Legislation

The Venetian Fined $7.2M by Regulators for Illegal Bookmaker Activities

Friday 21 de August 2026 / 12:00

⏱ 1 min read

(Las Vegas).- The Nevada Gaming Commission has fined The Venetian Resort Las Vegas $7.2 million over regulatory failures that allowed convicted bookmaker Mathew Bowyer to gamble millions at the casino between 2019 and 2021.

The Venetian Fined $7.2M by Regulators for Illegal Bookmaker Activities

Regulatory Action in Las Vegas

The Nevada Gaming Commission regulators fined The Venetian Resort Las Vegas $7.2 million for the property’s failure to stop an illegal bookmaker from playing at the casino between 2019 and 2021. The current operators of The Venetian agreed to pay the fine under a stipulated settlement regarding the illegal gambling activities of convicted bookmaker Mathew Bowyer.

Background of the Investigation

A four-count complaint posted to the Gaming Control Board's website revealed that the bulk of the illegal gambling activity took place from 2019 to 2021, when Las Vegas Sands Corp. operated the resort. The Strip complex, which includes the Palazzo, was subsequently acquired by Apollo Global Management as part of a $6.25 billion transaction in February 2022.

High-Stakes Wagers and Compliance Failures

State gaming regulators stated that Bowyer made 30 trips to The Venetian during the three-year period, depositing approximately $22.3 million into the casino. He wagered "millions of dollars and lost at least $3.6 million to the Venetian," according to the complaint. Furthermore, records show that a Venetian casino host knew as far back as 2019 that Bowyer was an illegal bookmaker, highlighting critical failures in adherence to 'know your customer' regulatory expectations for high rollers.

Categoría:Legislation

Tags: Sin tags

País: United States

Región: North America

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