Tag Archives: foreign corrupt practices act
- Las Vegas Sands pay $7m to end DOJ’s China bribery probe
January 20, 2017
Casino operator Las Vegas Sands has agreed to pay a nearly $7m fine to resolve a US federal probe into its activities in China and Macau. On Thursday, the Department of Justice announced that Sands had agreed to pay $6.96m to resolve the investigation into Sands’ violations of the Foreign...
- Las Vegas Sands pays $9m to end SEC probe of payments to Chinese consultant
April 7, 2016
Casino operator Las Vegas Sands has agreed to pay a $9m penalty to wrap up a federal investigation of alleged bribery involving its Asian operations. On Thursday, the US Securities and Exchange Commission (SEC) announced the penalty, which it imposed following a five-year investigation of Sands’ activities in Asia. As...
- Steve Wynn sues hedge fund founder over bribery claims
September 27, 2014
Wynn Resorts boss Steve Wynn has filed a federal lawsuit against a hedge fund founder for falsely claiming the casino operator had violated US corruption laws. The suit, filed in San Francisco on Thursday, accuses Kynikos Associates’ James Chanos of telling people that Wynn had violated the Foreign Corrupt Practices...
- Penn National exec: US firms “hampered” by Foreign Corrupt Practices Act
November 10, 2013
Macau casino developer Lawrence Ho has officially sealed the deal to finance his proposed casino development in Russia’s Primorye region outside Vladivostok. Ho informed the Hong Kong Stock Exchange this week that his Melco International Development and the Ho-controlled Summit Ascent Holdings had paid a combined $10m for 51% of...
- Department of Justice intervenes in Okada v. Wynn civil suit
April 10, 2013
The Nevada court fight between Wynn Resorts and its former number one shareholder Kazuo Okada got thrown a wobbler on Tuesday with the news that the US Department of Justice has filed a motion to intervene in the case. Bloomberg’s Edvard Pettersson reported that the DoJ is seeking to halt...
- Jacobs accuses LVS’ Adelson of ordering him to threaten Macau’s top official
March 13, 2013
The nasty legal fight between Las Vegas Sands (LVS) and Steve Jacobs, the former CEO of Sands China, has ratcheted up another notch after Jacobs accused LVS boss Sheldon Adelson of ordering Jacobs to threaten the head of Macau’s government for not playing ball. It’s the latest clump of mud...
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Sheldon Adelson loses $622m, likely under the sofa cushions
March 22, 2017