• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Nevada approves US$2-mln fine against Las Vegas Sands

May 20, 2016 Newsdesk Latest News, Top of the deck, World  


Nevada approves US$2-mln fine against Las Vegas Sands

The Nevada Gaming Commission approved on Thursday a US$2-million fine levied against Las Vegas Sands Corp by the Nevada Gaming Control Board, according to the Associated Press.

The Control Board had said earlier this month that the complaint alleged “certain [i.e., particular] violations of the Nevada Gaming Control Act and Regulations of the Nevada Gaming Commission”. It said the allegations were related to a previously announced settlement Las Vegas Sands reached with the U.S. Securities and Exchange Commission (SEC) dated April 7, 2016 and a previously announced non-prosecution agreement the casino operator had reached with the U.S. Attorney’s Office for the Central District of California dated August 26, 2013.

The Las Vegas Sun newspaper separately reported the Commission’s chairman Tony Alamo saying during its Thursday meeting that, in reading the complaint against Las Vegas Sands, it looked “like amateur hour”.

The casino group neither admitted nor denied the allegations.

According to the media outlet, Mr Alamo said that while he was comforted by the fact the federal government had agreed not to prosecute Las Vegas Sands in relation to the 2013 matter, it nonetheless “reads awful”.

The non-prosecution agreement made with the U.S. Attorney’s Office on August 26, 2013, resulted in a US$47.4-million payment by Las Vegas Sands to the U.S. Treasury, according to a filing by the U.S. District Attorney’s Office for the Central District of California.

In the most recent settlement,  the SEC had stated on April 7 that Las Vegas Sands had agreed to pay a penalty of US$9 million to settle charges that it violated the U.S. Foreign Corrupt Practices Act (FCPA) “by failing to properly authorise or document millions of dollars in payments to a consultant facilitating business activities in [mainland] China and Macau”.

Las Vegas Sands did not make a personal representation to Thursday’s meeting of the Nevada Gaming Commission according to the Las Vegas Sun.


  • tweet
Related articles
  • LVS negative Macau EBITDA 1Q, group profit on Nevada sale
    LVS negative Macau EBITDA 1Q, group...

    Apr 28, 2022  

  • Singapore jab rate aids MBS, no mall sale on cards says LVS
    Singapore jab rate aids MBS, no mall...

    Mar 08, 2022  

More news
  • Alvin Chau indicted for illegal gaming, money laundering
    Alvin Chau indicted for illegal gaming,...

    May 26, 2022  

  • SJM confident of completing refinancing: Daisy Ho
    SJM confident of completing...

    May 26, 2022  


Latest News

Alvin Chau indicted for illegal gaming, money laundering

Alvin Chau indicted for illegal gaming, money laundering

May 26, 2022  

Macau’s Public Prosecutions Office has indicted Alvin Chau Cheok Wa (pictured in a file photo), former boss of Macau casino junket Suncity Group, with illegal gaming, criminal association, fraud,...
Read More
SJM confident of completing refinancing: Daisy Ho

SJM confident of completing refinancing: Daisy Ho

May 26, 2022  

Casino op Genting Malaysia 1Q revenue up 176pct

Casino op Genting Malaysia 1Q revenue up 176pct

May 26, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


540,430

Visitors arrivals to Singapore in the first four months of 2022



Most Popular

  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • Alvin Chau indicted for illegal gaming, money launderingAlvin Chau indicted for illegal gaming, money laundering May 26, 2022
  • Marina Bay Sands to hire up to 2,000 workers: firmMarina Bay Sands to hire up to 2,000 workers: firm May 26, 2022
  • Macau satellites seek biz model leeway, says Ponte 16 bossMacau satellites seek biz model leeway, says Ponte 16 boss May 26, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us