• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
State and Federal Investigations into Alleged Money Laundering Involve Scott Sibella

State and Federal Investigations into Alleged Money Laundering Involve Scott Sibella

05/01/2024
Vidushi Infotech Powers Global Growth with AI-Driven IT Solutions and 22 Years of Expertise

Vidushi Infotech Powers Global Growth with AI-Driven IT Solutions and 22 Years of Expertise

07/02/2025
PRINTCO SRL Nominated for 2025 Go Global Awards in London

PRINTCO: Romania’s Packaging Powerhouse Pioneering Innovation and Sustainability

07/01/2025
PRINTCO SRL Nominated for 2025 Go Global Awards in London

PRINTCO SRL Nominated for 2025 Go Global Awards in London

07/02/2025

HirtProductions Bridges Continents with Spiritually Uplifting Cinema

07/01/2025

HirtProductions Nominated for 2025 Go Global Awards for Excellence in Impact-Driven Cinema

07/01/2025
Trump Ends Canada Trade Talks, Signals Tariffs

Trump Ends Canada Trade Talks, Signals Tariffs

07/01/2025
Trump Signals Flexibility on Tariff Deadlines

Trump Signals Flexibility on Tariff Deadlines

07/01/2025
Canada Retaliates with Steel Quota After U.S. Tariff Threat

Canada Retaliates with Steel Quota After U.S. Tariff Threat

07/01/2025
Trump Warns Japan of New Tariffs Over Rice Trade

Trump Warns Japan of New Tariffs Over Rice Trade

07/01/2025
Tariffs Add $1 Billion Cost to Nike’s Supply Chain

Tariffs Add $1 Billion Cost to Nike’s Supply Chain

07/01/2025
Random Dynamic Resources Ltd Nominated for Go Global Awards 2025

Random Dynamic Resources Strengthens Research Impact Across Africa and Beyond

06/30/2025
Random Dynamic Resources Ltd Nominated for Go Global Awards 2025

Random Dynamic Resources Ltd Nominated for Go Global Awards 2025

06/30/2025
supplychainreport
Wednesday, July 2, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

State and Federal Investigations into Alleged Money Laundering Involve Scott Sibella

by Daisy D.
05/01/2024
in Anti-Money Laundering (AML), Compliance

The Nevada Gaming Control Board, previously quiet on the matter since last summer’s revelation of a federal probe into Las Vegas casinos and executives, has filed a complaint against Scott Sibella, former president of MGM Grand and Resorts World. The complaint, mirroring the federal case, follows Sibella’s guilty plea in January to violating anti-money laundering laws.

State officials lodged the complaint just a week before Sibella’s sentencing in a California federal court. According to a plea agreement, Sibella confessed to permitting illegal bookmaker Wayne Nix to settle a gambling debt of $120,000 in cash at MGM in 2018, without proper reporting to federal authorities.

YOU MAY ALSO LIKE

Liberia’s Lonestar Cell MTN Mobile Money Fined for AML/CFT Compliance Failures

AI in Risk Management: Current Applications, Future Potential, and Limitations

In his defense, Sibella’s attorney, John Spilotro, refrained from disclosing whether Sibella intends to negotiate with the GCB or contest the agency’s disciplinary action. He stated, “When the time is right, you will know.”

Alan Feldman, a Distinguished Fellow at UNLV’s International Gaming Institute, and former MGM Resorts public relations executive, remarked on the timing of the Control Board’s actions, suggesting it would have been preferable for them to address the issue earlier. However, he downplayed concerns about the federal government taking the lead in such investigations.

Contrary to Feldman’s view, former Las Vegas gaming executive Richard Schuetz criticized the Gaming Control Board’s handling of the matter, emphasizing the importance of preserving the board’s regulatory credibility.

Both state and federal investigations have expanded beyond Sibella to include other hotels, including Resorts World, where Sibella previously held the position of president and chief operating officer until his termination in September 2023 for violating company policy.

Recent reports indicate that the GCB is looking into alleged gambling activities involving illegal bookmaker Matt Bowyer at Resorts World and other establishments. Bowyer, whose California residence was raided by federal authorities last October, admitted through his attorney to accepting bets from Ippei Mizuhara, former interpreter of baseball star Shohei Ohtani, who allegedly embezzled $16 million from Ohtani’s account to fund his gambling habit.

According to an affidavit, Mizuhara owed Bowyer tens of millions of dollars and made weekly payments of $500,000 in 2023, some of which were wired to a gambling account at Resorts World.

Resorts World denied any prior knowledge of Mizuhara’s association with Bowyer or his gambling activities at the establishment.

State gaming regulators are reportedly examining Sibella’s connections with Bowyer and possibly reconsidering previous findings that exonerated him of allegations raised by a gambler and Resorts World vendor in 2022.

Resorts World conducted an internal investigation in response to the allegations, which cleared Sibella and the hotel of any wrongdoing, as per a report presented to the GCB.

Governor Joe Lombardo and Attorney General Aaron Ford declined to comment on the ongoing investigations.

Explore top supply chain logistics news at The Supply Chain Report. Interested in international trade? Visit ADAMftd.com for free tools.

#MoneyLaunderingProbes#SibellaInvestigations#StateFederalProbe#SupplyChainNews

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.