HONG KONG (
, the Macau unit of
Las Vegas Sands
, said Thursday it is under investigation over "alleged breaches" of securities regulations in Hong Kong.
"The company has been informed by the Securities and Futures Commission of Hong Kong that the company is under investigation by the SFC in relation to alleged breaches of the provisions of the Securities and Futures Ordinance and has been requested to produce certain documents, " Sands China said in a statement.
Sands China, one of six companies licensed to operate casinos in Macau, added it "isn't permitted to comment further at this time."
In early March,
from the U.S.
Securities and Exchange Commission
requesting the company provide compliance documents related to the Foreign Corrupt Practices Act. It also said it was the subject of an investigation by the Department of Justice.
Las Vegas Sands said it was providing all documentation with respect to its Macau operations.
Analysts believe the allegations stem from claims made by Steve Jacobs, former CEO of Sands China, regarding the bribing of officials. Las Vegas Sands has publicly denied the allegations.
It's not clear if the Hong Kong investigation is related to the U.S. probe, but one lawyer told
the SFC case in Hong Kong was likely to be a disclosure issue related to the U.S. investigation and the Foreign Corrupt Practices Act.
-- Written by Joseph Woelfel
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