Las Vegas Sands Loses Trial Over Macau License Claims
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Billionaire Sheldon Adelson’s Las Vegas Sands Corp. must pay $70 million to a Hong Kong businessman for his help in obtaining a Macau casino license more than a decade ago, a Nevada jury said.
The jury in Las Vegas yesterday returned a verdict in the second trial over Richard Suen’s claim that meetings he helped arrange for Adelson with Chinese government officials in Beijing were instrumental to Sands getting permission to operate casinos in the former Portuguese colony in 2002. The Nevada Supreme Court in 2010 reversed a $43.8 million jury award for Suen.