Former Casino Exec Faces Sentencing for Turning Blind Eye to Money Laundering

Sibella Guilty of Allowing Illegal Gambling at MGM Grand

Scott Sibella, a former top executive at prominent Las Vegas casinos, is scheduled for sentencing today in a federal court. Sibella pleaded guilty in January to charges of violating anti-money laundering regulations, admitting he allowed a known illegal bookmaker to gamble millions of dollars at the MGM Grand and use cash to settle debts.

Casino Guilty Plea Leads to Settlements

Following Sibella’s confession, both the MGM Grand and the nearby Cosmopolitan of Las Vegas reached agreements with the U.S. Department of Justice to resolve a related money laundering investigation. These settlements require the casinos to pay a combined $7.45 million, undergo an external review, and enhance their compliance measures to prevent similar incidents.

Illegal Bookmaker at the Center of the Scheme

The bookmaker at the heart of this case is Wayne Nix, a former minor league baseball player, who has already pleaded guilty to operating an illegal gambling business and tax fraud. He awaits sentencing.

Prosecutors Detail Sibella’s Actions

According to court documents, Sibella knowingly allowed Nix to gamble using illicit funds generated from his illegal bookmaking operation. Sibella failed to report this suspicious activity to the MGM Grand’s compliance department, allowing Nix to operate freely within the casino.

Sibella’s Career and Ongoing Investigations

Sibella’s career spanned top executive positions at several prestigious Las Vegas casinos, including The Mirage, Treasure Island, and ultimately the MGM Grand. After leaving MGM Grand in 2019, he joined Resorts World Las Vegas before its 2021 opening. However, Sibella was terminated in September 2023 after the company discovered he had violated their policies.

Beyond the federal case, Sibella faces potential repercussions from Nevada casino regulators. The Nevada Gaming Control Board is considering revoking or suspending his state gambling license and imposing a fine of up to $750,000.

This sentencing hearing marks a significant step in a wider federal investigation into sports gambling and potential money laundering activities within the casino industry.