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Former MGM Grand casino president to be sentenced for failing to report bookie's bets

  • The former president of the MGM Grand casino in Las Vegas is set to be sentenced on a federal criminal charge related to his failure to report betting by an illegal bookmaker at his casino.
  • Scott Sibella pleaded guilty in January to one count of failure to file reports of suspicious transactions required to be made by casinos under the Bank Secrecy Act.
  • Sibella admitted knowing that a patron of his casino, Wayne Nix, ran an illegal bookmaking business, according to the Department of Justice.

The former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon on a federal criminal charge related to his failure to report millions of dollars in wagers by an illegal bookmaker at his casino.

Scott Sibella, the ex-MGM executive, pleaded guilty in January to one count of failure to file reports of suspicious transactions required to be made by casinos under the Bank Secrecy Act. MGM Resorts owns MGM Grand, and more than a dozen other Las Vegas properties, including The Cosmopolitan of Las Vegas.

Sibella's lawyers have asked that the 61-year-old Nevada resident be sentenced to probation, as have prosecutors.

The sentencing comes more than a week after the Nevada Gaming Control Board filed a complaint against Sibella with the state Gaming Commission for conduct underlying the federal criminal case. The new civil complaint is seeking a a fine and action against Sibella's gaming license.

Sibella, who was president of MGM Grand from August 2017 through February 2019, admitted knowing that a patron of his casino, former minor league baseball player Wayne Nix, ran an illegal bookmaking business, according to the Department of Justice.

"Despite this knowledge, Sibella allowed Nix to gamble at MGM Grand

Read more on cnbc.com