Las Vegas Sands agrees to pay $47.5 million to government

Krista Hostetler

Photo: Video by ktnv.com

Las Vegas Sands agrees to pay $47.5 million to government

CREATED Aug. 27, 2013

Las Vegas, NV (KTNV) -- Las Vegas Sands has agreed to pay $47.5 million after failing to report millions of dollars it gained from a gambler linked to drug trafficking.

According to the U.S. Attorney's Office in Los Angeles, the government has also agreed to end a criminal investigation and not seek an indictment.

The probe found a Chinese-Mexican businessman transferred more than $45 million to The Venetian Casino between 2006 and 2007.

He's now facing drug-trafficking charges in Mexico.

Sands has been cooperating with the government during the investigation.

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