Wynn Resorts is under investigation for potential money-laundering law violations, according to a new report from Dow Jones.
Quoting individuals familiar with the matter, Dow Jones reported that Manhattan and Las Vegas U.S. Attorney's offices are investigating the company in conjunction with the Internal Revenue Service and the Drug Enforcement Administration.
The company, which is run by casino mogul Steve Wynn, saw stock dropped more than 2 percent after the story came out.
Wynn Resorts is under investigation for potential money-laundering law violations, according to a new report from Dow Jones.
Quoting individuals familiar with the matter, Dow Jones reported that Manhattan and Las Vegas U.S. Attorney's offices are investigating the company in conjunction with the Internal Revenue Service and the Drug Enforcement Administration.
The company, which is run by casino mogul Steve Wynn, saw stock dropped more than 2 percent after the story came out.
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"We are not aware of any criminal investigation of the company and no agency has notified the company that it is under any investigation," a Wynn spokesman told CNBC. "The fact that information is requested from us by a governmental agency in no way implies the accusation of any wrongdoing by the company."
The Nevada U.S. Attorney's Office told CNBC that it is not able to confirm or deny any investigation into Wynn Resorts, citing Department of Justice policy.
According to the report, Wynn Resorts is the third major Las Vegas casino firm to come under money-laundering investigation recently.
Poster Comment:
I think the Dems are looking to 2016. They are taking out big time Republican Jewish donors. But that might be good for those of us who want to run an anti-Israel candidate in the primaries.