Beginning Next Week: InsideCounsel will become part of Corporate Counsel. Bringing these two industry-leading websites together will now give you comprehensive coverage of the full spectrum of issues affecting today's General Counsel at companies of all sizes. You will continue to receive expert analysis on key issues including corporate litigation, labor developments, tech initiatives and intellectual property, as well as Women, Influence & Power in Law (WIPL) professional development content. Plus we'll be serving all ALM legal publications from one interconnected platform, powered by, giving you easy access to additional relevant content from other InsideCounsel sister publications.

To prevent a disruption in service, you will be automatically redirected to the new site next week. Thank you for being a valued InsideCounsel reader!


Las Vegas Sands says it “likely” violated FCPA

SEC, DOJ are investigating casino company

A well-known casino operator is owning up to some serious misdeeds.

Last summer, news organizations reported that the Securities and Exchange Commission and Department of Justice were investigating Las Vegas Sands Corp.—which billionaire Republican Sheldon Adelson owns—for possible violations of the Foreign Corrupt Practices Act (FCPA). The Act prohibits bribery of foreign officials. On Friday, Sands disclosed in a regulatory filing that its board’s audit committee had reached a preliminary finding that “there were likely violations of the books and records and internal controls provisions of the FCPA.”

The findings relate to business deals that ex-Sands executives conducted in China. According to Thomson Reuters, Sands allowed an organized-crime figure to move a $100,000 gambling credit from a Las Vegas casino to one of its Macau casinos.

Sands said in the filing that the investigations would have no impact on its financial records and that it wouldn’t have to restate any previous financial statements.

Read Bloomberg Businessweek for more details about the FCPA investigations.

For more recent FCPA-related coverage from InsideCounsel, read:

Regulatory: The long arm of the FCPA just got longer

Regulatory: A guide to gift-giving around the Chinese New Year

Cheat Sheet: A quick guide to the new FCPA guidance

Top takeaways from the new FCPA guidance

Ashley Post

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.