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May 23, 2015

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Las Vegas Sands

Las Vegas Sands CFO leaving despite strong first-quarter earnings
Tuesday, June 25, 2013
Kenneth Kay is stepping down as chief financial officer of Las Vegas Sands Corp.
Hong Kong businessman Richard Suen is shown during a courtroom break at the Regional Justice Center Thursday, April 4, 2013. Suen is suing the Las Vegas Sands saying he is owed millions of dollars in an agreement in which he helped Sands secure its gaming license in Macau a decade ago.
Judge instructs Las Vegas Sands to pay businessman $102 million
Wednesday, May 29, 2013
A Las Vegas judge affirmed a $70 million verdict against Las Vegas Sands Corp. on Tuesday and tacked on another $31.6 million in interest.
In this Friday, April 5, 2013, file photo, Las Vegas Sands Corp. CEO Sheldon Adelson testifies in Clark County District Court  in Las Vegas.
Jury sides with businessman in Las Vegas Sands lawsuit
Tuesday, May 14, 2013
A jury on Tuesday awarded a Hong Kong businessman a $70 million judgment against Las Vegas Sands Corp., the casino giant run by billionaire Sheldon Adelson. Richard Suen claimed he was owed up to $328 million for helping the company secure a gambling license in Macau.
Las Vegas Sands Corp. CEO Sheldon Adelson testifies for a second day in Clark County district court, Friday, April 5, 2013, in Las Vegas. Attorneys for Hong Kong businessman Richard Suen say Sands owes him $328 million because he worked behind the scenes to help the company win a gambling license in the Chinese enclave of Macau.
Adelson says he changed testimony to clarify details of Macau deal
Monday, April 8, 2013
Billionaire casino mogul Sheldon Adelson changed his story. Appearing more subdued Monday than he did last week, Adelson admitted that he altered his testimony from what he told jurors five years ago, when they sided with Hong Kong businessman Richard Suen.
Sands Chairman and CEO Sheldon Adelson testifies on the witness stand at the Regional Justice Center Thursday, April 4, 2013. Former consultant Richard Suen is suing the Las Vegas Sands saying he is owed millions of dollars in an agreement in which he helped Sands secure its gaming license in Macau a decade ago.
Adelson, armed with one-liners and verbal jabs, testifies about Sands' entry into Macau
Friday, April 5, 2013
When he wasn't quipping one-liners from the witness stand or arguing with lawyers, Sheldon Adelson had trouble remembering details of how he built a casino empire in Macau.
Las Vegas Sands casino sits behind the Fishermans Wharf in Macau in this Feb. 7, 2006, photo.
Las Vegas Sands says it likely violated anti-bribery law
Saturday, March 2, 2013
Las Vegas Sands Corp. says in a regulatory filing that it probably violated a federal law that prohibits bribing foreign officials.
The Sands Casino in Macau is seen Oct. 31, 2009.
Macau drives record earnings for Las Vegas Sands
Gaming: Adelson: 'I couldn’t be more optimistic about the future'
Wednesday, January 30, 2013
Las Vegas Sands ended last year with record earnings, led by growth in Macau and other Asian markets. The company reported that 62 percent of its fourth-quarter operating profit came from its Macau casinos and resorts. Sands Chairman Sheldon Adelson told investors in an earnings call this afternoon that he expects continued growth with this week’s opening in Macau of the 2,100-room Sheraton and the planned addition of 200 table games coming in the first quarter of this year.
Report: Sands' PAC is nearly broke
Tuesday, January 29, 2013
When it came to the 2012 election, Sheldon Adelson’s pockets were so deep you might consider them bottomless. But you can’t say the same for his company’s political wing.
The fountain of the Wynn Macau casino performs celebrating its opening with the backgroung of the Lisboa Casino in Macau, Tuesday, Sept. 5, 2006. American gaming mogul Stephen Wynn was ready to throw open the doors of his new US$1.2 billion casino to gamblers Wednesday in Macau _ the Chinese territory that's rivaling the Las Vegas Strip as the world's epicenter for gambling.
The bigger Macau gets, the better for Las Vegas
Thursday, December 27, 2012
This is not a travel essay, and here’s why: Nobody expects you to ever go to Macau. They don’t need you. A bellboy said that when he sees Caucasian guests, he assumes they must be evaluators from a travel guide.
Tourists play video poker at Green Valley Ranch Resort in Henderson. Owner Station Casinos led the locals market in profits during the third quarter of 2012.
Budget resorts, locals casinos struggle in third quarter
Monday, December 3, 2012
Third-quarter financials are in for the Las Vegas gaming industry, and they show continued difficulties for two of the valley’s three main casino sectors. While most high-end Strip resorts saw profits in the quarter ending Sept. 30, mass market Strip casinos struggled, as did locals casinos. The Strip’s budget properties faced an uphill battle trying to get recession-weary customers to part with their dollars. Some of the casinos also played unlucky, meaning they didn’t win as much as usual from gamblers.
Las Vegas Sands declares $2.26 billion special dividend
Monday, November 26, 2012
Casino operator Las Vegas Sands Corp. plans to pay a special dividend of $2.75, distributing about $2.26 billion to its shareholders by the end of the year.
Strip resorts lauded for diversity and environmental efforts
Saturday, November 17, 2012
Las Vegas casino operators received high rankings in several recent corporate responsibility reports lauding them for their commitment to the environment and workforce diversity.
This week’s stock performers: The best and the worst locally
Friday, November 2, 2012
Chemical maker American Pacific Corp. was the biggest gainer, while several local gaming companies share in declines.
Las Vegas Sands CEO and Chairman Sheldon Adelson, shown in this April 26, 2012, file photo, is backing a Republican group trying to persuade Jewish voters in battleground states to support presidential candidate Mitt Romney.
Adelson ranked the 27th richest person in world
Thursday, November 1, 2012
Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson is ranked at No. 27 in a new list of the world's richest people. Adelson is estimated to have a net worth of $21.3 billion, up 6.9 percent or $1.4 billion on a year-over-year basis as of Oct. 5.
Las Vegas Sands profit down 1 percent
Thursday, November 1, 2012
The Las Vegas Sands Corp. says net income fell 1 percent as it took less money from gamblers and paid to start up a new casino in Macau. The company earned $349.8 million, or 42 cents per share, for the quarter. During the same period last year it earned $353.6 million, or 44 cents per share.

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