Allegations 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.
Pennsylvania casinos are reporting a slight increase in revenue from table games. The Pennsylvania Gaming Control Board said Wednesday that revenue from table games totaled $67.9 million last month, up nearly 1 percent from a year ago.
Rampart Casino will officially open the doors to its long-awaited Bingo Room on Saturday, April 19, in conjunction with its 15-year anniversary and “15 Years of Fun” initiative.
The Borgata Hotel Casino & Spa is reimbursing players in a poker tournament that was suspended after counterfeit chips were discovered. The Borgata enhanced security and introduced more intricate chips for its poker tournament last week.
Foxwoods Resort Casino and the Mohegan Sun, Connecticut’s Indian-run casinos, say slot machine revenue fell sharply in March. Foxwoods Resort Casino cited an “ultra-competitive” market.
Getting Rich with Saber | Over 110 years ago, Oaklawn Park in Hot Springs, Arkansas opened for business and they all came. They came for the gambling and natural hot springs bath houses. And they kept coming to this historical spot.
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