This week, Las Vegas Sands Corporation, the casino resort group based in the United States – the proprietors of the amazing Las Vegas and Macau Venetian locations – were hit by losing out in a legal battle, when a business man from Hong Kong was awarded a $43.8 million claim for his part in the transition to Macau where he assisted in rendering facilitating services. The Venetian Macao on the Cotai Strip and Sands Macao are the island’s two new resorts recently opened by Las Vegas Sands. At first claiming that they owed him to the extent of one hundred million US dollars, Richard Suen, aged 55, made use of his father’s government contacts in China to aid the Sands Corporation, which was based in Las Vegas and was under the ownership of the renowned resort emperor Sheldon Adelson, to clinch in Macau a profitable license for gambling. At one stage, Suen was secretary to Adelson. Las Vegas Sands hired Suen and his Round Square Company to assist the colossus from America in breaking ground in the resort market and Macau gambling, and according to him he made this into a great success. The details comprised the filing of a civil suit in 2004 where he gave specifics of a five million dollar immediate charge and two percent of net casino profits on condition he made a success in a license acquisition for Sands. The Las Vegas Sands battery of lawyers put up a fight claiming that in 2001 and 2000 Suen didn’t have any success, resulting in 2002 the hiring of the Galaxy Entertainment group for the identical objective. Finally by then obtaining the license, the firms couldn’t get to an agreement on the plans as in the contract and there was a breakup of the partnership. Las Vegas Sands then received from Macau a sub-concession, resulting in their customer’s decision of prior lobbies according to the Suen’s lawyers. According to Suen’s testimony the arrangement of meetings he set up in Beijing in July 2001 between officials of the Chinese government and managers of Las Vegas Sands led to the success of the bid for obtaining a license to operate the casinos. It seems that in the court hearing, Adelson proposed testimony which conflicted, at the beginning he recounted to the lawyers that the president and chief operating officer, William Weidner, gave Suen a letter asking for his help in Macau concerning business deals. Afterwards, he claimed that the company had never taken on Suen. Rusty Hardin, the lawyer representing Las Vegas Sands, gave confirmation that regarding the court decision, there are plans to make an appeal by the Las Vegas Company. Posted on: June 3, 2008
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