Resorts World Las Vegas Fires CEO Scott Sibella amid Investigation
LISTEN TO THIS ARTICLE:On Friday, a new GM was appointed to oversee the operations of Resorts World Las Vegas. The change comes as the casino's CEO, Scott Sibella, was let go due to what the company has said are violations of his employment contract.
New Era for Resorts World Las Vegas
The resort, with 3,500 rooms and one of the most advanced casinos in Las Vegas, will now be led by Chief Financial Officer (CFO) Peter LaVoie. Genting Berhad, a multinational conglomerate from Malaysia and the owner of Resorts World properties in Singapore, New York and Vegas, confirmed the appointment.
Having been in the position of CFO since March 2020, LaVoie brings with him over two decades of experience at MGM Resorts International. In that role, he handled diverse financial responsibilities for several properties located on the Strip.
Resorts World has recently unveiled an innovative cashless gaming system, courtesy of Sibella. Through collaborations with five prominent gaming technology providers, it has developed a cutting-edge payment program that extends beyond just gaming to encompass all activities within the resort.
This includes everything from business ventures to dining experiences and entertainment. This partnership has also brought Hilton Hotels Corp into the mix, with an exclusive franchise agreement that ensures a selection of rooms and suites are reserved for members of the Hilton Honors program, which currently has 115 million active customers.
Controversial Past
In February, Sibella received a clean bill of approval from Nevada gambling authorities, concluding a thorough investigation that focused on the connection between Resorts World Las Vegas and a restaurant belonging to a convicted felon. Nevada gaming rules prevent former felons from owning more than 10% of any asset tied to a casino.
That decision came a year after authorities, based on sworn testimony by Brandon Sattler, began looking into the property and Sibella. Sattler was a known Vegas gambler who, at the time, was under investigation for fraud.
Last month, Sibella became the subject of another investigation, this time at the federal level. Federal authorities are investigating alleged misconduct occurring at multiple Las Vegas casinos, looking into accusations of collusion between bookies and executives.
There are allegations that both current and past hotel staff utilized casino funds to finance gambling activities. Additionally, casino executives allegedly shared sensitive customer information with an illicit gambling syndicate, which has thrived for nearly two decades.
Sibella's name has been added to the list of those possibly involved. Nonetheless, authorities are currently probing the matter, and no charges have been filed.
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