Wynn Las Vegas has reached a settlement with the Nevada Gaming Control Board, and will pay a fine of $5.5 million for violations of anti-money laundering regulations. This makes them the third casino on the Las Vegas Strip to be penalized this year for shortcomings in the area of money laundering prevention.
According to the Nevada Gaming Control Board (NGCB), former employees of Wynn Las Vegas for years allowed foreign players to bet large sums of money in the casino through unauthorized money transactions, without applying the required AML controls.
This occurred through intermediaries, companies, and foreign accounts. Use was also made of so-called “proxy bettors,” third parties who gambled on behalf of others, and of “flying money” constructions, where unauthorized money couriers delivered cash to Wynn customers.
The violations date from 2014 and are in violation of both internal policies and laws and regulations. The case is related to a federal non-prosecution agreement (NPA) from 2023, in which Wynn Las Vegas settled for over $130 million (€117 million) for making money transfers without a license.
The Nevada Gaming Commission will vote on the final approval of the fine for Wynn Las Vegas on May 22, iGB reports.
Earlier this year, Resorts World Las Vegas was fined $10.5 million (€9.66 million) for allowing illegal bookmakers. These were able to gamble at the casino without checks on the origin of their funds. MGM Resorts followed with a fine of $8.5 million (€7.5 million) for similar violations.
In both cases, former baseball players Mathew Bowyer and Wayne Nix, who were active as illegal bookmakers in Las Vegas for years, were involved.
