Home  › News  › Rules and licensing

Resorts world faces lawsuit after firing compliance director

A former compliance director claims the casino fired him for reporting suspicious gambling activities.

Written by the BettingEdgeHub desk, 16 September 2026

Preston Banks filed a federal lawsuit against Resorts World Las Vegas. He claims the casino terminated his employment as retaliation for doing his job. The legal action alleges whistleblower protection violations under federal and state laws. Lawyers representing Banks want back pay and other financial damages.

Compliance officer spots suspicious funds

Banks started working at the property after spending years at a federal financial crimes agency. His complaint notes that he quickly noticed a group of international gamblers using unverified funds. Casino credit applications listed businesses that did not exist or could not be found.

The group of patrons grew significantly over time. Internal records detail activities like credit fraud, coached wagering, chip passing, and minimal gaming. Banks recommended stopping certain third party payments early on, but leadership delayed taking action.

Reports pile up before termination

By September two thousand twenty four, staff had filed over fifty suspicious activity reports on these gamblers. Executives allegedly downplayed the serious nature of the behavior during internal meetings. Banks submitted a thorough report detailing the scheme in September two thousand twenty five.

The casino eventually banned twenty eight patrons and referred unpaid accounts for legal collection. Banks was fired shortly after submitting his final report. Management blamed him for the illegal scheme, and human resources stated the firing decision came from the top executives.