• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

LVS says Suen help in Macau worth tiny amount versus claim

Mar 14, 2019 Newsdesk Latest News, Macau  


LVS says Suen help in Macau worth tiny amount versus claim

Chinese businessman Richard Suen and his company Round Square Co Ltd earned at most only 1 percent of the US$347 million his side is claiming from casino operator Las Vegas Sands Corp for what Mr Suen says was his help in securing Macau gaming rights.

That is according to a lawyer for the United States-based casino group as reported by the Associated Press. He was speaking on Wednesday during the opening-statements phase of a case being tried in front of a jury at Clark County District Court in Las Vegas, Nevada. The judge, Rob Bare, has told jurors the whole hearing could take seven weeks.

Richard Sauber, an attorney for Las Vegas Sands, told jurors Mr Suen and his firm earned no more than US$3.76 million from its involvement with the casino group. Las Vegas Sands is the parent of Macau-based casino firm Sands China Ltd.

Mr Suen says he introduced the casino group’s founder and chairman Sheldon Adelson and company executives to well-connected Chinese officials.

The casino company asserts that Mr Suen’s side stopped helping it in 2001, before the group was able to secure Macau rights, initially in partnership with Galaxy Entertainment Group Ltd.

Mr Suen’s claim has been going through the courts – on and off – for 15 years. Las Vegas Sands’ current Macau gaming rights are due to expire in 2022.

A Nevada jury ruled in favour of Mr Suen’s side in 2008, awarding him US$40 million – and when that was set aside on appeal a fresh jury awarded him US$70 million in 2013, only for the amount of the award to be ruled out in 2016 by the state’s Supreme court, which ordered a new hearing of the case.

According to previous statements from a lawyer for Mr Adelson, he is not well enough to testify in the latest process.

The casino firm said in a statement earlier this month that Mr Adelson was not as of that time keeping a normal office schedule – although still in day-to-day charge of the company – due to treatment for a form of cancer.


  • tweet
Related articles
  • Moody’s expects MGM, Wynn to pursue large IR development 
    Moody’s expects MGM, Wynn to pursue...

    Apr 08, 2021  

  • LVS assessing AML controls at Marina Bay Sands: report
    LVS assessing AML controls at Marina...

    Mar 29, 2021  

More news
  • Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch
    Macau 2021 GGR could be half of pre-...

    Apr 15, 2021  

  • Only 2 of 8 Jeju casinos now open as Gongzi Jeju shuts
    Only 2 of 8 Jeju casinos now open as...

    Apr 15, 2021  


Latest News

Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch

Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch

Apr 15, 2021  

Macau’s economy is projected to “rebound by 53 percent” this year, assuming a recovery in gross gaming revenue (GGR) “to about half” of pre- Covid-19 levels, said Fitch...
Read More
Only 2 of 8 Jeju casinos now open as Gongzi Jeju shuts

Only 2 of 8 Jeju casinos now open as Gongzi Jeju shuts

Apr 15, 2021  

Macau 1Q gaming tax take US$1.15 bln, down 50pct

Macau 1Q gaming tax take US$1.15 bln, down 50pct

Apr 15, 2021  

IMGL launches global magazine on gaming law

IMGL launches global magazine on gaming law

Apr 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We ... model that VIP GGR [in Macau] can ultimately only recover to about half of pre- Covid-19 levels, despite opening of multiple high-end properties”

DS Kim, Derek Choi, and Livy Lyu

Analysts at JP Morgan



Most Popular

  • Three Manila casinos say still shut despite eased lockdownThree Manila casinos say still shut despite eased lockdown April 13, 2021
  • Macau seeks mutual vaccine recognition with Guangdong: CEMacau seeks mutual vaccine recognition with Guangdong: CE April 13, 2021
  • Macau casino 1Q EBITDA softer sequentially: MSMacau casino 1Q EBITDA softer sequentially: MS April 12, 2021
  • Philippines needs AML reform on casino biz: IMFPhilippines needs AML reform on casino biz: IMF April 12, 2021
  • Macau 1Q VIP GGR bad at 20pct pre pandemic: JP MorganMacau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan April 14, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us