Inside Gaming: High-stakes gambler accuses Strip casino of racketeering in new lawsuit
Summary
A civil RICO lawsuit filed against Resorts World Las Vegas and several individuals alleges a racketeering enterprise operated during the casino’s first year. High-stakes gambler Robert “R.J.” Cipriani and investor James Russell claim the casino, owned by Genting Berhad, tolerated illegal activity and retaliated against Cipriani after he reported suspicious behavior, including an arrest later dismissed. The lawsuit names former executives and alleges improper investments facilitated by attorney David Chesnoff. Resorts World denies the claims, calling the lawsuit a repackaging of old issues. The case draws on previous regulatory fines against Resorts World for AML and recordkeeping failures, and a separate AML violation by a former president. Separately, analysts are optimistic about Wynn’s new resort in the UAE, citing a strong potential customer base and favorable market conditions.
(Source:Las-vegas Review Journal)