{"id":32316,"date":"2015-11-04T13:07:02","date_gmt":"2015-11-04T21:07:02","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=32316"},"modified":"2015-11-04T15:20:25","modified_gmt":"2015-11-04T23:20:25","slug":"sheldon-adelson-investigation-called-by-political-watchdog-group","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sheldon-adelson-investigation-called-by-political-watchdog-group\/","title":{"rendered":"Sheldon Adelson Investigation Over Alleged Triad Links Called for By Political Watchdog Group"},"content":{"rendered":"
\"Sheldon
Triad and true? A report on LVS CEO Sheldon Adelson compiled as part of a wrongful termination lawsuit may hold the real story behind the company\u2019s business dealings in Macau. (Image: agroatrato.com)<\/figcaption><\/figure>\n

Did Sheldon Adelson\u2019s Las Vegas Sands Corp. (LVS) have dealings with some Hong Kong Triads as part of its Macau operations? This is exactly what a political watchdog wants Congress to investigate.<\/p>\n

The Washington DC-based Campaign for Accountability<\/a> (CFA) is demanding Congress launch an official inquiry into alleged ties between LVS and Hong Kong\u2019s notorious organized crime gangs.<\/p>\n

The move comes following a judge\u2019s refusal to publish the contents of a report compiled as part of the wrongful termination lawsuit brought against the LVS by the former president and CEO of Sands China, Mark Jacobs.<\/p>\n

Jacobs claims he was fired for \u201cwhistleblowing on improprieties\u201d within the company, while Adelson says Jacobs made up allegations in order to blackmail LVS.<\/p>\n

Triad Junket Connection<\/h2>\n

Until the recent crackdown by Beijing, Macau\u2019s casinos relied heavily on junket operators to bring VIP\u2019s from China into the gambling hub, with Chinese high rollers accounting for some 60 percent of revenues.<\/p>\n

Since many of the biggest junkets are known to have been infiltrated by Triad gangs, and because LVS is one of the biggest operators in Macau, CFA alleges it\u2019s possible that LVS may have enjoyed a symbiotic relationship with one or more of these groups.<\/p>\n

The court report, which was authored by a former head of the Royal Hong Kong Police\u2019s Criminal Intelligence Bureau, Steve Vickers, may or may not hold the answer.<\/p>\n

In June, the CFA and the UK\u2019s Guardian<\/em> newspaper filed separate motions requesting that the trial judge divulge the contents of the report on the grounds that it was in the public interest.<\/p>\n

Now, the CFA is demanding that the chairman of the Senate Committee on Homeland Security and Governmental Affairs and the Federal Election Commission investigate LVS\u2019 business dealings in Macau.<\/p>\n

\u201cFederal authorities have long been concerned about the reach of the tentacles of Chinese organized crime,\u201d said CFA Executive Director Anne Weismann in an official statement. \u201cIf triad money is winding up in the campaign coffers of US politicians through Mr. Adelson\u2019s contributions, the American people deserve to know it.\u201d<\/p><\/blockquote>\n

He Said They Said<\/h2>\n

LVS spokesman Ron Reese denied the allegations, calling them \u201ca political stunt to try and discredit Mr Adelson’s name.\u00a0The unsubstantiated allegations are nothing new,\u201d he said. “This stuff has been dragged out before and was repudiated by the DCCC.”<\/p>\n

The Democratic Congressional Campaign Committee made similar claims in 2012, which it was ultimately forced to retract before apologizing to Adelson.<\/p>\n

In 2013, Adelson told a Las Vegas courtroom that he backed out of a venture to jointly run a casino in Macau with Galaxy Entertainment because its people had \u201cexpressed their judgement they were going to do business with either reputed or triad people and we couldn’t do that.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Did Sheldon Adelson\u2019s Las Vegas Sands Corp. (LVS) have dealings with some Hong Kong Triads as part of its Macau operations? This is exactly what a political watchdog wants Congress to investigate. The Washington DC-based Campaign for Accountability (CFA) is demanding Congress launch an official inquiry into alleged ties between LVS and Hong Kong\u2019s notorious […]<\/p>\n","protected":false},"author":42,"featured_media":32329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,13,18],"tags":[],"acf":[],"yoast_head":"\nSheldon Adelson Investigation Over Alleged Triad Links Called for By Political Watchdog Group<\/title>\n<meta name=\"description\" content=\"Sheldon Adelson and Las Vegas Sands Corporation under scrutiny over alleged business dealings with triads n Macau. 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