Resort Pays
Fine after Violating Regulation
A Strip casino has paid a
fine for violating gaming regulations involving
money-laundering.
The Nevada Gaming Commission on Thursday approved
a settlement in a complaint filed against the Mandalay
Bay Resort earlier this month by the state attorney
general's office on behalf of the state Gaming Control
Board.
MGM Mirage, which owns the resort, agreed to pay
a fine of $25,000 -- the minimum amount allowed
by statute -- to settle the incident that occurred
in March.
MGM Mirage officials admitted to the allegations
stated in a one-count complaint signed by Gaming
Control Board members July 15.
According to the complaint, a Gaming Control Board
audit agent made a front-money deposit of $4,600
to the main casino cage on March 4. The deposit
consisted of 165 $20 bills and 13 $100 bills, the
complaint said.
When the agent returned March 7 to withdraw the
deposit, he was given 46 $100 bills.
The action was part of a routine Regulation 6A
audit. Under state regulations designed to prevent
money-laundering, casinos are required to return
the same currency when holding a deposit.
MGM Mirage, which acquired Mandalay Bay in a deal
that closed in April, did not dispute the matter
and paid the fine in advance of Thursday's settlement
consideration.
|
