The Nevada Gaming Commission voted Thursday to approve a stipulated fine against Caesars Palace, which allowed illegal bookmaker Mathew Bowyer to gamble for years, despite his lack of a verifiable source of funds and with knowledge that he may be a bookie.

“I want to state clearly the way our AML (anti-money laundering) program operated in this instance was unacceptable,” Caesars Entertainment Chairman of the Board Gary Carano told the commission.

“We never sacrifice compliance for revenue,” Caesars CEO Tom Reeg said. “There is no customer that’s worth illegitimate profits. We didn’t catch Bowyer and we should have. Full stop.”

The $7.8 million fine is three times the amount that Bowyer lost gambling at Caesars, according to Nevada Current .

“So any notion or concern that Caesars wil

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