CASINO

Las Vegas Sands asks Nevada state court to cancel Suen payment

TAGs: Casino News, gambling, las vegas sands, richard suen, sheldon adelson

richard-suen-las-vegas-sands-lawsuitLas Vegas Sands Corp. seems to be hell bent on not giving a penny to Hong Kong businessman Richard Suen. That much was made evident after the casino operator asked a Nevada state court to cancel the $101.6 million Sands was obligated by a Las Vegas judge to pay Suen.

The reason behind this new round of suits? Well, Bloomberg is reporting that LVS is arguing that the jury awarded the damages for “services rendered” to Suen’s Round Square Co. instead of directly to Suen himself.

In its filing, LVS said that “because the jury’s verdict purports to grant relief only on a putative claim that was long ago dismissed, and never validly reinstated, the verdict must be set aside as a matter of law”.

And the legal merry-go-round continues.

It shouldn’t  come as a surprise that Sands is fighting this verdict again. It’s done so in the past and it figures that it has no problem doing so again and again until the cows come home to roost. And this happens only a few weeks removed  from a Las Vegas judge not only affirming the jury’s decision to require Sands to pay the $70 million owed to Suen for his role in helping the company obtain a casino gaming license in Macau, but also tacking on an extra $31.6 million in interest?

Predictably, Sands was up in arms over that decision with spokesman Ron Reese making it clear that the company would fight back on the grounds that “there are compelling and sufficient grounds on which to appeal this verdict, and we will do so aggressively.”

Apparently, those supposedly “compelling and sufficient grounds” have now come to light and once again, this under-the-radar soap opera has yet to find a conclusion that both parties can agree to.

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