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Casino News:

  Court asks LVS to pay reimbursement charges to ex-employee

A court case in opposition to an ex-employee has been lost by Las Vegas Sands Corp (LVS) in its preliminary period and the judge asked LVS to pay $25k as reimbursement charges. The statement was given to the LVS by Elizabeth Gonzalez, the Judge of US Clark County District following findings by a court that they preserved a hard drive from the computer system of Steve Jacobs, an ex-CEO of Sands China. Efforts were made by LVS to employ the private confidential information of Macau to stop the hard drive to be accessed as they asserted that it was in Macau. All this happened prior to disclosure of the reality that the files were in Macau for one year when they were believed to be in Macau. Due to all this, the judge stated that it is clear that LVS planned to cheat the court which is clear from the fact that time and again wrong illustrations were put forward by the defendants and their agents for a number of months. Bloomberg was informed by Ron Reese, a representative of LVS that they are evaluating the judgment without any more remarks.

SJM Holdings, a Macau based hefty casino is expecting 600 live tables upon their initiation of a casino in Cotai. TDM under the possession of government was informed about this fact by Ambrose So Shu Fai, the Chief Executive of SJM. At present, SJM and MGM China are the only two companies that are authorized to construct a new casino on the Cotai strip. It was for the first time in the past weekend that Stanley Ho, the chairman of the company appeared openly before public in the past one year. He appeared to preside over the 70th anniversary of Emperor Entertainment Group in Hong Kong on Friday.

Lawrence, the chairman and CEO of Melco International Development has increased his share in the mutual business enterprise Melco Crown Entertainment from 36% to 48.5%. Now he will possess almost half of Melco Crown Entertainment.


   2012-09-19






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