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What will be the impact of the DOJ settlement on Wynn Resorts' Q4 2024 revenue?
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Resolution / Starting Odds
Revenue increases by more than 5% • 25%
Revenue remains stable (±5%) • 25%
Revenue decreases by up to 5% • 25%
Revenue decreases by more than 5% • 25%
Wynn Resorts' official financial reports
Story
Wynn Resorts to Forfeit $130.1 Million in DOJ Settlement
Sep 7, 2024, 12:35 AM
Wynn Resorts has agreed to forfeit $130.1 million to settle a Department of Justice (DOJ) investigation into unregistered money transfers by casino patrons. The settlement allows Wynn to avoid criminal prosecution. The investigation, which spanned a decade, focused on transactions facilitated by former employees of Wynn Las Vegas. The company admitted to using unregistered money transmitting businesses to circumvent the conventional financial system. This non-prosecution agreement resolves the DOJ's concerns about illegal transactions involving foreign customers.
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Fines • 25%
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