Wynn Resorts Probe for Possible Money Laundering Tied to Sports Betting

CNBC is reporting that Wynn Resorts is under investigation for possible money laundering, specifically sports betting by high rollers and whether VIPs laundered drug money through the company’s casino.

Wynn Resorts tells CNBC they are not aware of any investigation and the Nevada US Attorney will not comment, however, the IRS reportedly sent Wynn a letter requesting information pertaining to the company’s biggest VIPs.  They also requested information about the staff working in these casinos.

Wynn advised CNBC in a statement that "the fact that information is requested from us by a governmental agency in no way implies the accusation of any wrongdoing by the company."

Wynn is said to be the third casino company in Las Vegas under investigation for potential money laundering.

- Aaron Goldstein, Gambling911.com