The Nevada Gaming Control Board (NGCB) has suggested a US$5.5-million fine for Wynn Las Vegas LLC, to settle a board disciplinary complaint against the company, a subsidiary of Wynn Resorts Ltd. Wynn Resorts Ltd is also the parent of Macau casino operator Wynn Macau Ltd.
Nevada’s complaint against Wynn Las Vegas stems from a US$130-million forefeit and non-prosecution deal Wynn Las Vegas LLC made last year with United States federal prosecutors after a 10-year investigation. That concerned what the Wynn parent accepted were “unlicensed money transmitting” activites at the Wynn Las Vegas property (pictured) by former employees on behalf of foreign customers.
The Nevada authorities said in a Thursday update, that as well as their own proposed US$5.5-million fine, that under the state-level settlement, “specific conditions” would be placed on the Wynn Las Vegas licence.
There would also be “numerous remedial measures” implemented at the property, including enhancements to the operator’s anti-money laundering (AML) controls, as well as “additional training and employee awareness” on that topic.
Wynn Las Vegas LLC and the board have entered into a “stipulation for settlement”, but it must be agreed at a Nevada Gaming Control Board meeting on May 22, where more details would be given.
“Upon resolution of the federal case, NGCB enforcement agents completed a separate regulatory investigation, and received full cooperation from Wynn Las Vegas throughout the investigation,” said the state body.
Nevada’s own investigation and complaint alleges “unsuitable methods of operation” linked to “unregistered money transmitting businesses,” making possible international transactions, and “allowing proxy betting and other prohibited monetary transactions.”
