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Owners of Ceasers Palace in money laundering discussions with authorities

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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Owners of Ceasers Palace in Money Laundering Discussions with Authorities

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