Saturday, August 13, 2022

Adelson denies Sands officials colluded against Jacobs


Las Vegas casino mogul Sheldon Adelson has vehemently denied Las Vegas Sands officials had a hand in firing Steven Jacobs as Sands China Ltd. president in July 2010. 

According to the Washington Times, Adelson, appearing on the witness stand before a Nevada judge, told  Jacobs’ lawyer that “LVS  had nothing to do with his termination.”

Adelson said Jacobs’ allegations of misdeeds at the company that he was attempting to expose were “fabricated, outrageous, blackmailing.” 

Adelson and Las Vegas Sands President Michael Leven tallied 35 reasons to dismiss Jacobs. But Jacobs’ lawyer, James Pisanelli, showed Adelson a 47-word letter of July 23, 2010, firing Jacobs. It was signed by Adelson, and it listed no reasons. Pisanelli also showed an August 5, 2010, list on Venetian Macau letterhead of reasons for the action. It contained 12 items.

Pisanelli and Jacobs lawyer Todd Bice later told the judge that among the tens of thousands of documents turned over to them in the case, they’ve never received a list with as many items as Adelson counted.

“I wanted him to be fired for many months for many reasons. Period,” Adelson declared on the stand.”

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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