Las Vegas Sands Corp. is locked in a legal battle with a Hong Kong businessman over how much he is owed for helping the company set up a casino in Macau 15 years ago. The trial to settle the matter opened yesterday.
The businessman Richard Suen is claiming the American company owes him $347 million for his part in connecting Las Vegas Sands CEO Sheldon Adelson with important Chinese officials that provided a gambling license to start a casino.
But Las Vegas Sands is claiming that Suen breached his contract by working for another company and is owed just $1 million.
Jurors have now heard testimony and opening statements from both sides including video testimony from Adelson. Adelson is not expected to appear in court because he is currently fighting cancer.
In court, Suen is making the case the casino company owes him $5 million plus 2% of Sand’s profits from the Macau casino for 18 years.
According to an AP News report, Suen’s lawyer John O’Malley said to jurors, “value, worth, benefit. You keep those three ideas in your mind. How much is deserved?”
Suen won two previous cases in 2008 and 2013, but the Nevada Supreme Court decided in 2016 that a jury should decide how much Suen should be awarded.
The case might last until mid-April.