Daniel C. Silva, Quoted in Gaming.org
September, 2024 - Los Angeles, California
Sep 10, 2024
By Ricky Grant
Wynn Resorts Settles with Federal Authorities, Agrees to $130M Payment
"Wynn Resorts has agreed to pay $130 million in relation to unlawful international money transfers as part of a non-prosecution agreement that was concluded with U.S. federal authorities. In an important legal development for the massive resort operator, the firm acknowledged that it had let unlicensed money transfer companies to transmit money for gamblers at its famous site on the Las Vegas Strip.
Attorney Daniel Silva, a former federal prosecutor, commented on the investigation, saying, 'The criminal penalty paid by Wynn is the largest in the Department of Justice’s history for a casino.' Silva added that the case involved sophisticated international money transfers, allowing gamblers and Wynn to evade U.S. and foreign laws designed to ensure transparency under the Bank Secrecy Act."
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