Saturday, May 11, 2013

Sands trial over Macau licence fee nears conclusion





Las Vegas Sands broke an agreement to pay Hong Kong businessman Richard Suen Chi-tat for his help in obtaining a gaming licence in Macau, Suen's lawyer told a jury as a five-week trial neared its end this week.


Sheldon Adelson, Las Vegas Sands' billionaire chairman and controlling shareholder, did not know about the possibility that the Macau government would make licences available until 2000, when he met Suen, who was a friend of Adelson's younger brother, Lenny Adelson, Suen's lawyer said in his closing argument in a state court in Las Vegas.









via Business feed http://www.scmp.com/business/companies/article/1234925/sands-trial-over-macau-licence-fee-nears-conclusion

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