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March 2, 2013
18:21 EDTLVSLas Vegas Sands discloses in a 10K filing of 'likely' violations of FCPA
Las Vegas Sands disclosed in a regulatory filing on Friday: "On February 9, 2011, Las Vegas Sands received a subpoena from the Securities and Exchange Commission, SEC, requesting that the company produce documents relating to its compliance with the Foreign Corrupt Practices Act, FCPA. The company has also been advised by the Department of Justice, DOJ, that it is conducting a similar investigation. As part of the annual audit of the company’s financial statements, the Audit Committee advised the company and its independent accountants that it had reached certain preliminary findings, including that there were likely violations of the books and records and internal controls provisions of the FCPA and that in recent years, the company has improved its practices with respect to books and records and internal controls. Based on the information provided to management by the Audit Committee and its counsel, the Company believes, and the Audit Committee concurs, that the preliminary findings: do not have a material impact on the financial statements of the Company; do not warrant any restatement of the Company’s past financial statements; and do not represent a material weakness in the Company’s internal controls over financial reporting as of December 31."
News For LVS From The Last 14 Days
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November 24, 2015
16:40 EDTLVSCfA retracts certain statements regarding Sheldon Adelson
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November 18, 2015
13:05 EDTLVSLas Vegas Sands, MGM slip after Wynn reports opening delay for Macau casino
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November 17, 2015
10:41 EDTLVSMacau sees gaming revenue slump continuing, Bloomberg says
Macau's chief executive Fernando Chui is targeting casino revenue of $25B in 2016 about half of what it took in last year, says Bloomberg. Macau's gaming revenue fell for 17th straight month in October as China's economy slows and efforts to curb corruption continue, Bloomberg added. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL). Reference Link
November 16, 2015
08:33 EDTLVSScientific Games announces retirement of CFO Scott Schweinfurth
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07:18 EDTLVSDeutsche Bank to hold a conference
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