The Nevada Gaming Commission approved a $7.8 million fine against Caesars Entertainment over ties to convicted bookie Mathew Bowyer.
Bowyer, described by regulators as a “bad actor” and an “AML wrecking ball,” was central to the decision.
Caesars became the third Las Vegas entity to face fines this year related to Bowyer, following MGM Resorts and Resorts World Las Vegas.
MGM paid $8.5 million, while Resorts World paid $10.5 million for similar anti-money laundering violations.
Bowyer was allowed to frequent casinos for years despite suspicions about his illegal activities.
He was ultimately sentenced to one year in federal prison in August.
The complaint against Caesars linked Bowyer to multiple properties, including Caesars Palace and Harrah’s Resort Southern California.
Caesars Chairman Gary Carano publicly apologized for the company’s role in the incident.
“On behalf of Caesars, our employees, our entire leadership team, our board of directors, I sincerely apologize for our role in the Bowyer incident and the impact it had on the gaming industry of the state of Nevada,” he said.
Regulators explained the fine was calculated as three times the $2.6 million Caesars gained from Bowyer.
Nevada Gaming Control Board Chairman Mike Dreitzer noted that no employees acted intentionally; the issue arose from systematic negligence.
Commissioners debated whether Caesars’ conduct was less egregious than other cases, with Commissioner Rosa Solis-Rainey dissenting.
She argued that the lack of a single employee to blame may indicate higher corporate responsibility.
Commission Chairwoman Jennifer Togliatti supported the settlement, citing staff changes and negotiated stipulations.
Caesars CEO Tom Reeg and CLO Ed Quatmann also appeared, emphasizing that compliance was not sacrificed for revenue.
Quatmann outlined improvements in anti-money laundering procedures since the Bowyer incident, including increased headcount and spending.
Despite the contrition, Caesars did not admit wrongdoing in the settlement.
The case highlights ongoing regulatory scrutiny in Las Vegas and the importance of robust AML protocols.
