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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

SEC declination for Wynn

Here’s a disclosure by Wynn Resorts from its Form 8-K filed with the SEC earlier this month:

On February 13, 2012, Wynn Resorts, Limited (the “Company”) filed a Report on Form 8-K disclosing that it had received a letter from the Salt Lake Regional Office (the “Office”) of the Securities and Exchange Commission (the “SEC”) advising the Company that the Office had commenced an informal inquiry with respect to certain matters, including a donation by Wynn Macau, Limited, an affiliate of the Company, to the University of Macau Development Foundation.

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China Corruption Blotter (July 26, 2013)

Li Daqiu, vice chairman of the Guangxi provincial Political Consultative Conference, is under investigation for violations of party discipline. Authorities have not disclosed details of Li’s wrongdoings but local media reports quote sources close to Li as saying that Li’s relatives have reaped huge benefits from local mining and infrastructure industries.… Continue Reading

Sands says internal controls now fixed

Las Vegas Sands Corp. said Friday that an internal investigation by its Audit Committee found ‘likely violations of the books and records and internal controls provisions of the FCPA.’ But after improvements, the company’s internal controls now have no ‘material weakness.’… Continue Reading

Las Vegas Sands reports ‘likely violations’

Gaming giant Las Vegas Sands said in an SEC filing last week that an internal investigation found possible FCPA violations.

The company said the likely violations were of the books and records and internal controls provisions of the FCPA, not the antibribery provisions.… Continue Reading

Guangdong, Hong Kong, and Macau issue joint anti-graft guidance

Hong Kong’s Independent Commission Against Corruption (ICAC), Macau’s Commission Against Corruption, and the top enforcement agency of Guangdong Province collaborated on a recently released anti-corruption guidebook for small and medium enterprises (SMEs) engaging in cross-border commercial activities.… Continue Reading

Taking Out Macau’s Trash

From the China Compliance Digest (Issue No. 5: March 5, 2012):

Two former directors of Macau Waste Systems Company (CSR) were each sentenced to 39 months in prison last month for conspiring to bribe Ao Man Long, one of the most infamously corrupt officials in Macau’s history.… Continue Reading