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Howard Stutz Gaming Guru - Page 276Inside gaming column: Testimony may leave lasting ache for Sands28 April 2008
LAS VEGAS, Nevada -- Whether Las Vegas Sands Corp. ever pays a dollar to a Hong Kong businessman who is suing the company, testimony in Clark County District Court last week could cost the casino operator millions in damaged reputation and potential shareholder action.
Chairman and Chief Executive Officer ... (read more)
Las Vegas Sands' mistrial request rejected25 April 2008
LAS VEGAS, Nevada -- Las Vegas Sands President Bill Weidner testified Thursday the company is spending $8 million to $10 million to defend itself against allegations from a Hong Kong businessman -- a statement that led to another request for a mistrial.
Clark County District Judge Michelle Leavitt ... (read more)
MGM Mirage chief asks staff not to sign teachers union petition25 April 2008
LAS VEGAS, Nevada -- MGM Mirage asked its roughly 58,000 Nevada employees to not sign a petition being circulated by the state teachers union seeking to increase the state gaming tax by 44 percent.
The missive came right from the top of the company.
In an e-mail sent Wednesday by MGM Mirage ... (read more)
Moody's lowers Herbst Gaming's bond rating24 April 2008
LAS VEGAS, Nevada -- Moody's Investment Service on Wednesday lowered its bond ratings for Herbst Gaming, less than a month after the casino operator told investors it might have to seek bankruptcy protection.
The rating service said Herbst has not yet negotiated a forbearance agreement with its lenders. ... (read more)
Sands exec: Family link reason for Suen's role24 April 2008
LAS VEGAS, Nevada -- Las Vegas Sands Corp. President Bill Weidner said Wednesday that he didn't like working with Hong Kong businessman Richard Suen and would have stopped trying to negotiate a deal with him if Suen didn't have a business relationship with company Chairman Sheldon Adelson's brother.
... (read more)
Financial outlook for Sands discussed23 April 2008
LAS VEGAS, Nevada -- An internal Las Vegas Sands Corp. document that lowers the company's adjusted financial forecast for 2008 by $312 million became the focus of heated arguments Tuesday between lawyers in a civil lawsuit brought by a Hong Kong businessman against the casino operator.
Attorneys for ... (read more)
Inside gaming: Fertittas are latest Forbes cover boys22 April 2008
LAS VEGAS, Nevada -- Pop Quiz: Can you name the first Las Vegas casino executives to be featured on the cover of Forbes magazine since 2001?
Steve Wynn? Guess again. Sheldon Adelson? That answer is only partially correct. Terry Lanni or Kirk Kerkorian? No on both accounts.
Station Casinos ... (read more)
Adelson offers conflicting testimony22 April 2008
LAS VEGAS, Nevada -- Las Vegas Sands Chairman and CEO Sheldon Adelson offered conflicting testimony Friday about whether he or a top executive of his company breached fiduciary responsibilities and offered to pay a Hong Kong businessman to find investors and help obtain a casino license in ... (read more)
Sands exec testifies he tried to negotiate deal with Suen22 April 2008
LAS VEGAS, Nevada -- Las Vegas Sands Corp. President Bill Weidner attempted throughout 2001 to negotiate a financial arrangement with a Hong Kong businessman who was trying to help the casino operator obtain a gambling license in Macau.
Weidner, testifying in a Clark County District Court civil ... (read more)
Adelson fights lawsuit18 April 2008
LAS VEGAS, Nevada -- Las Vegas Sands Corp. Chairman Sheldon Adelson said Thursday he didn't believe a Hong Kong businessman could help his casino company win a gaming concession in Macau because, at the time, there wasn't any opportunity for casino expansion in the Chinese special administrative ... (read more)
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