Los Angeles Based Hawaiian Gardens Casino Pays $3.15M To Settle Alleged Disclosure Violations

Slots at Las Vegas airport - Everystockphoto: Photographer markhillary
Slots at Las Vegas airport - Photographer markhillary

LOS ANGELES (CNS) – The Gardens Casino in Hawaiian Gardens will pay $3.15 million to settle allegations that its operators failed to disclose on state license-renewal applications that the card room was under federal investigation for alleged banking violations, the state Attorney General’s Office announced today.
According to Becerra’s office, casino operators “failed for years” to disclose on its state license-renewal applications that they were facing a Financial Crimes Enforcement Network investigation that resulted in a $2.8 million penalty.  

The $3.15 million settlement with the state is in addition to the $2.8 million federal penalty.
In addition to the $3.15 million payment, the casino must also reimburse the state Bureau of Gambling Control for its investigative costs and complete a two-year compliance period. The casino will maintain its operating license during the compliance period.
In the casino’s settlement with the federal government, operators admitted failing to maintain an effective anti-money-laundering program, failing to report certain transactions exceeding $10,000, failing to keep adequate records and failing to report certain suspicious activity, according to Becerra’s office.