HOT Stories more

Christie: N.J. won't oversee sports bets

Article

LVS CEO, Sheldon Adelson, vigorously denies allegations

July 09, 2012 8:21 PM by Ray Poirier

More Casino Industry ArticlesAllegations that he was promoting prostitutions at his Macau casino or that he violated the Foreign Corrupt Practices Act (FCPA) were vigorously denied by billionaire Sheldon Adelson, chairman and CEO of Las Vegas Sands Corp. (LVS) in an interview with Steven Bertoni of Forbes.

The allegations were made by former Sands China executive Steve Jacobs in a lawsuit filed against his former employer.

“There isn’t a shred of evidence,” said Adelson. “I’ll bet anyone a thousand to one that there will be no fire under the smoke that he’s (Jacobs) blowing. I f someone wants to put up a million they can hope to win one billion – but that won’t happen because there isn’t a breach of FCPA. Not even a hint,” said Adelson defiantly.

In his latest court filing, Jacobs charges that the Sands is withholding thousands of documents from the court, including emails that outline a formal strategy to promote prostitution (which is legal in Macau) and loan sharks in its Macau casinos.

Adelson responds that Jacobs is using court documents to publicly embarrass and vilify both him and the company.

 

 

 

 

top stories

Top NFL Vegas betting trends | 49ers: Off a loss as a favorite: lost next game against the spread only 1 of 16 times; Have lost only 1 of last 11 road games ATS.

For the first time this season, weather could play a key role in games. The meetings between the Ravens and Browns seems most likely to get wet. This is something to keep an eye on if you doubt certain QBs can handle the elements.

Fantasy Football Fix | It was surreal watching marquee player after marquee player succumb to injury Sunday. But so is the nature of the NFL and fantasy football. Let's assess the damage and identify which targets we should be after heading into Week 3.

Florida State buckled to pressure and extended its suspension of Heisman Trophy winner Jameis Winston from a half to the entire game tonight against No. 22 Clemson.

Swish's Free Smart Play of the Day | Swish Analytics prides itself on a data-driven system, and unlike most handicappers, we try to give a detailed statistical breakdown of why and how picks are formulated. 

GamingToday subscription

GamingToday Race and Sports Futures

           LVH Superbook  Stratosphere Sports Book  

                Wynn Sports Book  CG Technologies