Sheldon Adelson’s Las Vegas Sands Corp. lost a bid to throw out claims by its former Macau casinos chief that the billionaire required him to collect compromising information on government officials in the Asian gaming hub.
A Nevada state judge ruled Friday that her court has jurisdiction over the case against Sands China Ltd. That allows Steven Jacobs to proceed with his lawsuit alleging he was wrongfully fired in 2010 from his position as chief executive officer of Sands China.
Adelson has denied the claims, and said Jacobs was fired for working on unauthorized deals and violating company policy.
The 81-year-old gaming mogul took over as chief executive officer of Sands China in March as his most lucrative properties face a sharp decline of gaming revenue after years of rapid growth. Sands China, which last year accounted for about two-thirds of Las Vegas Sands’ total revenue, reported a 54 percent drop in first-quarter profit in April.
The case is Jacobs v. Las Vegas Sands Corp., A-10-627691-B, Nevada District Court, Clark County (Las Vegas).