Wynn Resorts said Friday it has reached a “non-prosecution agreement” with the U.S. Department of Justice and will forfeit $130 million to resolve a 10-year-old investigation into transactions at Wynn Las Vegas that were related to foreign customers facilitated by now former employees of the Strip resort.
The payment is not a fine but is the largest penalty a Nevada gaming company has paid to the Justice Department to settle an investigation. In 2013, Las Vegas Sands Corp. paid $47.4 million to the U.S. government to avoid criminal charges over alleged money laundering activities.
In a filing with the U.S. Securities and Exchange Commission, the casino operator said the payment comes from the funds involved in the transactions.
