Wynn Las Vegas has agreed to pay over $130 million in penalties after a subsidiary was found to have unlawfully utilised unlicensed money transmitters, marking the largest fine ever imposed on a casino for such violations. The exact penalty amounts to $130,131,645.
The U.S. Attorney’s Office reported that Wynn chose to settle in order to avoid prosecution, admitting to the illegal use of unregistered money transmitters to bypass traditional financial systems. Additionally, the investigation revealed other illicit activities, including one employee who executed over 200 transactions totalling more than $17 million.
U.S. Attorney Tara McGrath emphasised, “Casinos, like any business, will face accountability if they permit customers to bypass U.S. laws for profit.”
In connection with this investigation, 15 other defendants have previously pleaded guilty to charges related to money laundering, unlicensed money transmission, and other offences, collectively resulting in fines exceeding $7.5 million.
