FCPA Scorecard Blog
Nevada Casino Operator Settles Civil Suit Related to FCPA Allegations
On June 1, the Wall Street Journal reported that Las Vegas Sands, the Nevada-based operator of numerous hotel, resort, and casino properties in the United States and Asia, had agreed to settle a civil lawsuit originally filed in 2010 by a former executive. In the suit, the plaintiff had made various allegations about Las Vegas Sands CEO exerting allegedly improper leverage over government officials in Macau. While no independent verification of the settlement amount is available, the Wall Street Journal reported that Sands will pay between $75 and $100 million to settle the civil suit. In April of 2016, Sands settled with the SEC over allegations that the company had violated the FCPAs internal controls and books and records provisions related to activities in China and Macau, and agreed to pay a $9 million penalty and obtain an independent monitor for two years. See previous FCPA Scorecard coverage of the settlement here.