Overview
- The Nevada Gaming Commission approved the settlement in a 4-1 vote, with Commissioner Rosa Solis-Rainey dissenting over the size of the penalty.
- The agreement resolves a Nov. 13 complaint and requires strengthened anti-money-laundering controls at Caesars’ Strip hotels, Reno properties, and managed tribal casinos in California, with no admission of wrongdoing.
- The case is the third tied to Bowyer this year, bringing combined fines for Caesars, Resorts World, and MGM to $26.8 million.
- Regulators said Caesars designated Bowyer as high risk in 2019 yet failed to verify his source of funds as he wagered and lost millions between 2017 and 2024; he was banned by the company in January 2024.
- Caesars CEO Tom Reeg apologized and pledged stronger compliance, while Control Board Chair Mike Dreitzer said the fine is roughly three times Caesars’ win from Bowyer and reflected the company’s 2020 ownership change.