Caesars investigated by Financial Crimes Enforcement

Oct 21, 2013 7:06 PM

In the wake of the weekend’s announcement in Massachusetts, Caesars Entertainment Corp. reported in a regulatory filing that the company is being investigated by the Financial Crimes Enforcement Network of the U.S. Treasury Department.

Being reviewed by a Grand Jury are possible violations of the Bank Secrecy Act at Caesars Palace on the Las Vegas Strip.

It was not known whether the current investigation was part of the consideration made by the Massachusetts Gaming Commission when they recommended that Caesars Entertainment Corp. not be licensed for the Suffolk Downs Casino in East Boston.

The investigating agency, according to the filing, is considering whether to assess a civil penalty or take enforcement action.

The company reportedly was notified of the investigation on Oct. 11.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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