LAS VEGAS (KLAS) — Nevada gaming regulators and Wynn Las Vegas have agreed to a proposed $5.5 million fine related to money laundering violations that were revealed during a 2024 investigation.
A news release on Thursday from the Nevada Gaming Control Board (NGCB) indicates that the settlement could be approved at the May 22 meeting of the Nevada Gaming Commission. The proposed settlement dictates specific conditions to be put on Wynn’s gaming license, as well as remedial measures, training and employee awareness of anti-money laundering requirements.
Wynn Las Vegas forfeited $130 million to federal authorities and admitted to allowing unlicensed money transfers to gamblers at the Las Vegas Strip resort in 2024.
A non-prosecution agreement between Wynn Las Vegas and the U.S. Attorney’s Office for the Southern District of California contained information cited in the NGCB complaint against Wynn Las Vegas, LLC. Those included:
-
Unsuitable methods of operation arising from activities related to unregistered money transmitting businesses
-
Facilitating international monetary transactions
-
Allowing proxy betting and other prohibited monetary transactions
Former employees allowed international customers to gamble money obtained through these transactions. In some instances, wagers were placed for other customers in violation of Wynn’s Anti-Money Laundering (AML) Compliance Program, according to the NGCB news release. That constitutes a violation of Wynn’s gaming license.
“Upon resolution of the federal case, NGCB Enforcement Agents completed a separate regulatory investigation and received full cooperation from Wynn LV througout the investigation,” according to the NGCB.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
For the latest news, weather, sports, and streaming video, head to KLAS.