Businessman Awarded $43.8 Million In Las Vegas Sands Case

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.


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