Former MGM Grand and Resorts World president Scott Sibella has been sentenced to one year of probation and fined $9,500 for violating anti-money laundering laws by allowing an illegal bookmaker to gamble millions of dollars at the MGM Grand. Sibella received letters of support from various individuals, including the Sheriff of LVMPD and former MGM CFO William Boasberg. Despite the sentencing, Sibella has no prior disciplinary record in Nevada or New Jersey.
Is Nevada’s ‘gold standard’ of gaming regulation in jeopardy after money laundering cases? Analysis by @howardstutz: https://t.co/pcz4JAiOAr
From @howardstutz — Is Nevada’s ‘gold standard’ of gaming regulation in jeopardy after money laundering cases? https://t.co/dcidandmpf
Is Nevada’s ‘gold standard’ of gaming regulation in jeopardy after money laundering cases? Sibella’s sentencing triggers uneasy feelings created 17 years ago when the Treasury Department increased tracking of casinos’ cash reporting. https://t.co/4jeVKFDAJp @TheNVIndy
Scott Sibella is a felon and the crime he committed was in a casino in which he was a key employee. There was a time in Nevada when this was a “death” sentence to a career, and other licensed executives would keep their distance because he could be an “inappropriate association.”
Executive on probation for giving freebies to a high roller and letting him gamble millions. https://t.co/OY8buoJHnD
ICYMI: “The decision to plead to the single charge, for failing to file a suspicious activity report at MGM Resorts in 2017, was not easily arrived at given the underlying facts and realities in this matter,” Sibella said. https://t.co/GGQrGTCP6x via @NevadaCurrent
Former casino executive Scott Sibella was sentenced to probation and a fine for violating federal anti-money laundering laws when he allowed an illegal bookmaker to gamble at his casino. https://t.co/9CxmEZk8pW
MGM Grand ex-president to be sentenced in money laundering case. https://t.co/je8pW6vG25
Ex-MGM exec Sibella gets probation, $9,500 fine in money laundering case https://t.co/9EhSE5ftAT
Former MGM Grand President Scott Sibella was sentenced for violating the federal Bank Secrecy Act established to prevent money laundering at financial institutions. https://t.co/iVtL9Q4TyC
The former MGM executive admitted he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash. https://t.co/CEwSitRDOl
Former Strip executive Scott Sibella given probation in money laundering case @howardstutz reports: https://t.co/dvLxyWA02L
Former Strip executive Sibella given probation in money laundering case The ex-president of MGM Grand and Resorts World “regrets” and takes full responsibility for his actions. He still faces discipline in Nevada. https://t.co/r0r9ntbtSv @TheNVIndy
A former top executive for major Las Vegas casinos was given a year of probation Wednesday after admitting he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash. https://t.co/2oZcn4iUSB
Former MGM Grand & Resorts World president Scott Sibella was sentenced to a year of probation and fined $9,500 today after admitting he allowed illegal bookmaker Wayne Nix to gamble millions of dollars at the MGM Grand and pay off debts in cash. https://t.co/ZZXdjXJs3V
Former MGM executive Sibella sentenced in federal court https://t.co/2iu1BAv3Fj via @reviewjournal
Sibella gets probation, fine for violating anti-money laundering law at MGM Grand https://t.co/GGQrGTCP6x via @NevadaCurrent
Scott Sibella sentenced in accordance with federal recommendation of one year probation, $9,500 fine. More to come @NevadaCurrent
“In 30 years of work in the gaming industry, in Las Vegas and Atlantic City, Mr. Sibella has never been disciplined by the @NevadaGCB or New Jersey Casino Control Commission,” Scott Sibella’s attorneys wrote in a sentencing memo, filed 4/24. “No fines, suspensions, or timeouts.”
The former president of the MGM Grand casino in Las Vegas is set to be sentenced on a federal criminal charge related to his failure to report millions of dollars in wagers by an illegal bookmaker at his casino. https://t.co/1OWoTr0Ftq
Former Las Vegas casino executive to be sentenced in bookmaking money laundering case https://t.co/KzgQjGKnBz
Former casino exec Scott Sibella, scheduled to be sentenced today on a Bank Secrecy Act violation, has received letters of support from @Sheriff_LVMPD, former MGM CFO William Boasberg, and tech venture capitalist Ben Horowitz. @TheNVIndy @CDCNewswire