Caesars Entertainment Investigated for Money-Laundering

By: Chris Woodgate     Date: 24th October 2013

Caesars Entertainment is at the centre of an ongoing federal investigation into money-laundering

Caesars Entertainment is at the centre of an ongoing federal investigation into money-laundering

Online and land-based casino operator Caesars Entertainment announced this week that it was being made subject to a federal investigation into money-laundering in two US states.

Online and land-based casino operator Caesars Entertainment announced this week that it was being made subject to a federal investigation into money-laundering in two US states.
It has been alleged that Caesars Entertainment withdrew from a project that was taking place in Boston and finished a hotel licensing deal in Las Vegas after federal investigators from the state of Massachusetts advised that the operator be denied a licensing permit.
The federal investigators from Massachusetts stated that the reason behind their advice was based on matters concerning Caesars Interactive Chief Executive Officer Mitch Garber, who has previously been in the role of CEO for PartyGaming.
It has been alleged that PartyGaming accepted bets from within the US before the introduction of the Unlawful Internet Gambling Enforcement Act of 2006. It has not been confirmed whether the investigation relates solely to actions carried out by Garber or which period of time is being investigated.
A statement from Caesars Entertainment read “Governmental authorities have been increasingly focused on anti-money laundering policies and procedures, with a particular focus on the gaming industry.” Online and land-based casino operator Caesars Entertainment announced this week that it was being made subject to a federal investigation into money-laundering in two US states.

It has been alleged that Caesars Entertainment withdrew from a project that was taking place in Boston and finished a hotel licensing deal in Las Vegas after federal investigators from the state of Massachusetts advised that the operator be denied a licensing permit.

The federal investigators from Massachusetts stated that the reason behind their advice was based on matters concerning Caesars Interactive Chief Executive Officer Mitch Garber, who has previously been in the role of CEO for PartyGaming.

It has been alleged that PartyGaming accepted bets from within the US before the introduction of the Unlawful Internet Gambling Enforcement Act of 2006. It has not been confirmed whether the investigation relates solely to actions carried out by Garber or which period of time is being investigated.

A statement from Caesars Entertainment read “Governmental authorities have been increasingly focused on anti-money laundering policies and procedures, with a particular focus on the gaming industry.”

 

 

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