Casino operator Caesars Entertainment Corporation (CEC) says it may have to pay federal authorities up to $20m to resolve a money laundering investigation.

CEC filed its quarterly report with the US Securities Exchange Commission on Monday, and the “other matters” section cites the ongoing investigation of alleged violations of the Bank Secrecy Act at Caesars Palace in Las Vegas. CEC was made aware of the federal grand jury investigation in 2013 and has been cooperating with the Financial Crimes Enforcement Network (FinCEN).

CEC says that on April 29, representatives from Caesars Palace and FinCEN had a face to face, at which the government laid out “in general terms the results of their investigations and proposed a range of potential settlement outcomes, including fines in the range of $12 million to $20 million.” Caesars Palace says it is “evaluating” the offer before its next meeting with the feds in June.

CEC reminded readers that Caesars Palace is a subsidiary of CEC’s main unit Caesars Entertainment Operating Co. (CEOC), which is embroiled in some truly sordid bankruptcy proceedings. CEOC’s performance has been deconsolidated from CEC’s statements, so the size of the money laundering fine won’t affect CEC’s future results. So this is actually a positive story. Hell, make it $25m, or one dollar more than Sands paid, just for bragging rights!