Republican Mega Donor Sheldon Adelson Caught Up in ‘Bribe’ Scandal

Written by:
Aaron Goldstein
Published on:
Republican Mega Donor Sheldon Adelson Caught Up in ‘Bribe’ Scandal

Auditors at Las Vegas Sands Corp. admitted Friday "there were likely violations" of the Foreign Corrupt Practices Act barring Americans from bribing foreign officials to secure an advantage.

This disclosure was made in a late afternoon filing with the Securities and Exchange Commission Friday that ultimately leaked out to the media Sunday.

Heading up Las Vegas Sands Corp. is none other than powerful casino magnate and mega Republican donor Sheldon Adelson. 

The allegations are nothing new.  Both the SEC and FBI have been probing the company’s dealings in the world’s largest gambling destination, Macau, for some time.  What is new is the company’s admission to any wrongdoing.

Rachel Maddow of MSNBC writes in her blog:

The impact on the Republican Party, which relied heavily on Adelson's generosity last year, is unclear, but it can't be helpful to have the party's biggest donor caught up in this kind of controversy.

Adelson was just named the 15th richest individual in the world Monday by Forbes Magazine with a net worth of $26.5 million. 

Shares in his company are up 20 percent since the summer despite the ongoing investigation. 

- Aaron Goldstein,


Business/Financial News

What Types of Payment Options Does Premier Price Per Head Offer?

When it comes to finding a quality Pay Per Head site to help you run and manage your own sportsbook as an independent sports bookmaker

Do I Have to Pay Extra Per Head for the Real Money Online Casino Games?

One of the key factors in building and growing an independent sports bookmaker business into a long-term profitable venture is the ability to develop multiple streams of revenue.

Why Does Premier Per Head Sportsbook have the Best Live In-Game Sports Betting?

Live in-game betting for any sporting event has become big business for independent sports bookmakers and the action really heats up during football season.

Own an Online Sportsbook in Alabama

Alabama has one of the most concentrated College Football fan bases in the United States with two schools – The University of Alabama and Auburn – dominating.

Where is the Best and Anonymous Online Bookie Software Accepting Bitcoin?

It can be a very tough business environment for an independent sports bookmaker when it comes to competing against the big offshore sportsbooks operating online.