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Las Vegas Sands Corp (LVS.N)

LVS.N on New York Stock Exchange

23 Mar 2018
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$-2.02 (-2.83%)
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Latest Key Developments (Source: Significant Developments)

Las Vegas Sands Corp files for potential mixed shelf size
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Las Vegas Sands Corp ::Las Vegas Sands Corp files for potential mixed shelf; size not disclosed .  Full Article

Las vegas sands unit borrowed U.S. Dollar equivalent of nearly US$1 billion of new initial term loans
Wednesday, 31 Aug 2016 

Las Vegas Sands Corp :Unit borrowed U.S. Dollar equivalent of approximately US$1 billion of new initial term loans.  Full Article

Madison Square Garden unit, Las Vegas Sands unit enter into an agreement
Wednesday, 25 May 2016 

Madison Square Garden Co : Unit entered into an agreement with a subsidiary of Las Vegas Sands Corp . MSG will develop, construct venue with capacity of at least 16,000 seats on parcel of land in Las Vegas, Nevada owned by Sands . If certain return objectives are achieved, Las Vegas Sands will receive 25% of after-tax cash flow in excess of objectives . MSG will lease the venue under a 50 year lease agreement .Madison Square Garden says sands will provide co with $75 million to help fund construction costs of project.  Full Article

Las Vegas Sands- Nevada Gaming Control board filed complaint against co on May 11
Thursday, 12 May 2016 

Las Vegas Sands Corp : On may 11, Nevada Gaming Control board filed complaint against co alleging certain violations of Nevada Gaming Control Act . Agreed to pay a fine in amount of $2 million .Complaint related to company's previously announced administrative settlement with sec of April 7, 2016.  Full Article

Las Vegas Sands Corp pays $9 mln to end SEC probe into China, Macau - Reuters News
Thursday, 7 Apr 2016 

Las Vegas Sands Corp:Las Vegas Sands Corp agreed to pay $9 million to end the U.S. Securities and Exchange Commission's more than five-year probe into whether it violated a federal anti-bribery law by paying a consultant to help it do business in China and Macau - RTRS.Thursday's civil settlement resolves charges that the casino operator run by billionaire Sheldon Adelson violated the Foreign Corrupt Practices Act by failing to properly authorize or document more than $62 million of payments to the consultant.known within the company as a "beard," between 2006 and 2011.The SEC said the consultant served as a middleman to conceal Las Vegas Sands' effort to buy a team in the Chinese Basketball Association.which forbade gaming companies from ownership, and part of a Beijing building despite China's casino gambling ban.Las Vegas Sands also failed to properly document transactions involving its Macau operations, the SEC said.Publicly traded companies "must have appropriate financial controls in place to ensure that expenses are paid for bona fide services," Andrew Ceresney, head of the SEC enforcement division, said in a statement.Las Vegas Sands also agreed to retain an independent compliance consultant for two years. It did not admit wrongdoing, and said there was no finding of corrupt intent or bribery.  Full Article


Breakingviews - Steve Wynn's casinos make best of bad hand

HONG KONG (Reuters Breakingviews) - Steve Wynn has left the building even if his name is still on it. In just two months since the 76-year-old casino mogul denied sexual-misconduct allegations, he has stepped down from leadership roles at Wynn Resorts and now is selling his entire stake in the eponymous $18 billion U.S. company. Meanwhile, new boss Matt Maddox is making the best of the bad hand dealt to him.