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.
Biloxi’s Margaritaville Casino & Restaurant will waste away by mid-September, with the casino saying it can’t raise more money because the landlord won’t renegotiate the lease. The casino announced that it will close on or before Sept. 19.
In the NFL the NFC East figures to be the wildest crapshoot of all the divisions. This division used to be one of the sturdy kingpins of the NFL, with Philly, Washington, Dallas and the N.Y. Giants.
Bally Technologies Inc. (BYI) announced Monday it was partnering with Mohegan Sun in Uncasville, Connecticut to install the world’s largest table game progress jackpots.
A building plan for a $925 million MGM casino and hotel near the nation’s capital has been approved by local officials in Maryland. A Prince George’s County panel meeting in Upper Marlboro voted 8-1 for the plan at National Harbor Monday.
The Iowa Supreme Court has potentially given the Argosy riverboat casino in Sioux City more time to stay open. The high court granted an emergency stay of a district court order requiring the casino to close July 22.
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