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Wynn Resorts Receives U.S. Government Request for Information

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Bloomberg) — Wynn Resorts Ltd. said it received a government request for information, though the company is unaware of any criminal investigation.

The Internal Revenue Service sent a letter to Donald Campbell, an outside attorney representing Wynn Resorts, asking for information about the Las Vegas-based casino operator’s top 100 customers from North America and top 50 in each of Asia, Europe and Latin America, the Wall Street Journal reported earlier.

The letter asked for dates of birth, Social Security numbers and other information, as well an organizational chart of Wynn Resorts senior management and specifics about internal money-laundering safeguards, the newspaper said.

Michael Weaver, a spokesman for Wynn Resorts, said the company has “serious doubts” a criminal investigation is taking place.

“No agency has notified the company that it is under any investigation,” Weaver said in an e-mail. “The fact that information is requested from us by a governmental agency in no way implies the accusation of any wrongdoing by the company.”

Grant Williams, a spokesman for the IRS, said the agency is prohibited from discussing specific taxpayers. Campbell, the outside lawyer for Wynn, didn’t respond to a request for comment.

Federal regulators have called on casino operators to more closely scrutinize customers, out of concern for illegal activity. Las Vegas Sands Corp. agreed to forfeit $47.4 million to end a federal money-laundering probe by Andre Birotte, the U.S. Attorney in Los Angeles, last year, without admitting any wrongdoing.

Macau’s anti-corruption agency has said it is examining a land deal by Wynn Resorts in that region’s Cotai Strip. Wynn Resorts has said it is cooperating with investigators there and doesn’t believe it did anything wrong.

Wynn Resorts fell 1.2 percent to $177.85 at the close in New York today. The shares are down 8.4 percent this year.


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