Wynn Resorts Ltd. has agreed to forfeit $130 million in an agreement with federal authorities to avoid prosecution for its Las Vegas casino-resort using unlicensed money transmitting businesses.

Wynn Las Vegas, a subsidiary of Wynn Resorts, signed a non-prosecution agreement with the U.S. Attorney’s Office for the Southern District of California and the U.S. Department of Justice involving various transactions at Wynn Las Vegas relating to an undisclosed number of patrons and former employees, agents and other third parties that were involved in unlicensed money transmitting businesses. These businesses process and transmit money to the company for various reasons.

Wynn Las Vegas agreed to forfeit $130 million in funds involved in the transactions in exchange for not being prosecuted, the company said.

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