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"Resorts World at Risk of Severe Penalties as Money Laundering Accusations Emerge"

The issue of money laundering within the casino and gambling industry has once again come to the forefront, as Resorts World faces potential significant fines. This comes in the wake of recent events, where SkyCity, another leading casino operator, was hit with a staggering $78 million in penalties in both New Zealand and Australia. The latest development in the ongoing battle against financial crime within the sector involves a probe by the Nevada Gaming Control Board into multiple casinos, including Resorts World, over allegations of money laundering in connection with illicit sports betting operations. This investigation serves as a stark reminder of the persistent threat of illicit activities within the realm of gambling and the urgent need for stringent measures to combat them.