Top official allowed illegal gambler to launder millions in MGM Grand casino
A former CEO of major casinos in Las Vegas has been sentenced to a one-year suspended sentence. Scott Sibella pleaded guilty in January to violating anti-money laundering laws. He allowed an illegal gambler to launder millions of dollars at the MGM Grand.
Sibella ignored signals and helped gambler launder millions
Sibella worked for several years at various casinos on the Las Vegas Strip. He served, among other things, as president and chief operating officer of the MGM Grand. Prosecutors say he ignored signals that a gambler, Wayne Nix, was using illegally earned money. Nix was able to launder millions of dollars by gambling at the MGM Grand and other casinos under the same ownership.
Judge shows leniency due to clean criminal record
The judge took into account the fact that Sibella (61) took responsibility for his actions, cooperated with investigators and had no criminal record. Sibella’s lawyers had asked for a suspended sentence.
Casinos have settled money laundering cases before
The MGM Grand and the nearby Cosmopolitan of Las Vegas previously settled a similar case with the US Department of Justice. The casinos paid a combined $7.45 million and agreed to stricter anti-money laundering measures.
Nevada Gaming Authority can revoke Sibella’s gambling license
The Nevada Gaming Authority is considering revoking or suspending Sibella’s gambling license. He could also be fined up to $750,000.
Wide range of investigations into money laundering through casinos
Sibella’s conviction coincides with an extensive investigation by the US Department of Justice into illegal gambling practices in Southern California. The investigation focuses on money laundering through casinos in Las Vegas.
Online activities
Bet MGM opened its online doors in the Netherlands in April. The company, based in the United States, obtained a license in March 2024 through its subsidiary 21 Heads Up Limited. 21 Heads Up Limited is part of the LeoVegas Group, which has operated under parent company MGM Resorts since 2022.