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VEGAS MOGUL BESTED IN HONG KONG LITIGATION
The US-based casino resort group Las Vegas Sands Corporation - owners of the stunning Venetian venues in Las Vegas and Macau - suffered a legal defeat this week when a Hong Kong businessman won a $43.8 million claim for services rendered in helping to facilitate the Sand's move into Macau.
Las Vegas Sands has opened two resorts on the island, the Sands Macao and the Venetian Macao on the Cotai Strip.
Richard Suen (55) originally claimed he was owed up to US$100 million for using his father's Chinese government contacts to help the Las Vegas-based Sands Corporation, owned by resort king Sheldon Adelson, secure a lucrative gambling licence in Macau. Suen was at one time Adelson's secretary.
Suen and his Round Square company, was hired by Las Vegas Sands to help the American giant break into the Macau gambling and resort market, and claimed he was successful in making this possible. He filed the civil claim in 2004, itemising a $5 million upfront fee and 2 percent of net casino profits if he was successful in enabling Sands to acquire a licence.
Lawyers for the Las Vegas Sands fought the case, alleging that Suen's efforts in 2000 and 2001 were not successful, after which the Galaxy Entertainment group was hired in 2002 for the same purpose. Subsequently the companies, which had by then acquired a licence, could not agree on the contractual arrangements and the partnership was dissolved. Macau then awarded Las Vegas Sands a sub-concession - a decision that Suen's lawyers said was a result of their client's earlier lobbying.
Suen testified that meetings he arranged in Beijing in July 2001 between Chinese government officials and Las Vegas Sands executives were responsible for the casino operator winning its licensing bid.
Adelson apparently offered conflicting testimony during the court hearing, first telling jurors that William Weidner, president and chief operating officer, provided a letter to Suen seeking his assistance in doing business in Macau. He later said Suen was never hired by the company.
Las Vegas Sands lawyer Rusty Hardin confirmed that the Las Vegas company plans to appeal the decision.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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