Sheldon Adelson’s Casino Company Settles Major Lawsuit That Prompted Federal Investigation

The settlement, reported at over $75 million, was announced just days before the lawsuit was to go on trial.

David Becker/ZUMA

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Las Vegas Sands Corp., the casino company controlled by Republican megadonor Sheldon Adelson, agreed on Tuesday to settle a wrongful termination lawsuit by Steve Jacobs, a former Macau executive, who claimed he was fired after refusing orders to perform “illegal activities,” including secretly investigating Macau government officials.

The lawsuit, which prompted a federal investigation into corruption and organized crime inside Adelson’s casino empire, was set to go to trial in September. The Wall Street Journal reports the company paid between $75 to $100 million to settle with Jacobs.

In April, Adelson agreed to pay $9 million to settle a separate, five-yearlong Securities and Exchange Commission bribery investigation looking into the casino magnate’s Chinese properties. He did not admit any wrongdoing.

Read Mother Jonesdeep-dive investigation into the lawsuit, and how Adelson’s Macau dealings are influencing the current presidential election.

Correction: An earlier version of this article misstated the trial’s scheduled date.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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