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Stock impact report

Former MGM Grand casino president sentenced to probation for not reporting bookie's bets [MSNBC.com]

GENTING BERHAD SPONS ADR (GEBHY) 
NASDAQ:AMEX Investor Relations: genting.com
Company Research Source: MSNBC.com
In this articleResorts World Las Vegas President Scott Sibella speaks during the opening of Resorts World Las Vegas on June 24, 2021 in Las Vegas, Nevada.Ethan Miller | Getty ImagesThe former president of the Grand casinoillegal bookmakerSibella's probationary sentence was in line with the sentence recommended by prosecutors and his defense lawyers."You will never see me in your court again," the 61-year-old Nevada resident told Gee, as he also apologized to family, friends and former employers, the AP reported.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. ResortsThe sentencing comes more than a week after theNevada Gaming Control BoardGaming CommissionSibella, who was president of Grand from August 2017 through February 2019, admitted knowing that a patron of his casino, former minor league baseball playerWayne Nix"Despite this knowledge, Sibella allowed Nix to gamble a Show less Read more
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