Carson City, NV – The Nevada Gaming Control Board (“NGCB”) announced today that it has filed a Complaint against Las Vegas Sands Corp. (the “Company”), Las Vegas Sands, LLC and Venetian Casino Resort, LLC (collectively, the “Respondents”) alleging certain violations of the Nevada Gaming Control Act and Regulations of the Nevada Gaming Commission (“NGC”). The NGCB also announced that it has entered into a Stipulation for Settlement and Order (the “Settlement”) with the Respondents in which the Respondents neither admit nor deny the allegations set forth in the Complaint and agree to pay a fine in the amount of $2 million. The Complaint and Settlement are public documents and will be posted on the GCB website. The allegations revolve around a previously announced settlement the Respondents reached with the Securities and Exchange Commission dated April 7, 2016 and a previously announced non-prosecution agreement the Respondents reached with the U.S. Attorney’s Office for the Central District of California dated August 26, 2013. The Settlement is subject to approval by the NGC and is scheduled for consideration during May 19, 2016 meeting.
