SACRAMENTO, Calif. (AP) – Officials say one of California’s more profitable card rooms has agreed to a record $5.3 million penalty for misleading gambling regulators and violating a federal law designed to deter money laundering.
The state said Thursday that Artichoke Joe’s Casino south of San Francisco failed to properly report a federal investigation.
The state penalty is in addition to a $5 million federal settlement for failing to have an effective anti-money laundering program and failing to report certain suspicious activity.
That $5 million is also the largest amount assessed against a California card room by federal regulators.
The president of the 51-table card room said the agreement shows the casino has made improvements.
