Wynn Las Vegas reaches settlement with Nevada regulators, $5.5m fine
The Nevada Gaming Commission could approve the settlement later this month.
Key Points
- An investigation launched last year discovered money laundering violations
- This activity violates the terms of Wynn’s gaming license
Wynn Las Vegas has agreed to pay a $5.5m fine in connection with an investigation launched last year, according to a KLAS local news report.
The investigation revealed money laundering violations, the local report said.
In the settlement, Wynn Las Vegas admitted to “allowing unlicensed money transfers to gamblers at the Las Vegas Strip resort in 2024” and forfeited $130m to federal authorities.
According to a statement released by the Nevada Gaming Control Board (NGCB), the settlement reached by Wynn Las Vegas and Nevada gaming regulators could be approved on May 22.
The Nevada Gaming Commission is scheduled to meet that day.
“Upon resolution of the federal case, NGCB Enforcement Agents completed a separate regulatory investigation and received full cooperation from Wynn LV throughout the investigation,” the NGCB said in a release.
In addition to the fine, specific conditions could also be placed on Wynn’s gaming license that would possibly include training and employee anti-money laundering awareness requirements and remedial measures, according to the local report.
In other company news, Wynn Las Vegas recently welcomed Aristocrat’s House of the Dragon slot game to its casino floor.
The slot debuted at last year’s G2E show in Las Vegas.
Aristocrat created the title in collaboration with Warner Brothers Discovery Entertainment. The game series features several titles inspired by each season of the television series.
Aristocrat Gaming CRO Kurt Gissane commented, “This is a thrilling world premiere of a groundbreaking and exciting new game.
“We’re delighted Steve Toussaint was here to celebrate and elevate the fanfare around the game, accentuating the entertainment factor House of the Dragon slot game offers.”
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