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Sheldon Adelson's bid to have a court action heard in Macau defeated
Saturday May 23,2015 : ADELSON LOSES BID TO HAVE CASE TRIED IN MACAU (Update)
US judge says issue best heard in Vegas.
Las Vegas Sands owner Sheldon Adelson's bid to have a court action heard in Macau rather than in the United States was defeated Friday when US federal Judge Elizabeth Gonzalez ruled that the full case could be heard in the Nevada.
Adelson is being sued by former Macau executive Steven Jacobs, who has alleged that Adelson improperly fired him in part for blocking hundreds of thousands of dollars in payments to a Macau legislator and lawyer because he felt these may breach US anti-bribery laws. Jacobs also alleges Adelson opposed his attempts to break links to Asian organised crime triads.
Adelson claims that his company was justified in firing Jacobs because he was incompetent.
The case, in which a combative Adelson spent four days under examination and at times contradicted the evidence of his own executives ), has aired questionable decisions allegedly made by the billionaire.
Reporting on the latest developments, The Guardian newspaper speculates that the case potentially has implications for Adelson’s Las Vegas Sands casinos because evidence of ties to criminal organisations could cost them their gaming licences.
"It could also have a bearing on the 81-year-old billionaire’s considerable political influence," the Guardian report continues. "He is estimated to have spent $150m in a failed bid to secure a Republican victory over Barack Obama in the last presidential election and is being vigorously courted by Republican candidates in the next race."
In deciding against Adelson in the case, Judge Gonzalez commented: “This matter has been pending in Nevada courts for almost five years. Judicial economy would be served by continuing this litigation in Nevada.”
Adelson's company is expected to appeal against the decision.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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