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.
Ultimate Poker has launched Ultimate Poker Live Series, a series of online and live qualifying events that culminate at a monthly final tournament. The inaugural event, a will be held on Saturday, Sept. 13 at Green Valley Ranch Resort.
Momentum to shift some gambling away from Atlantic City increased Tuesday as a state senator introduced plans for a constitutional amendment that would put slot machines at New Jersey’s four horse racing tracks.
NFL Previews | This is the 11th of 32 pro football preseason previews leading up to the NFL football season opener Thursday, September 4. Today: Tennessee Titans. Next up: San Diego Chargers.
NFL Previews | This is the tenth of 32 pro football preseason previews leading up to the NFL football season opener Thursday, September 4. Today: Baltimore Ravens. Next up: Tennessee Titans.
NFL Previews | This is the sixth of eight NFL division reviews. This week NFC South, next week, AFC West. No division in the league has been as volatile from one year to the next as often as the NFC South.
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