• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 28 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

LVS fights on against Richard Suen

Newsdesk by Newsdesk
Tue 16 Dec 2008 at 16:00
IR Best Practices: Creating an exceptional work environment: Part 1

LVS Chairman and CEO Rob Goldstein has long taken a personal interest in ensuring an exceptional work environment.

Print Friendly, PDF & Email

A lawyer acting for Las Vegas Sands Corp. says the company will continue its attempts to overturn a USD58.6 million civil court award to Hong Kong businessman Richard Suen.

In a six-week trial at Clark County District Court in Las Vegas that ended in May, lawyers for Mr Suen successfully argued he helped LVS secure a gaming licence in Macau and was entitled to financial reward for doing so.

The original trial judge, District Judge Michelle Leavitt has already denied two post trial motions from LVS lawyers in the case, one to have the judgment overturned and one to have the award reduced, the Las Vegas Review Journal has reported.

LVS says Mr Suen’s role was incidental. In filing to overturn the judgment, attorney Rusty Hardin, for LVS, said the jury relied on hearsay testimony. John O’Malley, an attorney for Mr Suen, countered this was “stretching the bounds of reality”, the newspaper reported.

Mr Hardin said LVS would take the case to the Nevada Supreme Court, the Review Journal added.

Mr Suen was originally claiming a USD5 million success fee and two percent of LVS’s net profit in Macau.

A jury awarded Mr Suen USD43.8 million in May as compensation for consulting services he claimed he provided for LVS in the run-up to Macau’s gaming industry liberalisation. This included arranging a meeting in Beijing in July 2001 between the LVS Chairman Sheldon Adelson and China’s then vice-premier Qian Qichen, said Mr Suen. The Nevada court later added USD14.8 million in interest payments to the jury’s award.

Lawyers for Mr Suen and his Hong Kong-registered firm Round Square unsuccessfully petitioned the Nevada court in October to require Las Vegas Sands to post a bond to guarantee payment of the award.

RelatedPosts

Light & Wonder sets new US$2 billion Adjusted EBITDA target for 2028

Light & Wonder earns small US courtroom victory in ongoing Aristocrat trade secrets battle

Thu 26 Jun 2025 at 06:00
China Construction America entities seek stay on US$1.6 billion Baha Mar fraud case amid fears of insolvency

China Construction America entities file opening brief in Baha Mar fraud appeal, claim former partner “bombed” its own deliverables

Thu 2 Jan 2025 at 12:45
Genting sued by partner in Bahamas casino Resorts World Bimini for alleged “massive and co-ordinated fraud”

Genting Malaysia’s US subsidiary files motion to dismiss US$600 million claim by disgruntled partner in Bahamas resort

Tue 26 Nov 2024 at 04:32
Viva Las Vegas

US court dismisses negligence lawsuit against Genting’s Resorts World Las Vegas and former president by renowned high-stakes gambler

Mon 28 Oct 2024 at 03:18
Load More
Tags: LawsuitLVS
Share1Share
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

A moral defense of gambling

Star Entertainment Group says lender group’s terms around requested covenant waivers “unacceptable”

by Ben Blaschke
Wed 27 Aug 2025 at 13:47

Australia’s Star Entertainment Group has described as “unacceptable” the terms put forward by its lenders to provide requested covenant waivers for the September and December quarters on its AU$430 million (US$279 million) loan. The waivers are seen as crucial for...

Novomatic granted vendor license by UAE’s General Commercial Gaming Regulatory Authority

Novomatic’s stake in Ainsworth Game Technology edges above 55%

by Ben Blaschke
Wed 27 Aug 2025 at 13:16

Austrian gaming giant Novomatic and its founder Johann Graf have increased their stake in Australian slot machine supplier Ainsworth Game Technology, which now sits at 55.2%. According to a filing with the Australian Securities Exchange, the combined entities of Novomatic...

IAG announces 100 official judges for 2025 IAG Academy IR Awards at Newport World Resorts on Tuesday 9 September

IAG announces 100 official judges for 2025 IAG Academy IR Awards at Newport World Resorts on Tuesday 9 September

by Newsdesk
Wed 27 Aug 2025 at 13:03

Inside Asian Gaming is pleased to announce the 100 judges who will lend their expertise on the Judging Panel for the 2025 IAG Academy IR Awards. The Awards will be held at the Manila Ballroom at Manila Marriott Hotel, Newport...

Live Casino Streaming: Requirements every operator should know

Live Casino Streaming: Requirements every operator should know

by Newsdesk
Wed 27 Aug 2025 at 11:49

The live casino market is experiencing unprecedented growth, with projections showing the global live dealer games segment reaching $34.2 billion by 2033 (Growth Market Reports). As operators compete for players' attention in this booming sector, the quality of their streaming...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English