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While Adelson shares political limelight, Macau investigates

It’s his political interests that generate most of Las Vegas Sands casino billionaire Sheldon Adelson’s headlines these days. His multimillion-dollar contributions to the Mitt Romney-friendly “Restore Our Future” super PAC and presence at the presumptive Republican presidential candidate’s speech in Israel continue to buzz through the nation’s political media.

But now that the Macau government has opened an official investigation of Sands China’s operations, the focus may be about to change.

As Reuters reports today in a story by Farah Master and Sue Zeidler, “The Macau government has launched an official investigation into Sands China, owned by billionaire Sheldon Adelson, after the company transferred documents linked to a wrongful dismissal case to the United States from Macau.

“It is the latest twist in a saga that has become a firestorm for the casino mogul, who owns casinos in Las Vegas, Macau and Singapore and is the most active donor in U.S. Republican candidate Mitt Romney's presidential campaign."

It's that wrongful termination case that has led to federal investigations of Sands' business practices in Macau, including an investigation by the Department of Justice into whether the company has violated the Foreign Corrupt Practices Act.

Reuters: “Adelson's lawyers are due to face an August 30 hearing in the United States, where District Court Judge Elizabeth Gonzales will decide whether Las Vegas Sands Corp withheld financial documents in a case in which the 78-year-old is accused of having personally approved of prostitution at the company's casino in China's special administrative region of Macau.”

The company denies any wrongdoing.

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