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Caesars to pay US$20m penalty to government

Source says agreement will settle both charges over anti-laundering lapses and Treasury's civil allegations

Among other lapses, the company's flagship property, Caesars Palace casino in Las Vegas, failed to properly police its sports book activity for wagers placed by illegal betting rings, the source said.

St Louis

CAESARS Entertainment Corp has agreed to pay US$20 million to settle US charges over anti-money laundering lapses and will enter into a deferred prosecution agreement with the Justice Department, says a source familiar with the matter.

The US$20 million penalty, which...

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