Wynn Las Vegas has agreed to pay a $5.5 million fine after the Nevada Gaming Control Board filed a disciplinary complaint, making it the third Las Vegas casino operator this year to be penalized over issues tied to anti-money laundering violations.
According to a news release from the Nevada Gaming Control Board on Thursday (May 15), the fine is part of a proposed settlement between the board and Wynn Las Vegas. The complaint, which was filed at the same time as the settlement agreement, accuses Wynn of using “unsuitable methods of operation.”
The @NevadaGCB issued the following news release today. pic.twitter.com/XYe6Jx51nV
— Nevada Gaming Control Board (@NevadaGCB) May 16, 2025
The claims suggest that Wynn Las Vegas allowed unregistered money transmitting businesses, proxy betting, and other types of transactions that aren’t allowed. The activities first came to light in September, when they were detailed in a non-prosecution agreement between Wynn and the US Attorney’s Office for the Southern District of California.
The NGCB stated that “former employees of Wynn LV allowed international patrons to obtain and/or transfer money improperly for the purposes of wagering, and also allowed wagers to be placed for other patrons at Wynn LV in violation of the gaming licensee’s Anti-Money Laundering Compliance Program.”
While the federal investigation was underway, Wynn reportedly kept state gaming regulators in the loop and fully cooperated with the Nevada Gaming Control Board’s follow-up regulatory review. The NGCB confirmed, “Wynn LV kept NGCB agents apprised of the matter. Upon resolution of the federal case, NGCB Enforcement Agents completed a separate regulatory investigation, and received full cooperation from Wynn LV throughout the investigation.”
Wynn Las Vegas agrees to pay fine to Nevada
As part of the proposed settlement, Wynn Las Vegas has agreed to pay the multimillion-dollar fine to Nevada’s General Fund and has also committed to putting a number of corrective measures in place. “The majority of the conditions and remediations focus on enhancements to Wynn LV’s AML Program, as well as additional training and employee awareness of AML requirements,” the NGCB noted.
Speaking to ReadWrite, Wynn Resorts spokesman Michael Weaver explained that the company chose to settle with gaming regulators because the violations were “undertaken by individuals with whom we severed ties years ago.” He also said Wynn accepts responsibility for what happened and is “glad the matter will soon be fully resolved.”
In March, the board upheld a major $10.5 million fine against Resorts World Las Vegas after the casino was accused of failing to prevent money laundering. They allegedly ignored illegal bookmakers working right on the property. Then just last month, MGM Resorts agreed to pay $8.5 million for a similar offense, with many of the same individuals involved in both cases. While the fine for Wynn isn’t related to those earlier incidents, it adds to the growing list of regulatory troubles hitting the heart of America’s gambling industry.
The Nevada Gaming Commission is set to review and vote on the proposed settlement at its upcoming meeting on May 22, 2025, in Las Vegas. Representatives from both Wynn Las Vegas and the Nevada Attorney General’s Office are expected to attend to go over the terms and answer any questions.
UPDATE: Wynn Las Vegas comments added to article on May 20th, 2025.
Featured image: Alexander Migl via WikiCommons 4.0 license
