Sands Casino Hacked, CEO Adelson Targeted

reminiscences of a stock operator pdf

The website of the Las Vegas Sands Corp. (NYSE:LVS), the world’s largest casino operator, was hacked with messages critical of the firm’s CEO Sheldon Adelson appearing on the home page, according to a report in Bloomberg Businessweek.

The company said it is working with law enforcement to find and hold those responsible for the hacking, according to the report. The Federal Bureau of Investigation is aware of the situation and is “addressing it as appropriate,” an FBI spokeswoman was quoted as saying.  The Nevada State Gaming Control Board is also investigating.

Adelson’s apparent political motivations

Before Las Vegas Sands Corp. (NYSE:LVS)’ site was taken down it contained an image of Adelson posing next to Israeli Prime Minister Benjamin Netanyahu and included a map of the world with flames where Sands has U.S. casinos, according to the Morning Call newspaper in Allentown, PA.  There was also scrolling personal information about employees including e-mail addresses and social security numbers, according to the newspaper, which posted a video of the images on its site. “Damn A, don’t let your tongue cut your throat. Encouraging the use of weapons of mass destruction, under any conditions, is a crime,” the newspaper reported.

Sands Casino Resort CEO, Sheldon Adelson, the fifth most wealthy American with $39 billion to his name according to Forbes, has been a staunch supporter of Israel, was attacked in the web site hack over comments he made about Iran’s nuclear program.

The attack could represent the first time that Adelson’s business empire has felt the impact of the 80-year-old Republican’s outspoken political positions.  In the 2012 presidential campaign, Adelson was famous for donating $5 million to the presidential campaign of Newt Gingrich, which was then credited with keeping the former Congressional leader alive in the race.  In a Wall Street Journal op-ed, “I Didn’t Leave the Democrats. They Left me,” Adelson specifies reasons why he switched political parties. In it he claimed Republicans are more supportive of Israel than Democrats and cited statistics suggesting Republicans are more charitable than Democrats.



About the Author

Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing a trading program’s strategy and mapping it to a market environment and performance driver. He provides analysis of managed futures investment performance and commentary regarding related managed futures market environment. A portfolio and industry consultant, he was an adjunct instructor in managed futures at Northwestern University / Chicago and has written or edited three books, including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008). Mark was director of the managed futures division at Alaron Trading until they were acquired by Peregrine Financial Group in 2009, where he was a registered associated person (National Futures Association NFA ID#: 0348336). Mark has also worked as a Commodity Trading Advisor himself, trading a short volatility options portfolio across the yield curve, and was an independent consultant to various broker dealers and futures exchanges, including OneChicago, the single stock futures exchange, and the Chicago Board of Trade. He is also Editor, Opalesque Futures Intelligence and Editor, Opalesque Futures Strategies. - Contact: Mmelin(at)valuewalk.com