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4th Day On Witness stand for Sheldon Adelson
Wednesday May 6,2015 : FOURTH DAY UNDER QUESTIONING FOR ADELSON (Update)
Corruption, crime rings, political funding, murder conspiracy and money touched on in latest exchanges.
Las Vegas land casino billionaire Sheldon Adelson was again on the witness stand in a Nevada court room Tuesday as litigation on jurisdiction regarding the alleged unfair dismissal of his former Macau executive Steven Jacobs entered its fourth day with media and Nevada regulators among the audience.
Adelson was at times evasive and on occasion corrected himself as Jacobs' attorney, James Pisanelli, questioned him on a wide ranging series of allegations regarding payments to alleged Macau "fixers," lurid reports of a planned "hit" on a cheating Las Vegas Sands dealer, questionable company links with organised crime, Macau property deals, and reported US political funding from Chinese sources.
At one point Adelson appealed again to District Court Judge Elizabeth Gonzalez to block as inappropriate a Pisanelli question about alleged dealings with Hong Kong businessman Cheung Chi-tai, a junket operator identified in a U.S. Senate report in 1992 as a high-ranking gang figure, and named in 2011 by a Hong Kong appeals court as an organized crime leader who ordered the death of a Sands Macau casino dealer.
Although a subordinate was convicted in the dealer murder conspiracy case, Cheung was not charged.
Adelson denied that his company did business with Cheung, and claimed the question was inappropriate, but the Judge insisted that the question was whether Adelson was aware of the death threats against his employee.
Adelson reiterated that whilst he would be interested in any death threats to his employees, his company was not doing business with Cheung. He claimed that the question was intended to portray him badly in relation to Jacobs.
Judge Gonzalez is being asked to rule on whether the Jacobs unfair termination case should be tried in the United States, from where Adelson is alleged to have interfered in the management of his Macau properties, or in Macau, where various events are alleged to have taken place.
Adelson appears to favour the issue being heard in Macau, whilst Jacobs is adamant that the case is within US jurisdiction.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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