1. Big Gamble

    Newt Backer Sued for $375 Million

    US gaming tycoon Sheldon Adelson gestures during a press conference at the Marina Bay Sands complex in Singapore on June 23, 2010.  Asians' love of gambling is so strong that the equivalent of five Las Vegases in the region will not be enough to satisfy demand, US gaming tycoon Sheldon Adelson said.    AFP PHOTO/ROSLAN RAHMAN (Photo credit should read ROSLAN RAHMAN/AFP/Getty Images)

    AFP / Getty Images

    Should Newt’s campaign be worried? Sheldon Adelson—the Las Vegas billionaire known for bankrolling Gingrich’s presidential aspirations—is now facing down a $375 million lawsuit. Adelson and his family own Las Vegas Sands, a casino operator, which is being sued by former partner Asian American Entertainment for breach of contract regarding the company’s successful bid for a gambling license in Macau. This is just one of many legal actions taken against Las Vegas Sands since they were permitted to build casinos in Macau 10 years ago.  

    Read it at New York Times