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Sheldon Adelson, the billionaire founder of Las Vegas Sands, was forced to take the stand in Might. What started as a wrongful dismissal trial brought by Steven Jacobs, the former CEO of Adelson’s Macau casinos, has turned into a thing bigger. It really is turned into a show of the corruption, crime, and influence peddling that allegedly characterized the Wild West small business culture of Macau's hey-day. What is new, and the reason why it seems the world is working in concert against the market, is the international attain of casino firms. Globe-trotting high rollers can hop onto their jets and fly across borders to their funds at one casino affiliate and then a different. In China there are reports that officials have raided a travel agency that functions with Korean casinos, arresting their direct marketers, and probably some gamblers. The extent of the damage is as yet unclear, but Korean casino stocks fell ten% on the news. The missing funds reportedly consisted totally of 50k ($46) Korean won notes, which would tip the scales at over 617 lbs.

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