NEW YORK, Oct. 2, 2020 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Las Vegas Sands Corp. (NYSE: LVS) resulting from allegations that Las Vegas Sands may have issued materially misleading business information to the investing public.
On September 16, 2020, Bloomberg reported that the Company’s Singapore casino, Marina Bay Sands, “has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties[.]” Further, the article quoted Singapore’s Casino Regulatory Authority stating “there were weaknesses in [Marina Bay Sands’] casino control measures pertaining to fund transfers[.]”
On this news, Las Vegas Sands stock price fell $2.18 per share, or 4%, to close at $49.67 per share on September 16, 2020.
Rosen Law Firm