The skimming scandals of the mob era exposed catastrophic failures in casino financial controls. The regulatory response created the most intensive audit environment in any American industry—a system that has evolved continuously as technology advanced.

Post-Skimming Reforms

Following the Stardust and Argent scandals, Nevada regulators mandated comprehensive internal control systems. Casinos were required to establish independent internal audit departments, implement count room surveillance, and maintain detailed records of every financial transaction.

The CPA Mandate

External audit requirements became equally stringent. Licensed CPAs with gaming specialization must audit casino finances annually, with specific focus areas including revenue recognition, cage operations, and slot accounting. These audits are reviewed by the Gaming Control Board.

Minimum Internal Control Standards

The development of Minimum Internal Control Standards (MICS) created a regulatory baseline for every aspect of casino operations. From how chips are counted to how markers are issued to how wins are calculated, MICS documentation runs to hundreds of pages.

Modern Compliance Technology

Today's casinos utilize sophisticated systems for real-time revenue monitoring, automated suspicious activity detection, and integrated player tracking. The manual skimming of the mob era would be virtually impossible in a modern regulatory environment.