LAS VEGAS, May 5 (Reuters) - Las Vegas Sands Chief Executive Sheldon Adelson denied accusations of wrongdoing in China's casino center of Macau on Tuesday, telling a Las Vegas court that the former head of Sands China had fabricated allegations in a wrongful termination lawsuit.
The Las Vegas court is deciding whether it has jurisdiction to hear the case by Steve Jacobs, the former head of Sands China, in which Las Vegas Sands has a controlling stake.
Adelson is a billionaire and major Republican donor who helped engineer Las Vegas casinos' expansion into Macau.
Jacobs said he was unfairly fired, and he accused Adelson of questionable activities, including instructing him to secretly investigate senior Macau officials to find negative information to exert "leverage" and thwart unwanted government regulations.
Adelson over several days of testimony denied those allegations and said Jacobs had fabricated them.
"He's extremely clever, and I think he's so clever and cunning he should be a fictional book writer," Adelson said on Tuesday.
LAS VEGAS (AP) -- Casino mogul Sheldon Adelson found himself answering questions in a Las Vegas courtroom on Tuesday about what he knew about a plot to behead employees in Macau and if Chinese government promises were broken as Las Vegas Sands Corp. developed properties on the lucrative Cotai Strip.
The billionaire chairman of Sands and Venetian resorts in Las Vegas, Macau and Singapore testified at proceedings that mostly focused on jurisdiction for the wrongful termination lawsuit filed by ousted Sands China Ltd. chief Steven Jacobs.
On a construction site dormant since Boyd Gaming abandoned its plans for the Echelon resort, the first phase of Resorts World Las Vegas, a 3,000-room Chinese-themed mega-resort, broke ground Tuesday.
Resorts World Las Vegas, which will be built on the Las Vegas Strip. Genting Group wants to bring a live panda habitat, a replica of the Great Wall of China, a 7.5-acre indoor water amusement park, tea gardens and other family attractions to lure visitors.
Sentiment: Strong Buy
No real news today..We are flat till we hear first week of May Macau numbers which I think will show improvement..Talk now of smoking lounges..Trying to time Yahoo..
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