Flinging Resorts World Las Vegas CEO Scott Sibella to the wolves might not have saved Genting Group‘s bacon—and may have inflicted collateral damage on MGM Resorts International. According to the New York Post, the Sibella revelations have upset the once-universal assumption that Resorts World New York and MGM Empire City were juiced into casino licenses when ones for the New York City area are (eventually) awarded. Contacted by the Post, Genting elaborated on its previous comments in re Sibella by saying that he was given the chop for “failing to disclose certain information required under company policies.” Which deepens the mystery rather than explaining it. Genting’s gnomic statement was not elaborated upon.
Although the Post thinks Genting, by scapegoating Sibella, is out of the woods, new evidence (see below) suggests otherwise. The paper continues, “The picture may be more complicated for MGM, which now may have questions to answer about what happened on Sibella’s watch several years ago.” That’s as it should be … but why would Resorts World, where the malfeasances were more recent, get a free pass? “Ethics is going to be a huge deal in deciding who gets the licenses,” said a Post source. “The ethics and the relationships with the communities where they are putting their casinos is where this is going to be fought and won.”
Continue reading Sibella scandal spreads; Supremes forestall Seminoles
