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Hong Kong man seeks $328M from Las Vegas Sands

April 2, 2013 • Business


FILE – In this April 12, 2012 file photo, Las Vegas Sands Chairman and CEO Sheldon Adelson speaks at a news conference for the Sands Cotai Central in Macau. Adelson will take the stand in Las Vegas this week to square off for the second time with a Hong Kong businessman who says he is owed $328 million helping Las Vegas Sands Corp. win a gambling license in the Chinese enclave of Macau. (AP Photo/Kin Cheung, File)

LAS VEGAS (AP) — Casino mogul Sheldon Adelson is squaring off for the second time with a Hong Kong businessman who says he’s owed $328 million for helping Las Vegas Sands Corp. win a gambling license in the Chinese enclave of Macau.

The case turns on whether meetings Richard Suen set up between Sands executives and Beijing officials in 2001 helped the company get a foothold in Macau, a special administrative region of China.

Suen said he was hired by Las Vegas Sands to help build relationships with the Chinese government and should be compensated for his success.

Sands attorneys argue that Suen is owed nothing because he didn’t make good on his promise to help the Login to read more

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