FCPA Scrutiny For Gaming Industry: Beyond Las Vegas Sands

Law360, New York (March 13, 2013, 11:42 AM EDT) -- On March 1, 2013, the parent company of Las Vegas Sands Corp. reported in a filing to the U.S. Securities and Exchange Commission that the company may have violated the “books and records and internal control provisions” of the Foreign Corrupt Practices Act of 1977, as amended, 15 U.S.C. §§ 78dd-1, et seq. In a subsequent release, Sands reiterated that it only failed to properly track expenditures as required by the FCPA’s “accounting” provision and that its agents did not bribe foreign officials. Media reports have...
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