Venetian Pays $7.2M Over Bowyer Scandal | Las Vegas News

The Venetian Resort Las Vegas is slapped with a $7.2 million fine for enabling Mathew Bowyer’s illegal gambling empire — a convicted bookmaker who racked up $22.3 million in deposits and lost $3.6 million at the casino between 2019 and 2021. Despite casino staff knowing Bowyer was an illegal bookmaker as early as 2019, lax “know your customer” protocols allowed the scheme to continue. Apollo Global Management, which acquired the resort in 2022, now bears the penalty — adding to a $34 million total in fines across casinos involved. Nevada regulators, spurred by this case, have tightened anti-money laundering rules, prioritizing compliance over commerce. Bowyer himself pleaded guilty, paid $1.6 million in restitution, and was added to Nevada’s infamous Black Book — now on parole. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5a4c715c01defa7e