The allegations of fraud focus on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Bloomberg reported on September 16, 2020, that Las Vegas Sands’ Singapore casino, Marina Bay Sands, “has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties[.]” Singapore’s Casino Regulatory Authority stated “there were weaknesses in [Marina Bay Sands’] casino control measures pertaining to fund transfers[.]” Based on this news, shares of Las Vegas Sands fell by 4.2% on the same day.
Las Vegas Sands Corp.
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