Evil Academy

Full Version: Macau Maven Defeats Nevada Neocon
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"A jury on Tuesday dealt another defeat to casino mogul and GOP mega-donor Sheldon Adelson in his nine-year fight with a Hong Kong businessman, awarding the former consultant $70 million for helping Las Vegas Sands Corp. secure a lucrative gambling license in the Chinese enclave of Macau.

But Las Vegas Sands says it won't be paying up anytime soon.

Suen claimed he was owed up to $328 million for helping the Las Vegas-based company secure a lucrative gambling license in Macau, the only place in China where casino gambling is legal.

The jury didn't know it, but the case was a retrial; Suen won the suit in 2008, but the verdict was thrown out on appeal.

The jury hearing the retrial deliberated for less than two days before delivering a unanimous consensus. But the fight, now entering its 10th year, is likely to continue through another appeal.

Sands attorney Stephen Peek immediately asked for a retrial, saying a juror had revealed secret prejudices against Adelson.

As he walked out of the courtroom, Suen, 60, said he would be "eternally grateful" to Sin City.

"I believe that justice will be served eventually," he said. "I've always kept my faith with the Las Vegas community, and I've been proven right. Twice."

Las Vegas Sands has opened four resorts in Macau's Cotai Strip area, and now makes about 60 percent of its profits in the former Portuguese colony, an hour from Hong Kong by ferry. Sands also operates the Venetian and the Palazzo casinos on the Las Vegas Strip.

Suen said he was hired by Las Vegas Sands to curry favor with the Chinese government in the early 2000s and was successful.

He first filed his lawsuit in 2004, saying he and his company were promised $5 million and 2 percent of net casino profits to help the company win a Macau gambling license.

Sands does not deny that a high level executive once offered Suen this "success fee" in writing, but the company's attorneys argued Suen did not hold up his end of the bargain.

In 2008, Suen was awarded $58.6 million, but the Nevada Supreme Court overturned that verdict. Among other things, the court said the district judge shouldn't have allowed hearsay statements during the trial.

In the retrial, Suen asked for more than three times the amount of compensation he requested in 2008 because of Sands' explosive success in Macau.

Adelson, the 79-year-old chairman and chief executive of Las Vegas Sands, offered business lessons and hammy jokes during his three days of testimony in April.

The multi-billionaire said his own business sense helped him to see the opportunities waiting in Macau and convince local officials to license his company.

On Tuesday, O'Malley urged regulators in Nevada and Macau, who have the power to eject Sands, to pay attention to the lengthy legal battle as it again goes to appeal.

"This debt has been outstanding for a long time, and I hope folks think about that," he said."
Yep, Adelson is a ring-wing zionist.
Using people, then knifing them in the back, is a popular business strategy with certain folks
this dude is lying.. you need chinese people to curry favor with the govt. to open this type of thing. he is now claiming he did it himself?

it's good the courts are fair somewhat
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