AML, compliance and profit in Las Vegas casinos, with investigative journalist Brian Joseph

Brian Joseph, a Las Vegas-based freelance contributor to Casino Reports, talks to the Low Rollers host about his five-part series Compliance Confidential on anti-money-laundering practice in Las Vegas casinos. He explains why so many insiders would not speak and where the pull between compliance and revenue still sits.

In this episode

• Joseph started in late September by reading the complaints, then struggled for some time to find anyone to talk, citing a "culture of secrecy" around Vegas casinos (5:45).

• He notes Nevada regulators also want to promote the industry, and wonders whether that dual role is problematic, pointing to a long-time regulator's talk of regulatory capture (9:40).

• The host says the second part, on Scott Sibella, got the most traction; Joseph thinks Sibella's high profile made him an attractive target for federal law enforcement, and Sibella declined an interview (11:49).

• He expects the problem "will come up again": conflicts between compliance and marketing have not been addressed in any substantive way, and hosts still earn bonuses based on their clients' play (14:12).

• On Resorts World's chief executive saying the company values "compliance over commerce", he thinks "the jury's out" (16:10).

• He does not know if responsible gaming and compliance are compatible with "a publicly traded corporation" that must serve stockholders (18:12).

Episode from Low Rollers by Casino Reports, published on YouTube.