Caesars reveals money-laundering probe

iGaming Business – Land-based gaming operator Caesars Entertainment is the subject of a federal money-laundering investigation and probes in two US states, it has emerged. According to Bloomberg, Caesars pulled out of a project in Boston and ended a hotel-licensing deal in Las Vegas after Massachusetts investigators recommended denying a permit. The Massachusetts officials cited matters related to Caesars Interactive chief executive officer Mitch Garber, the former CEO of PartyGaming, as a reason for its decision. PartyGaming took US bets prior to the passing of the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA). The report by Massachusetts gaming investigators noted…