Sands China Ltd. said Chief Operating Officer David Sisk, a veteran of the Las Vegas casino industry, quit after three years at the Macau gambling resort operator controlled by billionaire Sheldon Adelson.
Las Vegas Sands Corp., operator of the Venetian-Palazzo hotel complex in the largest U.S. gambling market, will pay $47.4 million to end a federal probe of its failure to report a high-stakes patron’s suspicious deposits.
Las Vegas Sands Corp. is stalling a wrongful termination lawsuit by its former Macau casino chief that could expose billionaire Sheldon Adelson’s company to “serious legal and political problems,” the fired executive said in court papers.
Las Vegas Sands Corp. may be sanctioned in a lawsuit brought by the fired chief executive officer of its China casinos for not disclosing that evidence it said couldn’t be taken out of Macau was already in the U.S.
An attorney for Las Vegas Sands Corp. testified that he didn’t tell the judge presiding over a lawsuit brought by the fired head of the casino operator’s Chinese unit about e-mails from Macau that had been reviewed in Las Vegas.
Lawyers for Sheldon Adelson’s Las Vegas Sands Corp. disputed claims that they didn’t disclose evidence sought in a lawsuit filed by Steven Jacobs, the fired head of the casino operator’s China operations.
Las Vegas Sands Corp. was sanctioned by a Nevada judge who said the company and its Sands China Ltd. unit intentionally deceived her by not disclosing evidence sought by the former head of its China operations in a lawsuit over his firing.
Las Vegas Sands Corp. ’s Sands China Ltd. , said it’s being investigated by the Hong Kong Securities and Futures Commission for alleged breaches of regulations, following U.S. probes of the parent company.
Las Vegas Sands Corp., embroiled in two U.S. investigations and a court battle with the former head of its Chinese casino business, said for the first time it probably violated the U.S. Foreign Corrupt Practices Act.