4. So Long Sheldon
Hmmm. This truly is a puzzler. Is it bigger than a breadbox? What about a breadbox filled with dollar bills under the arm of a Chinese official? Is it bigger than that? Unfortunately, PWC offered even less information as to why it was bidding Adelson adieu. All it said in its letter to the SEC was that it agreed with the Las Vegas Sands' public filings regarding the end of their affair. Thanks a lot guys. You've been very helpful. Not. One serious possibility is that Adelson's crew are seeking a Chinese or Hong Kong-based accounting firm to sign off on its books now that Asia's high rollers are puddle jumping to Macau instead of jetting all the way to Vegas to place their bets. Of course, a drastic move like that would undoubtedly unnerve Sands' shareholder base considering the widespread distrust of Chinese auditors in the wake of all those reverse merger blowups. As to whether Adelson personally gives a GAAP which pencil pusher signs off on his company's financials, we highly doubt it. Sheldon plays by his own rules and he has no qualms paying big bucks to do so. In the last election cycle the 79-year old billionaire spent $98 million on at least 34 different candidates and groups. In other words, Sheldon is accountable to nobody but Sheldon because in his mind he's the biggest breadbox around.