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Las Vegas Sanda Legal Troubles

Sunday, April 3, 2016 :  MORE LEGAL WOES FOR LAS VEGAS SANDS
 
Adelson-owned Macau operations facing a massive claim by former partner.
 
Sheldon Adelson's Las Vegas Sands operation in Macau faces more legal problems following a Macau court ruling this week that litigation by a former partner can proceed despite an LVS bid to dismiss the case.
 
Launched by Taiwanese businessman Marshall Hao's company Asian American, the lawsuit seeks billions of dollars in damages and accuses LVS of breaking the terms of a former partnership agreement. The suit alleges that LVS and its owner Sheldon Adelson misused trade secrets obtained during the partnership.
 
Hao is asking the court to award his company around 70 percent of Las Vegas Sands' profits between 2004 and 2022, a staggering $8 billion according to Reuters news agency calculations.
 
Responding to the Macau court's rejection of its request that the case be dismissed, LVS said in a statement this week:
 
"The company has consistently maintained that this case has no merit. We have confidence that ultimately the Macao judicial process will reach the same conclusion."
 
Hao’s lawyer Jorge Menezes said the court had not yet set a date, but a hearing should take place in the coming months.
 
Reuters outlines the history of the issue, reporting that the LVS-Asian American partnership submitted a bid for a gaming concession in 2001 in Macau.
 
During the process, Las Vegas Sands dropped Asian American for a new partner, Galaxy Entertainment, a venture that went on to win a Macau licence ten years ago.
 
The Asian American lawsuit claims that after Las Vegas Sands terminated their joint venture, LVS went on to make a near identical bid submission with Galaxy, using details that were exclusive to the prior Asian American partnership.
 
"We are delighted and looking forward to see this dispute adjudicated on the merits for the first time. We have walked a long and difficult path to reach this goal," Hao told Reuters.
 
The news agency observes that the outcome could focus unwanted and negative attention as the Macau government considers whether to extend operator licenses on expiration in 2020.



Gambling News :

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

Historic weekend at Americas CardRoom - ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.

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