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Wynn Resorts said Friday it has reached a “non-prosecution agreement” with the U.S. Department of Justice and will forfeit $130 million to resolve a 10-year-old investigation into transactions at Wynn Las Vegas that were related to foreign customers facilitated by now former employees of the Strip resort.
The payment is not a fine but is the largest penalty a Nevada gaming company has paid to the Justice Department to settle an investigation. In 2013, Las Vegas Sands Corp. paid $47.4 million to the U.S. government to avoid criminal charges over alleged money laundering activities.
In a filing with the U.S. Securities and Exchange Commission, the casino operator said the payment comes from the funds involved in the transactions. According to the filing, the Justice Department agreed not to fine the company nor bring any criminal charges against Wynn Las Vegas regarding the charges stemming from an investigation that began in 2014.
Most of the money laundering cases, $ can settled with nevada board. Some drag years, this dont know until when...pay money only ..Genting got 25billion..just pay..depend on penalty amount if less then 20m no big deal...large amt 100m above then wait 2 quarters to recover
Bigshot wants to cut loss at a higher price, so ask Guru to give tips to the retailer to buy. Stupid bottom fishing and catching falling knife strategy. High risk High return? Stupid la... High risk High Losses. Hahahahhaha