Wynn Resorts probed on money-laundering controls (Haa haaaaa)

[HughBeaumont]

http://finance.yahoo.com/news/wynn-resorts-probed-money-laundering-194400825.html

Federal authorities are investigating whether casino operator Wynn Resorts Ltd. violated money-laundering laws, according to people familiar with the matter.

The criminal probe comes as U.S. authorities step up their scrutiny of casinos’ efforts to prevent money laundering. Regulators have long been concerned about vulnerabilities at casinos, which are complex financial institutions that conduct a large amount of cross-border and cash transactions. Wynn, which is run by casino entrepreneur Steve Wynn, is the third major Las Vegas casino company in recent years known to be investigated for possible violations of money-laundering laws.

Steve Wynn, CEO of Wynn Resorts (their stock rose nearly a thousand percent at one point since 2009), frequently makes boilerplate CNBC-ready statements about how President Obama is "bad fer bizness in general". Well, I guess we know how they're doing so well . . . .

[truebluegreen]

1. How surprising. Not.

Some years ago Poor Steve Wynn was building a house for himself in Sun Valley ID...a number of people we knew were subcontractors on the project. As I recall after completion, and after agreeing to prices up front, his project manager beat everyone down on their final payments (15 or 20% overall) because he could, and because they didn't have the wherewithall to fight it. I'm sure that was without his knowledge though.

Scum.

This country is sick.

[Anansi1171]

2. Ha! is right. Steve, you'll need a wet blanket to hide your...

....face under? Schmuck!

Great username. Wheres Tony Dow and Jerry Matthers?

[a kennedy]

3. I think I saw a expose on him, and thought I heard he was going blind.....

http://bigstory.ap.org/article/steve-wynn-u-iowa-path-toward-blindness-cure guess this answers that.