- Joined
- Jan 14, 2008
- Messages
- 65,576
SOURCE
Caesars Entertainment is the latest entertainment giant to reach a multi-million dollar settlement with the Nevada Gaming Control Board (NGCB) over gambling violations.
Caesars reached a proposed $7.8 million stipulation for settlement with the NGCB for the conduct of illegal bookmaker Mathew Bowyer, who operated an illegal gambling scheme with ties to former MLB interpreter Ippei Mizuhara. Mizuhara stole nearly $17 million from four-time MVP Shohei Ohtani to gamble with Bowyer, leading to the ex-interpreter’s 57-month sentence for bank and tax fraud charges.
Bowyer allegedly used the funds from his illegal gambling operation to gamble at casinos across Las Vegas, including Caesars Palace.
The NGCB’s proposed settlement includes operational changes by Caesars to prevent another gambling infraction. The board noted the company improved its anti-money laundering (AML) program while providing enhanced employee training and education.
The Nevada Gaming Commission plans to discuss the proposed settlement on Nov. 20. The commission can approve the negotiated settlement and explain its terms to Caesars. If approved, proceeds from the settlement will be distributed to Nevada’s General Fund.
“At Caesars Entertainment, integrity and regulatory compliance are paramount,” a Caesars spokesperson told SBC Americas.
Caesars Entertainment is the latest entertainment giant to reach a multi-million dollar settlement with the Nevada Gaming Control Board (NGCB) over gambling violations.
Caesars reached a proposed $7.8 million stipulation for settlement with the NGCB for the conduct of illegal bookmaker Mathew Bowyer, who operated an illegal gambling scheme with ties to former MLB interpreter Ippei Mizuhara. Mizuhara stole nearly $17 million from four-time MVP Shohei Ohtani to gamble with Bowyer, leading to the ex-interpreter’s 57-month sentence for bank and tax fraud charges.
Bowyer allegedly used the funds from his illegal gambling operation to gamble at casinos across Las Vegas, including Caesars Palace.
The NGCB’s proposed settlement includes operational changes by Caesars to prevent another gambling infraction. The board noted the company improved its anti-money laundering (AML) program while providing enhanced employee training and education.
The Nevada Gaming Commission plans to discuss the proposed settlement on Nov. 20. The commission can approve the negotiated settlement and explain its terms to Caesars. If approved, proceeds from the settlement will be distributed to Nevada’s General Fund.
“At Caesars Entertainment, integrity and regulatory compliance are paramount,” a Caesars spokesperson told SBC Americas.
