Lawsuit Against Nevada Casino Gets the Ear of the State Supreme Court
A Hong Kong businessman is looking for compensation tied to an overseas deal gained by the Las Vegas Sands.
A Nevada casino that managed to avoid filing bankruptcy is facing another battle that is now in the hands of the state's Supreme Court.
According to a report in the Las Vegas Review-Journal, the Las Vegas Sands is facing a civil suit from Richard Suen, a Hong Kong-based businessman. A jury decided that the casino owes him almost $60 million for a overseas venture.
The Supreme Court will hear the case starting on September 2 of this year. Suen said he is owed the money after a meeting with the casino and officials from the Chinese government that took place in 2001.
"Suen contended the meetings paved the way for Las Vegas Sands to earn a lucrative gaming license in Macau," the Review-Journal said.
Casinos in the state, along with other businesses and consumers, have faced difficulties as Nevada has faced an elevated number of foreclosures and bankruptcy filings. For some months now, it has outpaced the national average in both cases.
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