Inside Asian Gaming

APR 2019 INSIDE ASIAN GAMING 11 LAS VEGAS SANDS SETTLES 15-YEAR LAWSUIT OVER MACAU GAMING CONCESSION LAS VEGAS SANDS has reached a settlement with Hong Kong businessman Richard Suen for an undisclosed amount, bringing to an end a lengthy legal battle that had lasted more than a decade. The settlement was announced at the start of proceedings on day two of a civil suit hearing to determine how much LVS should pay Suen for services allegedly rendered in Macau. Suen sued the gaming giant for breach of contract, claiming he played a key role in helping the company win its highly lucrative Macau gaming concession in 2002. Juries had twice previously found in favor of Suen, to the tune of US$44 million in 2008 and US$70 million five years later, but LVS appealed on both occasions. Day one of the civil hearing had seen Suen’s lawyers ask for a massive US$347 million payout. Although details of the settlement remain a secret for now, Suen’s attorney John O’Malley told US-based gaming industry news outlet CDC Gaming Reports , “We’re very pleased to have this case finally resolved after 15 years. We can’t talk about the amount. This settlement completely resolves the litigation.”