The company’s culture promoted staying quiet about allegations of sexual misconduct by the boss out of fear of backlash or pointlessness.
“We do not believe this company can grow at the same trajectory nor can it maintain its cutting edge position,” the firm Jeffries wrote.
A decision by the largest ATM provider to set a limit withdrawals in Macau for gamblers from mainland China sent the shares of Adelson’s company, Las Vegas Sands Corp, down 12.8%.
The vast majority of the funds supporting Protecting Nevada’s Children, the political action committee opposing recreational pot, come from Adelson.
A billionaire Macau developer arrested for lying to U.S. customs officials about why he brought $4.5 million in cash into the United States was subpoenaed in 2014 as part of a separate foreign bribery investigation, a source familiar with the matter said on Friday.
At a recent event to launch a pro-Israel mentoring program at UCLA, the speaker introducing Michael Leven gushed, “He was willing to take his own plane and come here to speak to us.”
Casino mogul Sheldon Adelson became a major player in Republican politics in the 2012 elections, when he spent more than $90 million in an unsuccessful effort to oust Democratic President Barack Obama.
Billionaire Sheldon Adelson is willing to bet $10 billion that his Las Vegas Sands will become the leader in casino gambling in Japan, an offer he says his competitors can’t match. What remains to be seen is whether one of the world’s last great untapped gaming markets is willing to bet on him.
The website of a casino operator owned by Jewish billionaire Sheldon Adelson was hacked by unidentified vandals who criticized his support for Israel.
Sheldon Adelson, the billionaire casino magnate and prominent Republican donor, has lost a $60 million libel lawsuit in which he claimed a Democratic group spread a false accusation that he had condoned prostitution in his casinos in Macau.