Nevada Approves New Boomer’s Sportsbook with Two-Year Oversight Period
Boomer’s Sportsbook opened its fifth Nevada location at Ojos Locos Sports Cantina y Casino on Monday night.
LISTEN TO THIS ARTICLE:The Nevada Gaming Commission unanimously approved the conversion of the William Hill-branded wagering area to Boomer’s earlier this week, clearing the way for the grand opening in North Las Vegas. The move marks the fifth new Boomer’s sportsbook launch since August, part of an aggressive roll-out by the regional operator.
Nevada Regulators Impose Two-Year Revenue Limit
Alongside the green light for the new venue, commissioners endorsed a recommendation from the Nevada Gaming Control Board to impose a two-year restriction on Fifth Street Gaming’s share of sportsbook revenue. Regulators said the temporary limit allows time to confirm the operator has remedied accounting and reporting deficiencies identified in recent audits.
Fifth Street Gaming’s counsel, Dennis Gutwald, acknowledged the company’s audit history during the proceedings. He said a 2023 audit uncovered multiple compliance issues that the property addressed, and a follow-up review in 2025 revealed one persistent finding and several additional problems. Gutwald characterized the errors as the byproduct of a confluence of operational changes – including a major remodel and a migration to a new slot accounting system – and an auditor who lacked sufficient experience across all casino functions at the time.
According to the operator, the discrepancies were financial but modest in scale: one mistake caused an estimated $14,000 overstatement in taxes, another led to a $19,000 understatement, and the net result was roughly $5,000 in additional tax liability plus about $2,000 in interest. Gutwald said the company paid those amounts and is taking steps to prevent recurrence.
Commissioner Brian Krolicki said the two-year limit is a reasonable, measured response. "When mistakes are made, operators must demonstrate they have corrected processes so they do not repeat. The independent reviews and executive oversight required in this period should give regulators confidence that controls are now effective", he said.
Commissioner Rosa Solis-Rainey echoed concerns about the pattern of errors, noting that while the violations appeared unintentional, their systematic nature warranted a probationary period for Fifth Street to prove the fixes are durable.
Related: Nevada Regulators Move to Limit Sportsbook Revenue at Ojos Locos
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Operator Response and Industry Perspective
Fifth Street Gaming CEO Seth Schorr stressed the company’s commitment to compliance and said the organization views the audit findings as an opportunity to strengthen internal controls. He said the lapses stemmed from clerical mistakes and transitional issues rather than intentional misconduct, and that management is enacting tighter oversight and independent review mechanisms.
"We take these matters very seriously. We are implementing semi-annual independent audits and increasing executive involvement in review processes to ensure documentation and reporting meet the standards we expect", Schorr said. He added that the property has operated for nearly two decades without major regulatory problems and intends to maintain that record.
Independent compliance experts said a limited revocation of revenue-sharing privileges is a common regulatory tool in Nevada to ensure prompt remedial action. "A two-year oversight period strikes a balance between accountability and allowing an operator time to prove its corrective measures are effective", said Laura Bennett, a Las Vegas–based gaming compliance consultant. "Regulators gain transparency through periodic independent reviews, while operators can demonstrate sustainable improvements in internal controls and audit readiness."
For patrons of Ojos Locos, the branding change may be most visible as an expanded retail sportsbook with new betting menus and promotional tie-ins. For regulators and investors, the case highlights the scrutiny operators face when system migrations and renovations intersect with financial reporting responsibilities.
The property, formerly known as the Lucky Club, will return to the Nevada Gaming Control Board for a further review at the end of the two-year period to seek continued approval of its sportsbook revenue share arrangements.
Additional Regulatory Detail
As part of the conditions approved by the Commission, Fifth Street Gaming will engage an external auditing firm to perform semi-annual independent reviews and will provide enhanced executive-level oversight of audit preparation and reporting. The Commission said those measures should address the types of errors uncovered and increase confidence in long-term compliance. The two-year limit will be reassessed only after regulators are satisfied that remedial steps are fully embedded into operations.
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