Former MGM Executive Pleads Guilty to Illegal Gambling Charges

The charges are related to Sibella’s term as president of the MGM Grand in Las Vegas from 2010-19. An investigation revealed that during that time Sibella allowed former minor league baseball player Wayne Nix to gamble at his casino in violation of anti-money-laundering (AML) laws. It was also discovered that at the time of the illegal activities Sibella knew that Nix was operating an illegal sports-betting business.

In his now released plea agreement, Sibella stated that he provided Nix with hotel stays and covered the cost of golf trips with high-rollers from the MGM and senior executives of the company. This allowed Nix to find new clients.

Previously in 2022, Nix admitted to participating in a conspiracy to run an unlawful gambling operation and to submitting an inaccurate tax return. With a potential prison sentence of up to eight years, his sentencing is set for March 6th.

Resorts World Sacking

In 2019, Genting Group, the owner of Resorts World, appointed Sibella as the president of the resort. Under his guidance, the incomplete $4.3 billion venture was finished in two years. During this time he successfully integrated the Hilton, Conrad, and Crockfords brands into the group.

Sibella announced that he was fired in September 2023, after informing Genting officials about an investigation by the Justice Department. Resorts World, at that time, stated his termination was due to the violation of company policies and his employment contract terms.

Prior to his role at Resorts World, Sibella the presidency at the MGM Grand and The Mirage. He also held executive positions at Treasure Island, Tropicana, and the Golden Nugget.

Sibella Statement

Sibella said in a statement emailed to the Las Vegas Review-Journal:

As this process comes to a conclusion, I look forward to continuing to provide my knowledge, skills and insights to support the continued growth, evolution and professionalism of the gaming industry.”

MGM Hit with Fine

In less than a month, gambling industry fines for 2024 now total more than $15 million. In 2023, financial penalties for the year grew by 42.3% year-on-year to a record-breaking $442.6 million (€402 million/£347.7 million).

Olivia Richardson

Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.