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November 9, 2009

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Harrah’s Lake Tahoe pays $25,000 fine

Friday, March 21, 1997 | 11:59 a.m.

A complaint filed by the state Gaming Control Board in May 1996 alleges that a Harrah's cashier coordinator conducted a prohibited cash transaction with an undercover gaming agent. The employee was fired two days later.

James Rankl, associate general counsel for Harrah's Lake Tahoe, told the commission Thursday that this was a one-time violation by a Harrah's employee.

Deputy Attorney General Jeff Rodeger told the commission that the board investigation showed no evidence of money laundering.

The complaint alleges that last March, the undercover agent made a "front-money deposit" of $3,500 at Harrah's main cashier cage. The next day, the agent returned to the credit window and withdrew his front money, but was given different denominations of bills than what he had deposited.

Such an exchange violated Regulation 6A, which outlines proper cash-handling procedures for amounts of $2,500 or more. Under the rule, if a customer delivers more than $2,500 in cash to a casino, it must segregate that cash and return only that cash to the customer.

As part of a stipulation agreement, Harrah's paid the $25,000 fine Thursday.

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