resorts World, but Resorts World is a dime a dozen in Las Vegas Casinos and it's not really that big of a deal that they are losing their license. There's are PLENTY of other Las Vegas Casinos to balance out Resorts World losing their license. Harrah's, Bellagio, Cea

[DGenBen]

Former Resorts World CEO Scott Sibella was a shady guy, and for a long time, the corrupt LV media was ignoring it, and Nevada Gaming seemed to look the other way,

However, once Scott Sibella was arrested by the feds and subsequently fired, the media had no choice but to report on it, and Gaming had to take action.

Now Resorts World is facing the possibility of losing their license, and will likely at least face a massive fine. They are accused of allowing known illegal bookies to gamble there and launder money.

Embedded Tweet

https://twitter.com/#!/x/status/1824123133374382221


Interestingly, the main bookie involved here is Matthew Bowyer, who was in mainstream news earlier this year as the illegal bookmaker who took bets from Shohei Ohtain's assistant, Ippei Mizuhara. While there was (and still is) some suspicion that Mizuhara was placing some or all of the bets on behalf of Ohtani, he did plead guilty in federal court to having stolen Ohtani's money for purposes of continuing to gamble at high stakes. At minimum, Mizuhara stole at least some of that money gambled with Bowyer.

Anyway, this entire thing came out in March due to the arrest and investigation of Bowyer.

Matthew Bowyer is the main bookie being accused of being allowed to gamble at Resorts World, and it's alleged that executives there, including CEO Sibella, knew about it and looked the other way. Interestingly, a newly revealed angle involves Bowyer's wife Nicole, who was an independent host associated with Resorts World. Apparently Nicole Bowyer was also earning a commission on the losses incurred by her husband and his associates!

It is assumed that Bowyer and his associates were gambling at Resorts World at high stakes in order to clean up their illegal bookmaking earnings, thus making the money they cashed out appear to be casino wins. Resorts World was said to have looked the other way as this occurred, rather than inquire about their source of funds. It's also alleged that Resorts World was very aware of Bowyer's actual source of funds, so this went beyond ignorance.

All of the full complaints can be found here: https://gaming.nv.gov/gaming/complaints/stipulations/

Bowyer pled guilty 6 days ago in federal court to illegal bookmaking and money laundering.

Wow. What a clusterfuck for Resorts World, but Resorts World is a dime a dozen in Las Vegas Casinos and it's not really that big of a deal that they are losing their license. There's are PLENTY of other Las Vegas Casinos to balance out Resorts World losing their license. Harrah's, Bellagio, Cea

Yes I’m sure that Nevada Gaming will pull Resorts Worlds license.

Because after all they are first & foremost a consumer protection agency. Protecting consumers & ensuring compliance with the law is always their number one priority.

This is why you definitely won’t see some minor slap on the wrist like a fine that is just a drop in the bucket for a big corporation like Resorts World. Or just nuking some of the executives involved.

Forget about the fact that Resorts World is a large contributor to the Nevada economy & probably also contributes significantly to Nevada politicians of both political parties.

Nope, none of that will matter in the slightest degree. This time they are going to send a clear message & actually pull the license!

Just watch & wait lol.

[MisterV]

Yes I’m sure that Nevada Gaming will pull Resorts Worlds license.

Because after all they are first & foremost a consumer protection agency. Protecting consumers & ensuring compliance with the law is always their number one priority.

This is why you definitely won’t see some minor slap on the wrist like a fine that is just a drop in the bucket for a big corporation like Resorts World. Or just nuking some of the executives involved.

Forget about the fact that Resorts World is a large contributor to the Nevada economy & probably also contributes significantly to Nevada politicians of both political parties.

Nope, none of that will matter in the slightest degree. This time they are going to send a clear message & actually pull the license!

Just watch & wait lol.

Ah, sarcasm: accept no substitute.

[jdog]

Yep I'm gonna hold my breath. That license is as good as gone!

[accountinquestion]

Why not just report the income to the irs?

Honestly the problem is the bookies do the same business that resorts world does, so the idea that ngc is protecting anyone is goofy.

[DGenBen]

Why not just report the income to the irs?

Honestly the problem is the bookies do the same business that resorts world does, so the idea that ngc is protecting anyone is goofy.

What are you talking about Willis?

Did you even read the thread? Has nothing to do with the IRS, it is a money laundering case.

Not reporting earnings to the IRS is tax evasion.

This is money laundering which is essentially the opposite crime.

You have illegal earnings from an illegal bookmaking operation so you launder it through the casino making it appear to be legal earnings so now you CAN report it to the IRS as legitimate earnings & get it into the banking system to spend it.

This is why casinos have to report large cash transactions so if you cash in for $500,000 and then cash out for $450,000 you can’t say “Oh hurr hurr! Look I have $450,000 in income that I legitimately won at the casino!”

The casino reporting that you bought in for $500,000 would prevent this.

But if the casino doesn’t report that now any money you cash out from illegal book making, drug dealing, or pimping out 14 years olds can now be reported as legitimate income from casino winnings.

[accountinquestion]

Why not just report the income to the irs?

Honestly the problem is the bookies do the same business that resorts world does, so the idea that ngc is protecting anyone is goofy.

What are you talking about Willis?

Did you even read the thread? Has nothing to do with the IRS, it is a money laundering case.

Not reporting earnings to the IRS is tax evasion.

This is money laundering which is essentially the opposite crime.

You have illegal earnings from an illegal bookmaking operation so you launder it through the casino making it appear to be legal earnings so now you CAN report it to the IRS as legitimate earnings & get it into the banking system to spend it.

This is why casinos have to report large cash transactions so if you cash in for $500,000 and then cash out for $450,000 you can’t say “Oh hurr hurr! Look I have $450,000 in income that I legitimately won at the casino!”

The casino reporting that you bought in for $500,000 would prevent this.

But if the casino doesn’t report that now any money you cash out from illegal book making, drug dealing, or pimping out 14 years olds can now be reported as legitimate income from casino winnings.

Yea I was missing a few there. I should have known the answer in regards to getting the $$ back into the banking system. I was more fixated on the fact you can pay your taxes and don't need to launder anything... but yea it isn't in the banking system and you still have no excuse for the cash.

But my point about ngc doing anything stands. There is no entity they are even protecting here outside of law abiding citizens who have nothing to do with the situation. If there is ever a case ngc looks the other way over I would expect it in a scenario such as this.

[DGenBen]

Why not just report the income to the irs?

Honestly the problem is the bookies do the same business that resorts world does, so the idea that ngc is protecting anyone is goofy.

What are you talking about Willis?

Did you even read the thread? Has nothing to do with the IRS, it is a money laundering case.

Not reporting earnings to the IRS is tax evasion.

This is money laundering which is essentially the opposite crime.

You have illegal earnings from an illegal bookmaking operation so you launder it through the casino making it appear to be legal earnings so now you CAN report it to the IRS as legitimate earnings & get it into the banking system to spend it.

This is why casinos have to report large cash transactions so if you cash in for $500,000 and then cash out for $450,000 you can’t say “Oh hurr hurr! Look I have $450,000 in income that I legitimately won at the casino!”

The casino reporting that you bought in for $500,000 would prevent this.

But if the casino doesn’t report that now any money you cash out from illegal book making, drug dealing, or pimping out 14 years olds can now be reported as legitimate income from casino winnings.

Yea I was missing a few there. I should have known the answer in regards to getting the $$ back into the banking system. I was more fixated on the fact you can pay your taxes and don't need to launder anything... but yea it isn't in the banking system and you still have no excuse for the cash.

But my point about ngc doing anything stands. There is no entity they are even protecting here outside of law abiding citizens who have nothing to do with the situation. If there is ever a case ngc looks the other way over I would expect it in a scenario such as this.

Fair point but how often do individuals get let off with small slaps on the wrist when they commit victimless crimes?

[tableplay]

[accountinquestion]

What are you talking about Willis?

Did you even read the thread? Has nothing to do with the IRS, it is a money laundering case.

Not reporting earnings to the IRS is tax evasion.

This is money laundering which is essentially the opposite crime.

You have illegal earnings from an illegal bookmaking operation so you launder it through the casino making it appear to be legal earnings so now you CAN report it to the IRS as legitimate earnings & get it into the banking system to spend it.

This is why casinos have to report large cash transactions so if you cash in for $500,000 and then cash out for $450,000 you can’t say “Oh hurr hurr! Look I have $450,000 in income that I legitimately won at the casino!”

The casino reporting that you bought in for $500,000 would prevent this.

But if the casino doesn’t report that now any money you cash out from illegal book making, drug dealing, or pimping out 14 years olds can now be reported as legitimate income from casino winnings.

Yea I was missing a few there. I should have known the answer in regards to getting the $$ back into the banking system. I was more fixated on the fact you can pay your taxes and don't need to launder anything... but yea it isn't in the banking system and you still have no excuse for the cash.

But my point about ngc doing anything stands. There is no entity they are even protecting here outside of law abiding citizens who have nothing to do with the situation. If there is ever a case ngc looks the other way over I would expect it in a scenario such as this.

Fair point but how often do individuals get let off with small slaps on the wrist when they commit victimless crimes?

Where I'm from these days they get let off all the time?

We realize that there isnt' enough enforcement in the US to catch ever crime. Not anywhere close. That is never to say it should be excused though. Thats why if you run for public office at a high level, you better have not committed loan fraud and shit like that. Really, crimes should be based on the level of money and such. The really wealthy need to have more concern of actually being put in jail. It would do a lot for this country and the way it is now just goes to show how corruption based around capital has become the thing.

This is sorta related but I found it to be a good watch. I haven't looked him up too much but I guess he is who he said.

Pretty cool. moving 1 trillion in positions in a day. Tasha pushing 1000 buttons in a day.

Really WHAT is the difference? You know what I mean?

[DGenBen]

Yea I was missing a few there. I should have known the answer in regards to getting the $$ back into the banking system. I was more fixated on the fact you can pay your taxes and don't need to launder anything... but yea it isn't in the banking system and you still have no excuse for the cash.

But my point about ngc doing anything stands. There is no entity they are even protecting here outside of law abiding citizens who have nothing to do with the situation. If there is ever a case ngc looks the other way over I would expect it in a scenario such as this.

Fair point but how often do individuals get let off with small slaps on the wrist when they commit victimless crimes?

Where I'm from these days they get let off all the time?

We realize that there isnt' enough enforcement in the US to catch ever crime. Not anywhere close. That is never to say it should be excused though. Thats why if you run for public office at a high level, you better have not committed loan fraud and shit like that. Really, crimes should be based on the level of money and such. The really wealthy need to have more concern of actually being put in jail. It would do a lot for this country and the way it is now just goes to show how corruption based around capital has become the thing.

This is sorta related but I found it to be a good watch. I haven't looked him up too much but I guess he is who he said.

Pretty cool. moving 1 trillion in positions in a day. Tasha pushing 1000 buttons in a day.

Really WHAT is the difference? You know what I mean?

Wow. Thank you for posting that. A very good watch, especially the final 10 minutes or so.

[accountinquestion]

Wow. Thank you for posting that. A very good watch, especially the final 10 minutes or so.

Someone who comes from a lower class and gets to where he is will always have some very interesting/useful observations of people. People born into it all see their lives as normal and don't even think about such things.

Turns out he has his own youtube channel with moderate success. "Garys economics" I believe but basically he's saying to buy real-estate because once interest rates go back down wealthy people going to want to buy more assets and what the fuck else are they going to buy? Something like that.. but.. his views jive with pretty well with what I've come to view as the truth and many others.

People are basically too stupid to vote in their interests. Luckily I'm smart enough to do ok in life so I don't have $$ concerns anymore.

Sometimes they try to start another casino in this day and age because hey can't lose money with a casino... but others going to buy houses. It is all the same shit though. Too much inequality.

[Dan Druff]

Without the Ohtani publicity, this likely stays under the radar for years. Not exactly subtle in style, which tells you (if you have at least a few working neurons)....

People continually ask me if and when the mob has left Las Vegas. My answer is always the same: It depends whether you think dinosaurs are extinct. A civilian will likely say "yes." If you ask a paleontologist, you'll likely get a more measured answer having to do with birds.

Correct.

There still remains an underlying corruption in the Las Vegas area. The entire Sibella matter was swept under the rug, and the local media was complicit.

Once the feds got involved, then suddenly it was covered. And once Ohtani got involved, then it became a national story.

[Tasha]

Former Resorts World CEO Scott Sibella was a shady guy, and for a long time, the corrupt LV media was ignoring it, and Nevada Gaming seemed to look the other way,

However, once Scott Sibella was arrested by the feds and subsequently fired, the media had no choice but to report on it, and Gaming had to take action.

Now Resorts World is facing the possibility of losing their license, and will likely at least face a massive fine. They are accused of allowing known illegal bookies to gamble there and launder money.

Embedded Tweet

https://twitter.com/#!/x/status/1824123133374382221


Interestingly, the main bookie involved here is Matthew Bowyer, who was in mainstream news earlier this year as the illegal bookmaker who took bets from Shohei Ohtain's assistant, Ippei Mizuhara. While there was (and still is) some suspicion that Mizuhara was placing some or all of the bets on behalf of Ohtani, he did plead guilty in federal court to having stolen Ohtani's money for purposes of continuing to gamble at high stakes. At minimum, Mizuhara stole at least some of that money gambled with Bowyer.

Anyway, this entire thing came out in March due to the arrest and investigation of Bowyer.

Matthew Bowyer is the main bookie being accused of being allowed to gamble at Resorts World, and it's alleged that executives there, including CEO Sibella, knew about it and looked the other way. Interestingly, a newly revealed angle involves Bowyer's wife Nicole, who was an independent host associated with Resorts World. Apparently Nicole Bowyer was also earning a commission on the losses incurred by her husband and his associates!

It is assumed that Bowyer and his associates were gambling at Resorts World at high stakes in order to clean up their illegal bookmaking earnings, thus making the money they cashed out appear to be casino wins. Resorts World was said to have looked the other way as this occurred, rather than inquire about their source of funds. It's also alleged that Resorts World was very aware of Bowyer's actual source of funds, so this went beyond ignorance.

All of the full complaints can be found here: https://gaming.nv.gov/gaming/complaints/stipulations/

Bowyer pled guilty 6 days ago in federal court to illegal bookmaking and money laundering.

Wow. What a clusterfuck for Resorts World, but Resorts World is a dime a dozen in Las Vegas Casinos and it's not really that big of a deal that they are losing their license. There's are PLENTY of other Las Vegas Casinos to balance out Resorts World losing their license. Harrah's, Bellagio, Cea

Sorry, my post was posted without being completed. Harrah's, Bellagio, Caesars Palace, The Aria, the Wynn, The Luxor, MGM Grand, Tropicana, Sam's Town, Silverton, Ellis Island, Palms, Paris Las Vegas, Bally's, Southpoint, Mohegan Sun, Encore, Durango, Fontainebleau, Circus Circus, etc that can balance out Resorts World possibly losing their license.

[MDawg]

This is on par with your post at WOV about how "less and less people are traveling to Nevada" which is "why Tropicana and the Mirage closed."

You really should stop "trying so hard to come off as mature, smart, and insightful."

[MisterV]

Obviously Genting stepped into shit with this matter and the consequences could be quite dire for this foreign-owned casino.

Currently their lawyers are dealing with the NGCB, attempting to smooth things out, and I suspect they will...but at what cost?

I don't know what the NGCB has learned and can prove but the harshness of the sanction will likely be in proportion to the amount of knowledge and involvement Genting's top-level executives had with the matter.

Systemic corruption is one thing, but if only a few lower-level suits were involved then that's quite another.

Interesting tale of opportunism and corruption with one question: How deep does the rot extend into Genting?