Las Vegas Sands Corp.

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Adelson Firm Probed for Possible Bribery

Feds eye Las Vegas Sands Corp.'s mainland China deals

(Newser) - More bad news for Mitt Romney's biggest donor: US federal authorities are investigating Sheldon Adelson's Las Vegas Sands Corp. for possible violation of American anti-bribery laws in deals it made in China, the Wall Street Journal finds. The probe is separate from the investigation into alleged money laundering... More »

Feds Probe Sands Casinos for Money Laundering

But Sands owner Sheldon Adelson isn't under investigation

(Newser) - Federal authorities are investigating the Sands casinos for allegedly helping shady figures launder millions of dollars, the Wall Street Journal reports. A businessman in Mexico and a former California executive—high rollers who have run afoul of the law—made the money transfers years ago. Now the US attorney's... More »

Macau Probing Romney Backer's Casino

Documents in scandalous US case illegally transported, say officials

(Newser) - The biggest donor to Republican candidates this election could be in big trouble in Macau. Authorities in the former Portuguese colony are probing casino billionaire Sheldon Adelson's Sands China company for illegally sending documents out of the territory, reports Reuters . The documents came from the hard drive of former... More »

Las Vegas Sands Nears Bankruptcy

Chips are down for gaming giant

(Newser) - Casino giant Las Vegas Sands is on the verge of bankruptcy, reports the Las Vegas Sun. The company, which owns the Venetian and Palazzo casinos in Las Vegas and has several gambling resorts in development around the world, filed paperwork with the federal government yesterday declaring that the Sands’ ratio... More »

Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates in redrawn rankings of world's wealthiest

(Newser) - The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as... More »

Wynn's Macau Take Disappoints

Chinese casino posts lower revenue than expected

(Newser) - Casino mogul Steve Wynn latest gamble isn't paying off as handsomely as he predicted, the New York Post reports, with shares in his Wynn Resorts falling 10% after weaker-than-expected revenues at his splashy new gaming palace in Macau. Wynn "wildly overestimated" September revenues at Wynn Macau, analysts said, with... More »

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