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Sat Aug 8, 2020, 01:18 PM

Hey, bunkerboi pal and ex-RNC treasury deputy Steve Wynn's resort is cooperating fully w/G-men

Official Requests for Information Regarding Possible AML Violations

(Anti-Money Laundering)

The subpoenas Wynn Resorts received come from the US Attorney’s Office for the Southern District of California, asking for information related to transactions at Wynn Las Vegas that involves patrons and agents who either reside in or operate from foreign jurisdictions.

“The company continues to cooperate with the US Attorney’s office in its investigation, which remains ongoing. Because no charges or claims have been brought, the Company is unable to predict the outcome of the investigation, or reasonably estimate the possible loss or range of loss, if any, which could be associated with the resolution of any possible charges or claims that may be brought against the company.”

Two days before the Q-10 filing to the SEC, Wynn Resorts announced its second quarter financial results. The casino operator posted 94.8% drop in the operating revenues year-on-year, sliding from $1.66 billion for Q2 in 2019 to just $85.7 million for the second quarter of 2020. Consequently, Wynn Resorts reported net loss of $637.6 million for the quarter, compared to net income of $94.6 million for the same period last year.

The biggest slump in operating revenue came from Wynn Palace and Wynn Macau, the operator’s two gaming properties in the Special Administrative Region (SAR), which posted 98.6% and 97.8% decrease, respectively. Wynn Las Vegas generated 86% less in operating revenues compared to the second quarter of last year, while Encore Boston Harbour closed doors March 15 and remained shut throughout the entire second quarter.



Probably because of COVID19 closures?
Well, I’m sure everything’s on the up-and-up, non?

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Reply Hey, bunkerboi pal and ex-RNC treasury deputy Steve Wynn's resort is cooperating fully w/G-men (Original post)
Leghorn21 Aug 8 OP
flying_wahini Aug 8 #1

Response to Leghorn21 (Original post)

Sat Aug 8, 2020, 01:20 PM

1. Talk about a circle jerk.

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