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CNBC: Sheldon Adelson Casino Probed in ‘Prostitution Probe’

Written by:

Aaron Goldstein

Published on:

Aug/01/2012

CNBC: Sheldon Adelson Casino Probed in ‘Prostitution Probe’

Casino billionaire Sheldon Adelson’s Sands Casino in Macau is reportedly under investigation by the local Chinese Government according to a CNBC report.

The company reportedly transferred documents linked to a wrongful dismissal case to the United States from Macau.

From CNBC:

Adelson's lawyers are due to face an Aug. 30 hearing in the United States, where District Court Judge Elizabeth Gonzales will decide whether Las Vegas Sands withheld financial documents in a case in which the 78-year-old is accused of having personally approved of prostitution at the company's casino in China's special administrative region of Macau.

Sands, the biggest casino operator in Macau by market value, announced the Macau investigation on Wednesday in a voluntary notice. It did not provide further comment on the probe.

Sheldon is among the biggest donors to the Republican party in the United States.

- Aaron Goldstein, Gambling911.com Business

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