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Las Vegas casino Wynn Las Vegas (WLV), a subsidiary of Wynn Resorts, has forfeited $130m as part of a non-prosecution agreement with the US Department of Justice and the US Attorney’s Office for the Southern District of California over unlicensed money transmitting allegations.
According to a US Attorney’s Office statement, WLV forfeited $130,131,645 to “settle criminal allegations that it conspired with unlicensed money transmitting businesses worldwide to transfer funds for the financial benefit of the casino”.
It is also believed to be the largest forfeiture by a casino based on admissions of criminal wrongdoing.
US Attorney Tara McGrath commented: “Casinos, like all businesses, will be held to account when they allow customers to evade US laws for the sake of profit.
“Federal oversight seeks to prevent illegal funds from tainting legitimate businesses, ensuring that casinos offer a clean, thriving, and safe entertainment option.”
Through the non-prosecution agreement, which a..
