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Sands Sued by Former China Chief for Contract Breach

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Oct. 22 (Bloomberg) -- Steven Jacobs, the former chief executive of Sands China Ltd., sued Las Vegas Sands Corp. and its Hong Kong-listed casino operator, claiming they breached his employment contract.

Jacobs, fired by Sands China’s board on July 23 for reasons it didn’t disclose, filed his complaint in a court in Clark County, Nevada, according to the court’s website. The complaint wasn’t available.

“We deny the allegations,” Jacqueline Wu, a spokeswoman for Sands China, said today.

Billionaire Sheldon Adelson is the chairman and chief executive officer of Las Vegas Sands, the world’s largest casino by market capitalization. Company spokesman Ron Reese said in July that the dismissal “is not about any dispute between Mr. Adelson and Mr. Jacobs.”

Jacobs was hired in 2009 as president of Las Vegas Sands’ Macau operations and was named chief executive in August 2009.

To contact the reporters on this story: Debra Mao in Hong Kong at dmao5@bloomberg.net; Wendy Leung in Hong Kong at wleung12@bloomberg.net

To contact the editor responsible for this story: Douglas Wong at dwong19@bloomberg.net

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