A source close to Oakley told TMZ, "This is an insignificant matter that will be quickly resolved".
The violation is punishable by up to six years in prison and a maximum fine of $10,000 but Oakley is not expected to serve jail time.
Plane crashes near Ketchikan with 11 aboard In the US state of Alaska crashed a small plane, on Board of which were ten passengers and the pilot. DeSpain says the plane, which had taken off from Prince of Wales Island, was bound for Ketchikan.
Oakley was arrested Sunday at the Cosmopolitan casino-resort on the Las Vegas Strip on suspicion of committing or attempting to commit a fraudulent act in a gaming establishment, the Nevada Gaming Control Board said in a statement. Court records show Oakley is scheduled to appear in court August 7.
Oakley was recently cleared of misdemeanor assault charges stemming from a scuffle with Madison Square Garden security guards a year ago in which he was violently ejected from the stadium during a game.
Oakley, 54, played 19 seasons in the National Basketball Association, most notably as a key contributor to the Knicks over 10 seasons. He has been estranged from the Knicks family over fights with team owner James Dolan, who threw Oakley out of the Garden in early 2017.
Oakley was arrested on three counts of assault for his fight with the security guards and another for criminal trespassing.
The 19-year NBA veteran now is serving as head coach of the Killer 3s in the Big3 summer basketball league.