Marina Bay Sands casino under probe by the US juctice department | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
May 23, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, MAY 23, 2025
Marina Bay Sands casino under probe by the US juctice department

Global Economy

TBS Report
05 June, 2020, 10:00 am
Last modified: 05 June, 2020, 10:04 am

Related News

  • Walton to expand footprint in Singapore
  • Singapore votes in test of ruling party's monopoly
  • Singapore orders foreigners' Facebook posts taken down under new election rules
  • Bangladesh, Singapore to finalise FTA by 2026
  • Fakhrul to return home Monday from Singapore

Marina Bay Sands casino under probe by the US juctice department

Prosecutors asked the former compliance head, as a person with knowledge of the casino's operations, to produce records related to any such violations including through gambling junkets and third-party lending using casino credit, the document shows

TBS Report
05 June, 2020, 10:00 am
Last modified: 05 June, 2020, 10:04 am
 Marina Bay Sands casino under probe by the US juctice department

US Department of Justice is launching an investigation against billionaire Sheldon Adelson's Marina Bay Sands casino in Singapore to check whether anti-money laundering regulations were breached while handling the accounts of top gamblers.

The Justice Department in January issued a grand jury subpoena to a former compliance chief of Marina Bay Sands Pte, seeking an interview or documents on "money laundering facilitation" and any abuse of internal financial controls, according to a copy of the subpoena seen by Bloomberg News, reports The Straits Times.

Prosecutors asked the former compliance head, as a person with knowledge of the casino's operations, to produce records related to any such violations including through gambling junkets and third-party lending using casino credit, the document shows.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The US inquiry, which people familiar with the matter said is likely in its early stages, is also seeking to establish if there was any retaliation against whistleblowers, according to the subpoena.

Sands shares fell as much as 5.3 per cent on Bloomberg's report before recovering some ground. Other operators, including MGM Resorts International and Wynn Resorts, gave up some of their gains on a day that the Las Vegas Strip saw its casinos open for the first time since March due to the coronavirus.

Marina Bay Sands is one of the most profitable casinos in the world, accounting for more than a fifth of revenue and about a third of operating income at the US parent. Las Vegas Sands' Asian operations, which also include Macau, contributed about 85 per cent of the company's $13.7 billion in revenue last year, and have helped make Adelson one of the richest men in the US.

Top News

MArina Bay Casino / US Justice Department / Singapore

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • File photo of Nasiruddin Patwari/Collected
    NCP trying to unite Islamist, pro-Bangladeshi forces: Patwary
  • Nahid Islam, head of National Citizens Party (NCP). File Photo: AFP
    Yunus must uphold promises on reform, justice, voting rights: Nahid
  • Bangladesh Nationalist Party’s Standing Committee member Abdul Moyeen Khan gestures during an interview with Reuters at his residence in Dhaka, Bangladesh, December 18, 2023. Photo: REUTERS/Sam Jahan/File Photo
    People want Yunus' dignified exit after holding election at earliest: BNP's Moyeen

MOST VIEWED

  • Amid rumours, ISPR publishes complete list of 626 individuals sheltered in cantonments after Hasina’s ouster
    Amid rumours, ISPR publishes complete list of 626 individuals sheltered in cantonments after Hasina’s ouster
  • Illustration: TBS
    Prof Yunus considering resignation: Nahid tells BBC Bangla after meeting CA
  • Govt backtracks for now on implementing NBR split
    Govt backtracks for now on implementing NBR split
  • Commuters sit on the floor at Shahbagh metro station amid an increased crowd on 22 May 2025. Photo: Sadiqe Al Ashfaqe/TBS
    Dhaka metro sees spike in passengers amid protest-choked city roads
  • The Advisory Council of the interim government holds a meeting at the state guest house Jamuna in Dhaka on 10 May 2025. Photo: PID
    What CA Yunus discussed with Advisory Council about 'resignation'
  • Five political parties hold meeting at the office of Inslami Andolan on 22 May 2025. Photo: Courtesy
    5 parties, including NCP and Jamaat, agree to support Yunus-led govt to hold polls after reforms

Related News

  • Walton to expand footprint in Singapore
  • Singapore votes in test of ruling party's monopoly
  • Singapore orders foreigners' Facebook posts taken down under new election rules
  • Bangladesh, Singapore to finalise FTA by 2026
  • Fakhrul to return home Monday from Singapore

Features

The well has a circular opening, approximately ten feet wide. It is inside the house once known as Shakti Oushadhaloy. Photo: Saleh Shafique

The last well in Narinda: A water source older and purer than Wasa

2h | Panorama
The way you drape your shari often depends on your blouse; with different blouses, the style can be adapted accordingly.

Different ways to drape your shari

4h | Mode
Shantana posing with the students of Lalmonirhat Taekwondo Association (LTA), which she founded with the vision of empowering rural girls through martial arts. Photo: Courtesy

They told her not to dream. Shantana decided to become a fighter instead

2d | Panorama
Football presenter Gary Lineker walks outside his home, after resigning from the BBC after 25 years of presenting Match of the Day, in London, Britain. Photo: Reuters

Gary Lineker’s fallout once again exposes Western media’s selective moral compass on Palestine

2d | Features

More Videos from TBS

Rare Bostami Turtles Face Extinction Due to Lack of Conservation

Rare Bostami Turtles Face Extinction Due to Lack of Conservation

3h | TBS Stories
American Army trains fire service in Cox's Bazar to deal with disasters

American Army trains fire service in Cox's Bazar to deal with disasters

4h | TBS Today
An Actor Turned Storyteller

An Actor Turned Storyteller

2h | TBS Programs
Professor Yunus 'thinking about resigning': Nahid Islam

Professor Yunus 'thinking about resigning': Nahid Islam

21h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net