THE M3: SANDS ORGANIZED CRIME REPORT

03/30/10 07:27AM EDT

The Macau Metro Monitor, March 30th, 2010

REUTERS REPORT TARGETS SANDS' TIES IN MACAU Las Vegas Review-Journal

A report from Reuters says an examination of Hong Kong court records, U.S. depositions of a former Sands executive and interviews with law enforcement in the United States and Macau show a connection between LVS and Cheung Chi-tai, an investor in a company that helps bring wealthy clients to casinos in Macau. According to Reuters, a Sands Macau patron also said that Cheung ran one of the VIP rooms at the property. Cheung has been accused of masterminding a scheme to murder a Sands Macau dealer suspected of helping a patron cheat millions of dollars from the business, the report said.

The allegations could have legal implications in Nevada for Las Vegas Sands: The state's Foreign Gaming Act requires officials here to determine if professional relationships involving international business partners and locally based casino operators would damage Nevada's reputation.

LVS officials say that Cheung is not listed as a director or shareholder with any gaming promoters the company uses in Macau. The operator also said it manages all its VIP rooms.

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.