HOT Stories more

DraftKings launches UK operations

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

Dye-ing to Know | Some high-roller customers at Planet Hollywood were “throwing six figures down” recently on NFL games with Bill Sattler, the race and sportsbook director, who was trying to make decisions on exactly what and how much to take on the bets.

Slot Club Spotlight | The Mardi Gras’ cozy Big Easy Casino features 50 contemporary video poker, keno and video reel slot machines in a friendly and comfortable place to play. The Player’s Club lets you earn points to redeem toward...

A group of Massachusetts residents is challenging the federal government’s decision to grant the Mashpee Wampanoag tribe reservation lands to build a casino.

A plan to let New Jersey voters decide in November whether to authorize two new casinos in the northern part of the state is moving forward in the Legislature.

Missouri lawmakers are debating whether to regulate fantasy sports like gambling. Rep. Scott Fitzpatrick is proposing to exempt fantasy sports from gambling regulations because players rely on skill, not chance. 

GamingToday Race and Sports Futures

           Westgate Superbook  Stratosphere Sports Book  

                Wynn Sports Book  CG Technology

  Race Day Las Vegas Ralph Siracowww.bonus-casino-en-ligne.info

 

  PalmsWestgate

  CasablancaSuncoast