Las Vegas Sands Sued for $12 Billion

Global casino resort company Las Vegas Sands is being sued for $12 billion in a Macau court by a former partner related to how the company got its gaming license.

Asian American Entertainment Corporation (AAEC) is the Plaintiff in the suit and is looking for 70% of Sands' profits arising from Macau between 2004 and 2022. The company claims that Sands breached a contract between the two parties.This lawsuit has been ongoing since 2007 and was initially filed in US court before being dismissed due to procedural reasons.

The lawsuit revolves around a failed partnership between the two companies, as Sands ditched AAEC for Galaxy Entertainment. The new partnership filed a new application that AAEC claims was nearly identical, and they feel this is a breach that's worthy of having a massive fee attached.

AAEC is led by Marshall Hao, who commented: "Asian American has been winning all major legal battles in the Macau lawsuit since we filed it in 2012...we are confident."

We're following this story and will be updating readers as we learn more.

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.
2 replies • Last post

Comments

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 9756
Thanks given: 5726
Thanks received: 4936
10 June 2021 - 8:10am
#1

Wow. $12 billion is a lot of cheddar.

Always play it safe! Consult our list of rogue casinos and warnings before depositing at a new casino.
Post in our forums to earn CLchips which can be used to buy real prizes in our CLchips shop.

lvblck
Forum AngelForum Angel
Location: The North
Joined: 6 Apr 2016
Posts: 3231
Thanks given: 217
Thanks received: 943
12 June 2021 - 11:02am
#2

12 billion is an insane amount of money, but as we can see the lawsuit has been ongoing for forever, so I believe it will take another couple of years to see any conclusion.

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.