Report: Sands, feds in talks to settle probe

Posted: 4:25 PM EDT Oct 29, 2012

A published report says that federal officials and Las Vegas Sands Corp. are having talks aimed at settling a probe into whether the casino operator failed to report millions of dollars of potentially laundered money transferred to its casinos by two gamblers.

The Wall Street Journal reported on Sunday that representatives for the Justice Department and the company held settlement talks as recently as last Thursday.

The Journal says that the two sides have yet to reach an agreement. The report cites unidentified people familiar with the case.

Calls to the Las Vegas Sands and the Justice Department were not immediately returned on Monday.

The company told the Journal earlier this year that it has done nothing wrong and was cooperating with investigators.