YOGONET
Sands China has already delivered a report to the Macau government regarding the investigations made by US regulators into its parent company, Las Vegas Sands.
The confirmation was made by a spokesperson for the Gaming Inspection and Coordination Bureau to Portuguese language newspaper Jornal Tribuna de Macau.
The secretary for Economy and Finance, Francis Tam Pak Yuen, announced on March 2 that the Macau government had asked Sands China for a “detailed report” on the issue.
That was after Las Vegas Sands revealed in its annual report that the Securities and Exchange Commission and the US Department of Justice were probing it, after Sands China’s former CEO, Steve Jacobs, accused the gaming operator in a court case of using improper leverage against government officials.
The gaming bureau spokesperson said that, although the case of Jacobs against his former employer was a labour dispute, the Macau government would “continue to follow closely future developments of this matter.”
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