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.

Asian persuasion

Asian persuasion Having dreamt of working abroad since he was a teenager, Jeff Mann soon made Asia his home – establishing a hugely successful business in Hong Kong and travelling the region before unexpectedly landing in his current role with local gaming operator AsianLogic.   Ben Blaschke: Thanks for s... Sunday, 16 October 2016 17:40

No App!

No App! Instead of hit-or-miss selfcreated mobile apps, casinos may be better off fostering chatbot and other multimedia messaging solutions. By Andrew Cardno and Dr Ralph Thomas   According to recent reports around 1.1 billion people in Asia-Pacific and 200 million Americans are now smartphone owners... Sunday, 16 October 2016 17:17

French Revelation

French Revelation French Revelation With Parisian Macao as bookend to its Venetian Macao, Sands China has created a compelling tale of two cities at Cotai’s core. Yet, for Sands China and for Macau, Parisian’s 13 September launch was the best of times, it was the worst of times. With its half-scale Eiffel To... Wednesday, 12 October 2016 08:41

The Asian Gaming 50 - 2016: 1-10

The Asian Gaming 50 - 2016: 1-10 [1-10] [11-20] [21-30] [31-40] [41-50] Sheldon Adelson isn’t one of the industry’s own. He made his fortune producing and selling trade shows. He’s the great casino showman he is, one of only a handful, because he is never content merely to exploit markets, he’s driven to ... Monday, 19 September 2016 09:38