Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Caesar’s Palace Says It Is Subject Of Money Laundering Investigations

LAS VEGAS (UPI) — Caesars Palace said in a filing with U.S. regulators that it was cooperating with two investigations into possible money laundering allegations.

In a filling with the Securities and Exchange Commission, the resort company said Tuesday the Financial Crimes Enforcement Network of the U.S. Department of the Treasury had notified the company by letter that it was looking into possible violations of the Bank Secrecy Act by Desert Palace Inc., the subsidiary that operates the resort.

The FCEN was assessing “whether it is appropriate to assess a civil penalty and/or take additional enforcement action against Caesar’s Palace,” the filing said.

The filing also said a separate grand jury investigation was proceeding, as well, the Las Vegas Sun reported.

On a separate issue, the company also said it was backing away from a proposal to become a minority partner of the Suffolk Downs racecourse in Massachusetts.

Caesars said the Massachusetts Gaming Commission had challenged the appropriateness of the company’s involvement in the racecourse, given its previous partnership with Gansevoort Hotel group, which is accused of being connected to Russian crime figures.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Caesar’s Palace Says It Is Subject Of Money Laundering Investigations”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.