Las Vegas Sands Corp’s Sheldon Adelson Focus of Affidavit

Written by:
Guest
Published on:
Feb/13/2011

John L. Smith of the Las Vegas Review Journal on Sunday discusses the potentially embarrassing email of Sands executives about company founder Sheldon Adelson as well as an affidavit from former company president Steve Jacobs, which, among other things, notes the following about Adelson:

“- Adelson’s direction to me to have investigative reports prepared on Macau government officials as well as certain junket representatives reputed to have ties to Chinese gangs known as Triads;

“- Adelson’s demands that I use improper “leverage” against senior government officials of Macau in order to obtain Strata-Title for the Four Seasons Apartments in Macau;

“- Adelson’s demands that I threaten to withhold SCL business from prominent Chinese banks unless they agreed to use influence with the newly-elected senior government officials of Macau in order to obtain Strata-Title for the Four Seasons Apartments and favorable treatment with regards to labor quotas and table limits;

“- Adelson’s demands that SCL continue to use the legal services of Macau attorney Leonel Alves despite concerns that Mr. Alves’ retention posed serious risks under the criminal provisions of the United States code commonly known as the Foreign Corrupt Practices Act (“FCPA”).

Smith also reports that the Jacobs litigation is revealing a massive cash courier service that shows some $68 million in player cash was flown between Asia and Las Vegas. 

Writes Jacobs, “Upon information and belief, these funds total tens of millions of dollars and may then (be) used for a variety of purposes, including as cash advances for customers to spend when they arrive in Nevada, to re-pay past debts incurred at LVSC’s Las Vegas properties, or for the benefit of authorized persons other than the transferee.”

“Authorized persons other than the transferee?”

The story is a most intriguing one that also involves elements of Asian organized crime.

Smith suggests that some of this information is “bound to keep Nevada’s Gaming Control Board intrigued”.

Read more of John L. Smith’s provocative account here.

Gambling News

Legalized Sports Betting in the US: The Good the Bad and the Ugly

Legalized Sports Betting in the US: The Good the Bad and the Ugly

John Holden, Assistant Professor at Oklahoma State University, has written a must read paper on the legal sports scene in the United States one year after the US Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA). 

You're Not Welcome: Illinois Bill Seeks to Prevent Entrance by Draftkings, FanDuel

Language in a current version of bill floating around Illinois legislature seeks to keep out US legal sports betting titans FanDuel and Draftkings, both of which have absolutely cornered the NJ market.  The Cook County record suggests there will most certainly be legal repercussions.

Sports Betting Forums: Top Discussions

We tap into the hottest discussions on the sports betting forums and social media.  Hot now: Caesars-ESPN deal not celebrated by all, Bitcoin exchanges and gambling, Illinois sports betting bill keeps out Draftkings, FanDuel?

Current Odds Preakness Stakes, Eurovision 2019

Saturday 11 am EST - Eurovision odds: Netherlands -140, Australia 6/1, Switzerland 8/1, Sweden 16/1, Italy 20/1, Iceland 20/1, Russia 28/1 - Preakness Stakes odds: Improbable +245, War of Will 5/1,  Alwaysmining 8/1, Anothertwistafate +750, Bourbon War 8/1, Owendale 10/1, Win Win Win 17/1

How Do Bookies Pay Their Customers?

How Do Bookies Pay Their Customers?

Do bookmakers in the United States pay their customers by meeting them in person and slipping cash into their hands in some dark alley?  Today's technology makes it easy for bookies to pay clients utilizing other methods.  It's to a point where they hardly even have to meet face-to-face.

Syndicate