Adelson settles lawsuit with ex-head of China casino unit

Billionaire Sheldon Adelson’s casino company is settling a long-running lawsuit with the former head of its Chinese arm.

Sands China said Wednesday that both sides “reached a comprehensive and confidential settlement” with Steven Jacobs, the company’s former CEO. Jacobs’ wrongful termination case against Adelson and Sands China’s parent, Las Vegas Sands Corp., had threatened to disclose boardroom decisions about how the company developed its lucrative interests in the Chinese gambling enclave of Macau.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4810496,00.html

Leave a Reply

Your email address will not be published. Required fields are marked *