Tag Archives: Steve Jacobs
Las Vegas Sands settles six-year-old court fight with Sands China ex-CEO Steve Jacobs
June 1, 2016UPDATE: The Wall Street Journal reported that Sands had agreed to pay Jacobs between $75m and $100m to settle the suit. Casino operator Las Vegas Sands has settled the nearly six-year-old wrongful termination suit brought by former Sands China CEO Steve Jacobs (pictured, far right). On Tuesday, Sands China filed...
Las Vegas Sands pays Nevada regulators $2m to drop license violation claim May 12, 2016Casino operator Las Vegas Sands has agreed to pay Nevada regulators $2m to settle a complaint regarding its failure to abide by the terms of its gaming license. Last month, Sands paid $9m to get the US Securities and Exchange Commission (SEC) to drop its probe into Sands’ funneling of...
Las Vegas Sands pays $9m to end SEC probe of payments to Chinese consultant April 7, 2016Casino 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...
Sheldon Adelson turns to Nevada’s high court in defamation case vs Jewish political group April 5, 2016Another day, another court case for Sheldon Adelson. On Monday, the Nevada Supreme Court heard a First Amendment case that pitted the Las Vegas Sands chairman against a national Jewish political group over an online petition posted in 2012, Associated Press reported. At issue was an internet ad four years...
Ex-Macau partner pushes through with $5B lawsuit against Las Vegas Sands April 4, 2016Las Vegas Sands is prepping for another round of court battle, this time courtesy of a former Macau joint venture partner. Two years ago, Taiwanese businessman Shi Sheng Hao aka Marshall Hao and his company Asian American Entertainment (AAE) filed a lawsuit in the U.S. District Court in Nevada accusing...
Steve Jacobs expands legal battle to federal court as Sands renews call to kick judge off ex-Macau chief’s case February 11, 2016Las Vegas Sands Corp. and Steve Jacobs are still lock in a bitter legal fight, and nobody is giving an inch even after almost six years have passed since Jacobs was dismissed from his post as CEO of Sands China in 2010. On Tuesday, the Las Vegas-based casino operator renewed...
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