RonC
RonC
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Joined: Jan 18, 2010
August 4th, 2012 at 3:02:56 PM permalink
Las Vegas Sands target of U.S. money-laundering probe, WSJ says

http://news.yahoo.com/las-vegas-sands-target-u-money-laundering-probe-172739069--finance.html

The timing is pretty interesting...your thoughts?
EvenBob
EvenBob
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Joined: Jul 18, 2010
August 4th, 2012 at 3:13:30 PM permalink
Uh oh. The stock is down 40%+ and now this? Investors
are unhappy now, wait till next week.
"It's not called gambling if the math is on your side."
midwestgb
midwestgb
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Joined: Dec 8, 2009
August 4th, 2012 at 5:39:41 PM permalink
Adelson sold his soul a long, long time ago. His time may be at hand...perhaps enhanced by his political machinations of late.
FleaStiff
FleaStiff
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Joined: Oct 19, 2009
March 2nd, 2013 at 4:38:56 PM permalink
Huffington

This time the SEC filing mentions likely guilt of Foreign Bribery. Who on earth could ever do business in Macao without paying bribes? Who on earth would try?
treetopbuddy
treetopbuddy
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Joined: Jan 12, 2013
March 2nd, 2013 at 5:18:58 PM permalink
Quote: EvenBob

Uh oh. The stock is down 40%+ and now this? Investors
are unhappy now, wait till next week.

10% haircut on the open, dead cat bounce and finishes on low of the day at the close
Each day is better than the next
midwestgb
midwestgb
  • Threads: 12
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Joined: Dec 8, 2009
March 2nd, 2013 at 6:33:18 PM permalink
Additional info here...

http://www.lvrj.com/business/las-vegas-sands-says-it-may-have-violated-u-s-laws-on-bribing-foreign-officials-194414501.html

Apparently the deposed CEO of Sands still has a wrongful termination case pending in Clark County court. I bet the deposition testimony in that case to date has been most interesting. Though likely it is under seal and thus unavailable to the media and general public. Too bad.
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