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HughBeaumont

HughBeaumont's Journal
HughBeaumont's Journal
November 22, 2014

Wynn Resorts probed on money-laundering controls (Haa haaaaa)

http://finance.yahoo.com/news/wynn-resorts-probed-money-laundering-194400825.html

Federal authorities are investigating whether casino operator Wynn Resorts Ltd. violated money-laundering laws, according to people familiar with the matter.

The criminal probe comes as U.S. authorities step up their scrutiny of casinos’ efforts to prevent money laundering. Regulators have long been concerned about vulnerabilities at casinos, which are complex financial institutions that conduct a large amount of cross-border and cash transactions. Wynn, which is run by casino entrepreneur Steve Wynn, is the third major Las Vegas casino company in recent years known to be investigated for possible violations of money-laundering laws.


Steve Wynn, CEO of Wynn Resorts (their stock rose nearly a thousand percent at one point since 2009), frequently makes boilerplate CNBC-ready statements about how President Obama is "bad fer bizness in general". Well, I guess we know how they're doing so well . . . .

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Member since: Fri Aug 13, 2004, 03:12 PM
Number of posts: 24,461

About HughBeaumont

If anyone's wondering why I haven't been here much lately, it's because I feel no one is learning anything from 2016. Neoliberalism is a thing and it doesn't win elections in the 21st Century. People want a candidate that's going to take strong, non-waffling stands on human rights the rest of the world enjoys. Enough living in the goddamned Reagan 1980s. Enough taking solar panels off the roof. Enough introducing more rightwingedness into American economics. Enough medical bankruptcies. Enough governing by mythology. Enough science denial. Enough of spitting on women, children, veterans and the LGBTQI community. Enough kicking the can. ENOUGH. America needs to move past it's "everything has to be about making a buck" bullshit. I'd prefer a candidate not born during the FDR/Truman administrations. No offense, but you had your time . . . and you got us Trump. Plus, I can't take another one of these still-Capitalist Boomer codgers yap on about "bootstraps" when college now costs a mortgage, necessity costs have been outpacing wage growth for 20 years and automation promises to kill more jobs than it creates. I don't want to hear what is or isn't "politically achievable". Kick-the-Can economics was never asked "How is it going to be paid for?". Tax Cuts for the rich were never given a spending limit. Folly wars were never asked "Why is this necessary?". Corporate Pork by the billions was and is always approved. America's safety net needs to be greatly expanded and retirement age needs to be drastically lowered. This country throws out far too many people that still have a decade or two of prime contribution left. If life doesn't get fairer for you or I pretty goddamned quickly, we aren't going to have much of one.
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