LAS VEGAS (KTNV) — The Wynn Las Vegas has agreed to pay the Nevada Gaming Board $5.5 million to the Nevada Gaming Commission for alleged violations of the Nevada Gaming Control Act and regulations of the Nevada Gaming Commission.
On Thursday, the Nevada Gaming Board announced a proposed settlement with Wynn Las Vegas in regards to a complaint alleging that Wynn Las Vegas had participated in activities related to unregistered money transmitting businesses, facilitating international monetary transactions, allowing proxy betting and other prohibited monetary transactions.
The complaint also claims instances where former employees of Wynn LV allowed international patrons to obtain and/or transfer money improperly for the purposes of wagering, and allowed wagers to be placed for other patrons at the Wynn, a violation of the gaming licensee's anti-money laundering compliance program.
In addition to paying a fine of $5.5 million, there are also other conditions and remediations the Wynn must meet, including enhancements to Wynn's LV's anti-money laundering program, additional training and employee awareness of the anti-money laundering requirements.
Channel 13 reached out to the Wynn Las Vegas for comment and this is what they said:
“We are pleased that we have satisfactorily resolved this matter with the Nevada Gaming Control Board. Wynn Resorts is committed to acting with the highest integrity and in full compliance with all laws and regulations governing our industry. The improper actions that are the subject of the settlement, which violated Wynn’s own compliance policies and procedures, were undertaken by individuals with whom we severed ties years ago. We accept responsibility for those actions and are now glad the matter is fully resolved.”
The Nevada Gaming Commission is scheduled for approval on May 22.
