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Stock Market & Financial Investment News

News Breaks
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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September 2, 2014
16:00 EDTLVSOptions Update; September 2, 2014
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14:16 EDTLVSMacau casinos retreat after revenue downturn accelerates
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07:02 EDTLVSMacau reports August casino revenue down 6.1% to 28.88B patacas
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August 28, 2014
09:32 EDTLVSNevada reports July statewide gaming win up 0.65% to $931.8M
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August 26, 2014
07:26 EDTLVSMacau estimates lowered at Morgan Stanle
Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.
05:50 EDTLVSLas Vegas Sands receives construction permit for Parisian Macao
Las Vegas Sands announced that the company has received the government permit needed for construction on the $2.7B Parisian Macao to resume this week. The company said additional permits will be necessary as the development continues, but after undergoing a brief work stoppage, this approval enables work on the critical podium structure to restart immediately.

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