Scott Sibella Firing from Resorts World Las Vegas Could Impact MGM Resorts’ New York Casino License
Posted on: September 18, 2023, 10:55h.
Last updated on: September 18, 2023, 10:55h.
Scott Sibella’s recent dismissal by Resorts World Las Vegas might have consequences for MGM Resorts International’s efforts to secure a casino license in New York City. Sibella, who was previously employed by MGM Grand on the Las Vegas Strip for a decade, is believed to be involved in an illicit sports betting ring, which led to his departure from Resorts World Las Vegas. MGM’s aspirations for a New York casino license could be affected by this scandal.
The New York Post has reported that MGM’s pursuit of a New York City casino license might be troubled by the Sibella scandal. The scandal involves federal law enforcement agencies investigating an illegal sports wagering ring, formerly led by Wayne Nix, a former minor league baseball player. Sibella’s alleged involvement in this ring during his tenure at MGM Grand could hinder MGM’s chances in the bidding process.
Sibella Scandal Could Impact New York Casino Race
New York approved three downstate casinos in 2022 to recover from the financial effects of the COVID-19 pandemic. MGM’s Empire City Casino and Resorts World New York were expected to be part of these permits. The bidding process for the remaining license has become more focused on ethical considerations, making Sibella’s actions potentially detrimental to MGM’s ambitions in New York.
Resorts World’s quick response in firing Sibella could demonstrate their commitment to ethics and integrity, potentially giving them an advantage over MGM in the eyes of New York regulators.
Many Potential Winners
If MGM misses out on a New York casino permit, it would be a significant setback. Other casino giants such as Bally’s, Caesars Entertainment, Las Vegas Sands, and Wynn Resorts are also vying for the licenses. Recent speculation suggests Sands and Wynn were the frontrunners for the remaining license if Empire City and Resorts World New York were to secure the other permits.