Fontainebleau Las Vegas is investigated by the Nevada Gaming Control Board for issuing credit to players who may have violated the Banking Secrets Act against the money.
The survey was unintentionally revealed during testimony to Fontainebleau President Maurice Wood’s application for license as a key manager for the property.
Wood was ultimately a license in a unanimous vote, but not before commissioners placed a two -year restriction on the license that will require him to return to another appearance in 2027.
Commissioners were provided information about the investigation in a report that dealt with Woods license, but ongoing investigations are usually not revealed publicly. During the hearing, commissioners discussed an audit that discovered irregularities in the issuance of credit by Fontainebleau owners. Wood is not an owner, but commissioners were worried about whether he knew about the credit publishing.
Commissioners deep in Wood’s term as CEO of Wynn Las Vegas, who was disciplined by its failure to investigate allegations of abuse before the departure of former chairman and CEO Steve Wynn 2018. Steve Wynn has ever denied anyone.
The discussion about the investigation was suddenly closed by the chairman of the Gaming Control Board Kirk Hendrick.
“This is currently under investigation and it is therefore confidential by law,” Hendrick said. “So I don’t want to go deeper into this issue until the board has the opportunity to review it and of course talk to the licensee.”
The survey comes at a time when state gaming regulators are particularly concerned about money laundering issues after fines three strip properties-MGM Resorts International, Genting Group, Operators of Resorts World Las Vegas and Wynn Resorts Ltd.-over complaints related to players who play illegally on Las Vegas.
Throughout Thursday’s meeting, commissioners often reminded prospective license holders to keep compliance with the money.
During the testimonies, commissioners indicated that the investigation of the investigation touched them sufficiently to consider voting against Wood’s license, but they ultimately agreed with it with the two -year restriction.
Wood’s lawyer suggested to commissioners that it would have been unfair to him to deny licenses on a separate issue that has not been resolved.
“Regarding the investigation of Wood’s application for key people, this question was never asked (questions about credit publishing),” said lawyer Dan Rease. “So the ability to respond to it was eliminated until today. I believe that in all respects from having treated the agents that the application investigation for his probability and skill for this license is clear.”
Contact Richard N. Velotta at rvelotta@ theplayerlounge.com or 702-477-3893. Follow @rickvelotta at X.
