The founding President of Genting Berhad’s US$4 billion Resorts World Las Vegas has been let go for allegedly violating company policy.
In a statement sent to media late last week, RWLV announced that Sibella had “left the company, effective immediately … after the company was recently made aware that Mr Sibella violated company policies and the terms of his employment.
“Peter LaVoie, most recently the company’s Senior Vice President and Chief Financial Officer, will serve as President. Peter’s extensive experience and expertise make him the right person to lead Resorts World Las Vegas through this transition.”
RWLV did not provide any details around exactly what policies Sibella violated, however local media is speculating that his departure may be related to a recent Nevada Gaming Control Board (NGCB) investigation into the property’s relationship with a convicted bookmaker, David Stroj. RWLV had self-reported when it learned Stroj may have held a stake in a restaurant within the property run by Stroj’s father.
The restaurant closed in 2022, while Sibella was cleared of any wrongdoing by the NGCB in February of this year.
Sibella, who spent eight years as President of MGM Grand before joining RWLV, is credited with bringing cashless gaming to the Las Vegas Strip property. He was also responsible for its partnership with Hilton Hotels, with the Hilton, Conrad and Crockfords brands all part of the RWLV offering.
Sibella’s replacement, LaVoie, has been CFO since March 2020 and was previously a senior executive with MGM Resorts.
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