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Owners of Ceasers Palace in money laundering discussions with authorities

3 April 2015

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Caesars Entertainment Corporation is in talks with the Financial Crimes Network of the US Department of the Treasury (FinCen) about the allegations. Commentators say the discussions could end with a fine of between 12 and 20 million dollars for the casino’s owners.

The discussions were revealed in the company’s quarterly filing to the US Securities and Exchange Commission.

A meeting between the casino and government authorities is scheduled for June. The allegations of money laundering first surfaced in October 2013.

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