LA-area casino settles money laundering case for $500,000

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LOS ANGELES (AP) — A Los Angeles-area casino will pay $500,000 to settle allegations that it violated anti-money laundering laws by failing to properly file reports about a Chinese player who spent millions in cash, authorities announced Friday.

The Bicycle Hotel & Casino in Bell Gardens agreed to pay the revenue it made from the player's gambling and to accept beefed-up review and reporting requirements, the U.S. attorney's office said in a statement.