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How will Resorts World Las Vegas's stock price change following the NGCB complaint by end of 2024?
2
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Story
Nevada Gaming Board Files 12-Count Complaint Against Resorts World Las Vegas for Violating Anti-Money Laundering Laws
Aug 15, 2024, 04:37 PM
The Nevada Gaming Control Board (NGCB) has filed a 12-count disciplinary complaint against Resorts World Las Vegas, LLC, and its affiliated companies. The complaint alleges that the casino allowed gamblers with ties to illegal bookmaking and individuals with federal felony convictions to gamble at the property. Additionally, Resorts World Las Vegas is accused of violating federal anti-money laundering laws, which could result in millions of dollars in fines and actions against its gaming license. These allegations have raised concerns about Nevada's reputation for maintaining stringent gaming regulations.
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