{"id":9178,"date":"2025-05-28T00:20:25","date_gmt":"2025-05-28T00:20:25","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/05\/28\/fontainebleau-las-vegas-under-review-for-credit-practices\/"},"modified":"2025-05-28T00:20:25","modified_gmt":"2025-05-28T00:20:25","slug":"fontainebleau-las-vegas-under-review-for-credit-practices","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/05\/28\/fontainebleau-las-vegas-under-review-for-credit-practices\/","title":{"rendered":"Fontainebleau Las Vegas Under Review for Credit Practices"},"content":{"rendered":"<div>\n<p>The Fontainebleau Las Vegas is now under scrutiny in an anti-money laundering (AML) investigation related to its credit approval practices, according to information unintentionally revealed during a recent Nevada Gaming Commission meeting.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Fontainebleau\u2019s credit procedures are under review in an AML context.<\/strong><\/em><\/li>\n<li><em><strong>The resort <a href=\"https:\/\/igaming.org\/casino-news\/fontainebleau-las-vegas-gears-up-for-grand-opening-in-december\/\">opened<\/a> in December 2023 after years of delays and rising costs.<\/strong><\/em><\/li>\n<li><em><strong>Damien LeForbes, tied to other AML probes, is reportedly involved.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>Owned by Jeffrey Soffer and Koch Real Estate Investments, the $3.7 billion resort is the newest casino on the Las Vegas Strip. The ongoing AML probe came to light during a discussion about the licensing of Maurice Wooden, who became Fontainebleau\u2019s president in January 2024.<\/p>\n<p>During the hearing, Commissioner Rosa Solis-Rainey asked Wooden about credit-related issues at the resort. Wooden replied, <em>\u201cI\u2019m not sure of any investigation as it relates to anything with AML. Is there something specific? I\u2019m not sure.\u201d<\/em><\/p>\n<p>That triggered an abrupt exchange among officials, as the inquiry was considered confidential. Nevada Gaming Control Board (NGCB) Chair Kirk Hendrick quickly intervened and urged the commission to end the discussion. He stated, <em>\u201cI don\u2019t want to go any deeper into this matter until the board has an opportunity to review it and, of course, speak with the licensee.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Despite the uncertainty, the commission granted Wooden a limited two-year license, rather than the unrestricted license originally recommended by the NGCB. Fontainebleau later called the matter an <em>\u201congoing audit\u201d<\/em> and said it was <em>\u201cpleased that Maurice Wooden was found suitable.\u201d<\/em><\/p>\n<p>The investigation appears to focus on internal disagreements over issuing casino credit. Reports suggest that in at least one case, credit was denied by management but later approved by ownership. Five player accounts were audited, and the NGCB raised concerns about three of them, according to Fontainebleau executive Stacy Michaels.<\/p>\n<p>One of those players, per the Nevada Current, was Damien LeForbes. The casino reportedly gave him a $2 million marker in January 2024. LeForbes is an illegal bookmaker and former professional poker player, and he has surfaced in other AML investigations involving major Las Vegas casinos like MGM Resorts and Resorts World. His connection to another bookmaker, Matt Bowyer, further ties him to ongoing scandals across the industry.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/fontainebleau-las-vegas-under-review-for-credit-practices\/\">Fontainebleau Las Vegas Under Review for Credit Practices<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Fontainebleau Las Vegas is now under scrutiny in an anti-money laundering (AML) investigation related to its credit approval practices, according to information unintentionally revealed during a recent Nevada Gaming Commission meeting. Good to know Fontainebleau\u2019s credit procedures are under review in an AML context. The resort opened in December 2023 after years of delays [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9178","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9178"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9178\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}