Richard Suen, the fixer who helped introduce Adelson to Chinese officials, had sued over a deal he had hammered out with Weidner: For helping the company get a gambling license, Suen said, he'd been promised $5 million and 2 percent of LVSC's Macau profits.
Bank credit froze just as Sands was building massive new casino projects in Macau, LVSC had more than $10 billion in debt and was on the verge of bankruptcy when Adelson injected $1 billion of his own money to keep it afloat.
TO SHORE UP LVSC's dismal finances, Jacobs began preparing to spin off the company's Macau holdings into Sands China, a new entity that could be independently listed on the Hong Kong stock exchange.
When Sands China, the spinoff, went public in November, it raised more than $2.5 billion, and Jacobs, now president of the new entity, was heralded as LVSC's savior.
Jacobs wanted to tell LVSC's board about the relationship, but he says Adelson stopped him.
On the face of it, it may seem as though the gambling boom is being driven by the casinos themselves, but according to LVSC
, they are simply reacting to the demands of the market.