Pursuits
Sands’ China Unit Is Investigated by Hong Kong Regulators
This article is for subscribers only.
Las Vegas Sands Corp.’s Sands China Ltd., said it’s being investigated by the Hong Kong Securities and Futures Commission for alleged breaches of regulations, following U.S. probes of the parent company.
Sands China, the Macau casino operator, slid the most in four weeks in Hong Kong today after saying in a statement that it was “requested to produce certain documents.” Las Vegas Sands fell in the U.S. The company said this month it is being investigated by the U.S. Securities and Exchange Commission and Justice Department, which have sought documents related to the Macau unit’s compliance with the Foreign Corrupt Practices Act.