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Sands said in settlement talks

Las Vegas Sands (LVS) is in talks with federal prosecutors to settle a Justice Department probe of alleged money laundering, the Wall Street Journal said. The casino company is set to report Q3 earnings late Thu., and rival MGM Resorts (MGM) on Wed. morning. Sands and federal prosecutors met as recently as Thu., the report said, citing knowledgeable sources. Settlement could result in Sands paying a fine and altering money handling processes in exchange for the gov't ending its probe, the report said.