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NY betting regulator raises concerns over scandals at Wynn and Resorts World Vegas in light of pending casino bids


Two major bidders, Wynn Resorts and Resorts World, vying for New York City’s casino licenses are facing potential roadblocks due to recent betting scandals in Las Vegas. Wynn Resorts agreed to a $130 million settlement to resolve unauthorized foreign money transfers at its Wynn Las Vegas casino, while Resorts World allegedly violated anti-money laundering laws by doing business with illegal bookmakers. These issues have raised concerns among New York State Gaming Commission officials. Despite the scandals, the Gaming Commission has not ruled out granting licenses to these bidders.

The commission is emphasizing the importance of integrity and compliance with gaming rules in its selection process. While the scandals may not necessarily disqualify the bidders, it sends a message that no favorites will be chosen. State gaming regulators are considering awarding up to three casino licenses in the NYC region by 2025. The concerns surrounding Wynn Resorts and Resorts World could benefit competitors like Las Vegas Sands and a proposed casino project by Mets owner Steve Cohen.

The potential impact of the scandals on the bidding process has sparked interest and concern in the casino industry. Despite the challenges these bidders face, the commission remains committed to ensuring transparency, integrity, and compliance in the selection of license holders. As the process moves forward, the outcome remains uncertain, but the issues raised by the scandals show the importance of accountability and adherence to regulations in the gaming industry.

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