Businessman Awarded $43.8 Million In Las Vegas Sands Case

LAS VEGAS (AP) - A jury has awarded a Hong Kong businessman a
$43.8 million judgment against Las Vegas Sands Corp., the casino
giant run by billionaire Sheldon Adelson.

Richard Suen sued the casino operator, claiming he was owed millions for helping the company secure a lucrative gambling license in the Chinese enclave of Macau. Suen said he helped the company curry favor with the Chinese government.

The verdict was returned in Clark County District Court on Saturday, the day after the eight-person jury began deliberating. Suen was seeking $100 million.

Las Vegas Sands attorneys argued that Suen was owed nothing because he didn't make good on his promise to aid company executives in 2000 and 2001.

The company later partnered with Hong Kong-based Galaxy Entertainment in February 2002 and was awarded one of three gambling licenses by the Macau government. The companies could not
reach a contract agreement, however, and the partnership was
dissolved. Macau then awarded Las Vegas Sands a subconcession.

Las Vegas Sands has since opened two resorts in Macau's Cotai Strip area, the Sands Macao and the Venetian Macao, and has plans for at least 10 more casino properties.

It also owns The Venetian and the Palazzo casinos on the Las
Vegas Strip.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

AP-NY-05-24-08 1702EDT


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