Casino company Wynn Resorts Ltd. has agreed to pay $130 million to federal authorities and admit that it let unlicensed money transfer businesses around the world funnel funds to gamblers at its flagship Las Vegas Strip property.

Las Vegas Strip casino admitted to working with unlicensed money transmitters several years ago, which helped gamblers circumvent U.S. financial laws

Wynn Resorts has agreed to pay $130 million to U.S. federal authorities as part of a settlement over illegal money transfers at its flagship Las Vegas Strip property. The settlement, which includes a non-prosecution agreement, resolves charges that the casino giant allowed unlicensed money transfer businesses to funnel funds to gamblers.

United States-based casino developer Wynn Resorts Ltd said on Friday that its subsidiary Wynn Las Vegas LLC had signed a non-prosecution agreement (NPA) with the U.S. Department of Justice (DOJ) and the Attorney’s Office for the Southern District of California.

Wynn Resorts has agreed to forfeit $130 million to settle an investigation by the Department of Justice into unlicensed foreign betting, federal prosecutors announced Friday.

Wynn Resort (NASDAQ:WYNN) disclosed in an SEC filing that the casino company entered into a non-prosecution agreement with the United States Attorney’s Office for the Southern District of California and the United States Department of Justice,

In a landmark decision, Wynn Las Vegas, the renowned Las Vegas casino and a subsidiary of Wynn Resorts, Limited, has agreed to forfeit a staggering $130.1 million to resolve criminal allegations related to illicit financial practices.