Nevada Gaming Control Board – FairOdds Network

April 10, 2025

Kalshi stays live with sports markets in Nevada after winning injunction

It is game on for Kalshi's ability in Nevada and across the US to take bets on contests such as The Masters.

US District Court Judge Anthony Gordon provided a detailed ruling that expanded on his decision of Tuesday night (8 April) to grant Kalshi’s motion for a preliminary injunction against the Nevada Gaming Control Board regarding the offering and trading of sporting-event contracts.

“Kalshi has shown a likelihood of success on the merits,” wrote Judge Gordon in the 17-page ruling. “Conversely, the defendants have not shown a likelihood of success on their countermotion for injunctive relief, so I deny their motion.”

It was another legal victory for Kalshi, following a key win in the US Court of Appeals last October over the Commodity Futures Trading Commission (CFTC). That ruling allowed it to offer election contracts in the run-up to the 2024 US presidential election. The CFTC has appealed that decision to the DC Circuit Court of Appeals and a verdict could have an impact ..

March 21, 2025

Resorts World Las Vegas agrees to pay second-largest fine in Nevada gaming history

If approved, the $10.5 million fine over the casino's purported AML failures will be the largest in Nevada history behind a 2019 fine against Wynn Resorts.

The Nevada Gaming Control Board (NGCB) entered into a proposed stipulation for settlement with Resorts World Las Vegas (RWLV) on Thursday (20 March) in the latest chapter of a comprehensive investigation that has ensnared the bookmaker of Shohei Ohtani’s former interpreter.

The proposed settlement was reached months after the NGCB issued a 12-count complaint against RWLV stemming from the property’s purported anti-money laundering (AML) deficiencies. Given the enormity of the probe, questions arose of whether the NGCB would impose the largest fine against a casino in state history.

The stipulation includes a fine of$10.5 million (£7.7 million/€9.2 million), payable to the Nevada general fund. The proposed monetary penalty pales in comparison to a $20 million fine Wynn Resorts received in 2019 over the company’s failure to i..

December 13, 2024

Ex-casino exec Sibella to have Nevada gaming licence revoked

The Nevada Gaming Control Board (NGCB) today (13 December) announced a tentative agreement with former MGM Grand and Resorts World executive Scott Sibella, who in January pleaded guilty to failing to file a suspicious activity report while at the MGM Grand.

Sibella is so far the only person involved in a far-reaching illegal sports betting ring to be sentenced.

Wayne Nix, whom Sibella extended credit to despite having knowledge that he ran an illegal book, Mathew Bowyer, who had up to 700 customers playing at his illegal book, and Ippei Mizuhara, the Japanese language interpreter who stole $17 million (£13.4 million/€16.1 million) from baseball superstar Shohei Ohtani to gamble, all await sentencing. The cases are playing out in US District Court in Southern California. All three defendants pleaded guilty and face varying amounts of prison time and fines.

Nix’s sentencing is set for 26 March 2025, Bowyer’s sentencing is set for 7 February 2025 and Mizuhara’s sentencing is schedule..

December 4, 2024

Las Vegas Strip revenue slides 3% in October for fourth straight YoY decline

October gambling revenue figures released today (4 December) by the Nevada Gaming Control Board (NGCB) showed that the state brought in $1.28 billion (£1 billion/€1.2 billion) in gross gaming revenue (GGR) for the month, a year-over-year decline of just over 2%.

Figures for the Las Vegas Strip were the highlight of the report, but not for good reasons. The Strip’s October GGR total of $692 million was a 3% drop year-over-year. That’s the fourth consecutive month of year-over-year declines for America’s gaming capital, which had its best year ever in 2023. For the fiscal year-to-date, the Strip is down more than 6%.

Strip slot revenue ($428.3 million) was up 5.5%, but table games (-14.5%) were tricky again in October. Baccarat revenue, which has become a boom-or-bust category that spurred records last year, plummeted 23.4% to $68.7 million. The Strip is down 33% on the game in the last three months.

Downtown Las Vegas had the worst month of all the southern Nevada markets. Its GGR..

August 31, 2023

Nevada posts record monthly win in July

Nevada generated record gaming win of $1.4bn (€1.3bn/£1.1bn) in July fuelled by a lucrative month for the famous Las Vegas Strip.

Figures released by the Nevada Gaming Control Board, show total gaming win posted by casinos and sportsbooks was up 6.7% on July 2022. Nevada’s gaming sector has now generated gaming win of more than $1bn for 29 consecutive months.

The figures were driven by the state’s second-highest table game revenue total for a single month at $513.1m. This was up more than 7% year-on-year.

Revenues on the Las Vegas Strip came to almost $834.9m, up by 7.9% compared to the same period in 2022 and an increase of 14.8% on the $727.3m reported during June.

July’s revenues were an all-time record for the Las Vegas Strip, outperforming the previous record of $792.6m set in July 2021.

Nevada sports betting operators reported $25.3m in revenue, representing an increase of 55.7% compared to July 2022. Mobile and online betting accounted for 65.7% of all sports wagers during ..

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Tag: Nevada Gaming Control Board