Caesars Entertainment Corp. (CZR) disclosed that federal
regulators, continuing a crackdown on money laundering at casinos, are investigating the unit operating its flagship property in Las Vegas.
US authorities have been increasingly focused on anti-money laundering policies and procedures, with a particular focus on the gaming industry.
In August, Las Vegas Sands Corp. (LVS) agreed in a nonprosecution deal to pay $47 million and change its policies to resolve a federal criminal investigation over noncompliance with a law that requires casinos to report suspicious customer transactions.
After the gambling industry received a stern warning from the Justice Department, casino executives had vowed to beef up their antimoney-laundering procedures.
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