Asgam AD Header2

Suen's Case Against LVS Will Go to Trial

Wednesday, 20 March 2013 03:51

A Nevada state court judge has denied a bid by Las Vegas Sands to throw out Richard Suen’s claim that the casino giant owes him millions for helping it obtain its Macau license more than a decade ago.

The Tuesday ruling by Judge Rob Bare clears the way for jury selection to begin next week in a re-trial of a case which Mr Suen, a Hong Kong-based businessman, won in 2008, only to have his US$43.8 million breach-of-contract award overturned by the Nevada Supreme Court.

Las Vegas Sands Chairman Sheldon Adelson, who is expected to testify at the trial, was in attendance for Judge Bare’s ruling.

Mr Suen claims LVS did not pay him as promised for arranging meetings with Chinese government officials that helped smooth the company’s entry to the lucrative casino enclave, which had been opened to foreign competition after the territory was returned to China in 1999. LVS contends Mr Suen did nothing to earn the money and that it won the license on its own.

In overruling the 2008 verdict, the Nevada Supreme Court cited errors by trial judge Michelle Leavitt in admitting testimony by former LVS President Bill Weidner. At the trial Mr Weidner said in a deposition that he agreed in 2001 to pay Mr Suen a $5 million fee plus 2% of the company’s Macau casino revenues if his work led to securing the concession.

It’s not the first time the company has faced similar claims. In June 2009, a settlement was reached for $42.5 million with three business associates who claimed they had assisted the company in receiving the concession.

A Macau style casino in the US?

A Macau style casino in the US? Best Sunshine President Mark Brown explains how a US$7 billion investment fits US Pacific island Saipan’s 50,000 people and 500,000 visitors Friday, 22 April 2016 07:44

Full Steam Ahead

Full Steam Ahead Growing fast in Asia, cruises may not float the boat for serious gaming customers, but they’re another option to casinos for the wave of leisure travelers Macau covets. Monday, 14 March 2016 05:51

Money in the Middle

Money in the Middle If Macau is to prosper it will have to figure out, and cater to, China’s new generation of mass consumers. Thursday, 11 February 2016 07:11

A Macau Masterplan:

A Macau Masterplan: Reinvention Through Competitive Halo Service and Strategic Diversification Tuesday, 12 January 2016 10:18