Caesars $1.5 Million Nevada Fine Approved by State

Last week the Nevada Gaming Commission approved a large $1.5 million fine against Caesars Entertainment for violating 15 money laundering laws at their Caesars Palace Casino.

The violations related to the fine reportedly occurred over a 3 month period in 2012 and saw 37 instances of non-compliance with state and federal anti-money laundering violations. The casino group was chastised by NGC Chairman Tony Alamo Jr. who said, "You shot yourselves in the foot with this one. We make mistakes, but let's not repeat this one."

The fine is the largest in the history in the state of Nevada and the company claims that they have taken extensive efforts to comply with anti-money laundering laws moving forward. Last week it was revealed that Caesars had agreed to pay $1.5 million to the state of Nevada in fines as well as $8 million to the federal government.

Casino Listings will update this story as more developments arise.

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