Jacob Vs Adelson – New Discovery

Posted: July 3, 2012 in Uncategorized

Latest Casino News Extracts

Las Vegas Sands Corp. could face state court sanctions for not revealing that about 100,000 e-mails and other documents, previously said to be tied up in Macau and unavailable to a lawsuit plaintiff, actually have been in Las Vegas since 2010.

The documents, encoded on a hard drive, were requested by former Sands Macau executive Steven Jacobs in his wrongful termination suit against the company. In a pleading filed June 27 in Clark County District Court, Jacobs ticked off several areas where he said the documents would show that Las Vegas executives controlled the Macau properties “on matters of great import,” contrary to Sands’ assertions that Macau operated with a large degree of autonomy.

Potentially the most incendiary part was Jacobs’ allegation that he had launched Project Clean Sweep in May 2009, designed “to ride the casino floor of loan sharks and prostitution.” He added that his idea ran into “concern” among the Las Vegas Sands executives because “the prior prostitution strategy had been personally approved by (Chairman and CEO Sheldon) Adelson.”

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Commentary:

“It is an open secret that Adelson controls almost everything in casino property operations … Including which corner to place additional slots to what noodle shop to be created…” says one insider.
“He controls them like playing Angry Birds and robots…”
So, the story is, Adelson makes lots of decisions, big and small.

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