Listen Online - Listen on Mobile Radio.com | Mobile App Info

Las Vegas Sands To Pay $47.4M To Settle Fed Probe

LOS ANGELES (AP) — Casino operator Las Vegas Sands Corp. has agreed to pay $47.4 million after failing to report millions of dollars it gained from a gambler linked to drug trafficking.

The U.S. Attorney’s Office in Los Angeles said Tuesday that it agreed to end its criminal investigation and will not seek an indictment against the casino operator.

The probe found that Chinese-Mexican businessman Zhenli Ye Gon transferred more than $45 million to the Venetian casino between 2006 and 2007.

Investigators concluded that Las Vegas Sands failed to comply with a federal law requiring casinos report suspicious financial transactions involving customers.

In a statement Tuesday, Las Vegas Sands noted its cooperation with the probe was recognized by the government.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live