Las Vegas Sands seeking new accounting firm

Las Vegas Sands says PricewaterhouseCoopers is stepping down as its accounting firm

Associated Press

NEW YORK (AP) -- Casino company Las Vegas Sands Corp. said Friday that PricewaterhouseCoopers will no longer be its accounting firm, and it's looking for a new one.

Las Vegas Sands said PricewaterhouseCoopers had indicated to it on Tuesday that it did not want to continue as its accountant. In a filing with the Securities and Exchange Commission, the company said it has not had any disagreements with PricewaterhouseCoopers on accounting practices, financial disclosures, or auditing.

PricewaterhouseCoopers' reports on Las Vegas Sands in 2011 and 2012 did not contain any negative opinions.

Shareholders must approve the company's accounting firm.

PricewaterhouseCoopers will step down after reviewing Las Vegas Sands' first-quarter results and finishing some other auditing services.

Las Vegas Sands, run by billionaire Sheldon Adelson, owns casinos in the U.S. and Asia. It derives 60 percent of its profit from Macau, the Chinese gambling enclave, where it owns four casinos.

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