Vegas scraping bottom; Caesars fined big-time

Caesars Entertainment is the prime offender when it comes to United Kingdom unethical-practice fines for casino companies, dinged to the tune of $17.5 million for “social responsibility and anti-money laundering failings.” William Hill-owned Mr Green had to pony up an additional $4 million. The only other companies with stratospheric fines were Betway ($15.5 million) and Kindred Group ($11.5 million). U.S. regulators should be asking hard questions of Caesars about these fines and why it finds compliance so difficult. The AML deficiency is certainly concerning. So long as “Rain Man” Reeg is cleaning house at Caesars, perhaps he should sack some of the (ir)responsible parties. Hill subsidiary Mr Green—soon to be someone else’s problem—was cited for “Systemic failures in its measures to stop money laundering and problem gambling.” At any rate, Caesars and Hill are now both considerably lighter in the wallet, which is where it hurts the most.