Posted on 11/22/2014 7:47:31 PM PST by Freedom of Speech Wins
Wynn Resorts under investigation for potential money laundering
by Tom Huddleston, Jr. @tjhuddle NOVEMBER 21, 2014, 11:09 AM EST E-mail Tweet Facebook Google Plus Linkedin Share icons
Federal agencies and offices are reportedly trying to determine if the casino operator violated money-laundering laws.
A range of federal agencies and offices are trying to determine if casino operator Wynn Resorts violated money-laundering laws, according to The Wall Street Journal, which cites anonymous sources.
The Journal says the Internal Revenue Service and Drug Enforcement Administrations are working together with U.S. Attorney’s offices in Manhattan and Las Vegas on an investigation into Wynn Resorts, including what safeguards the Las Vegas-based company has in place to prevent money-laundering. The agencies are working to uncover any potential evidence that Wynn may have violated laws as part of its sports-betting and casino gambling operations.
“We are not aware of any investigation of the company and no agency has notified the company that it is under any investigation,” a Wynn Resorts spokesman said in a statement. “As a highly regulated business we are in a constant dialogue with regulators and governmental agencies on a variety of matters and the fact that information is requested from us by a governmental agency in no way implies the accusation of wrongdoing by the company.”
Wynn WYNN 1.01% is the latest casino operator to find itself the subject of a criminal probe related to money-laundering. The U.S. Treasury Department began investigating Caesars Entertainment CZR 5.81% for possible violations last year in a probe aimed at the company’s flagship Las Vegas hotel and casino, Caesars Palace. And, earlier in 2013, the Las Vegas Sands LVS 1.89% agreed to pay more than $47 million to settle a similar probe that involved that casino’s failure to alert the government after a high-stakes gambler made a series of large, suspicious deposits with the casino.
Editor’s note: This article has been updated with a statement provided by Wynn Resorts.
Wynn On Obama: “I’ll Be Damned If I Want To Have Him Lecture Me”
The last time I checked, Wynn Hotels had no rules against customers keeping firearms in their rooms.
“Harry Reid’s connections have their own Vegas strip casino now a competitor of the Wynn up on the strip a little where the Sahara used to be. Reid’s family member was the lawyer securing the deal.”
Oh, I see, business as usual (these days), then.
Some hotels have policies against guests keeping firearms in their rooms??
Wow!
Ed
Mr Wynn makes NO bones about it.
He hates this jive punk ass magic negro in the white hut.
Is it any wonder obammy has sicced the federal gub mint on him and all his other detractors?
Steve Wynn is an outspoken critic of the obumbler regime... hence the investigaiton... Jamie Dimon of JP Morgn quit contributing to obama and hence the series of JPM investigaitons... obama nazi regime with weasel for atty gen... LAWLESS repubs shoudl establish independent counsel to go after these abuses plus all the past ones... fast+furious, IRS, FBI/CIA/NSA violations, BENGHAZI, and nullify all the illegal international agreements not ratified by the senate, plus curb the war powers... lots to do with the outlaw obama And the crowning glory IMPEACH HIM..and HOLDER...
Crime, Inc., D.C., will not be scorned.
no contest there -
I am just saying that casinos inherently enable shady transactions, and big brother doesn’t like it.
Wish I knew this, or maybe it is better that I didn’t. It might have helped me at the Roulette wheel there. Went house’s way on the almost 50% plays odd/even, red/black, first 18/19-36, a large number of times in a row.
Wynn supported Obama in 08
Then got smart
The hell with Wynn...Someone needs to arrest Al Sharpton.
Would be nice to see if they had him with cause.
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