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Casino magnate Sheldon Adelson's reference to triad organized crime gangs in testimony in a lawsuit has hit a raw nerve in Macau, the Chinese boomtown that his Las Vegas Sands Corp helped transform from a gangland haven into a $38 billion gambling capital.The lawsuit against Sands was brought by Hong Kong businessman Richard Suen, who is seeking $328 million he says he is owed for helping the U.S. firm obtain one of three coveted casino licenses in Macau, now the world's biggest gambling market with annual revenues more than six times Las Vegas's.Adelson's comments about triads reverberated across Macau this week and prompted a former Sands partner, casino operator Galaxy Entertainment Group Ltd, to post a regulatory filing with the Hong Kong stock exchange objecting to "certain inaccurate statements".Sands and Galaxy jointly won a Macau casino license in 2002, but they failed to reach an operational agreement and split up. Adelson, 79, when asked in a Las Vegas court why the two firms...
The rationale for vice investing is simple: bad habits are hard to kick, even in tough economic times.From tobacco to sex and alcohol to gambling, consumers are alwa...
Dr. Keith Ablow argues that Facebook is like a drug.
Las Vegas Sands Corp Chairman and CEO Sheldon Adelson will make a rare public appearance in a Nevada state court in early April as the lead witness in a breach-of-co...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
Las Vegas Sands Corp. on Sunday disputed reports out over the weekend that its recent Securities and Exchange Commission filing suggested an admission to bribing for...
Las Vegas Sands Corp said it "likely" violated the federal Foreign Corrupt Practices Act, which outlaws the bribery of foreign officials, according to a Securities a...
The regional government of Madrid said Friday the town of Alcorcon, just outside the Spanish capital, has been chosen as the setting for Europe's largest gambling an...
GAMCO Associate Portfolio Manager Lawrence Haverty on strategies to boost investors’ portfolio.
In case you did not know, the San Francisco 49ers and the Baltimore Raves are set to tussle for NFL supremacy Sunday in the latest rendition of the Super Bowl.The Su...
The U.S. stock market fell for the second day on Thursday after a report on Wednesday showed that the U.S. economy contracted in the fourth-quarter. Investors are pr...
Las Vegas Sands Corp is no longer making international money transfers for its high-end casino customers and is revamping its compliance procedures as it faces regul...
Las Vegas-based Caesars Entertainment Corp. (CZR) is moving forward with a joint-venture casino project in South Korea with Lippo Group, according to a statement fro...
Las Vegas Sands Corp. (LVS) has hired a former Wynn Resorts Ltd. (WYNN) executive to help direct its global casino marketing activities from its Singapore property, ...
Las Vegas Sands Chairman and CEO Sheldon Adelson said on Thursday a Hong Kong businessman claiming in a lawsuit that he is owed $328 million didn't help the gaming c...
The NCAA Tournament starts, though chances are most folks that own a computer or television know that already, even they are not big basketball fans. "March Madness,...
Vice Fund Portfolio Manager Gerry Sullivan on investing in sin.
Former Senator Al D’Amato on whether we need a nationwide federal push to allow online gambling.
RBC Wealth Management senior vice president Reva Shakkottai on Sheldon Adelson’s gamble on Madrid casinos.
TenXer CEO Jeff Ma gives tips on gambling and investing.
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