The Wall Street Journal reports today that an internal memo from the Las Vegas Sands general counsel offers a window into the federal investigation into the company's Macau casinos. The Sands has been a key player in the effort to bring "destination" resort casinos to Florida.
Here is the top of the WSJ story:
HONG KONG -- An internal memo from the general counsel for Las Vegas Sands Corp. shows that it is seeking to secure a list of government officials who have gambled at the company's Macau casinos—indicating a possible focus of the U.S. government's bribery investigation into the company.
Las Vegas Sands disclosed in March that the U.S. Securities and Exchange Commission and the U.S. Justice Department were investigating whether the company violated the Foreign Corrupt Practices Act. No details of the probe have been released.
The memo, from Las Vegas Sands General Counsel Gayle Hyman to company employees, closely matches a subpoena sent by the SEC, a person familiar with the matter said.
Ms. Hyman's memo, which was reviewed by The Wall Street Journal, instructs employees at Sands to retain documents regarding "transmission of anything of value" to current and former Macau government officials and their family members. The memo also names several Sands employees and contractors about whom documents must be preserved. Among those people is a prominent Macau lawyer who is a focus of a dispute between the company and its former chief executive for Macau.