Wynn Resorts Falls Amid Money-Laundering Report

Wynn Resorts, Limited WYNN fell sharply Thursday afternoon amid a report that the company is being investigated.

According to The Wall Street Journal, prosecutors from the Manhattan and Las Vegas U.S. Attoney’s offices, IRS investigators and DEA officials are looking into the company’s money-laundering controls.

As of Thursday afternoon, Wynn Resorts had not been made aware of the probe.

Wynn Resorts recently traded at $176.49, down 2 percent.