Post by Logan on Jan 27, 2016 0:49:41 GMT -6
Harvard University law professor Alan Dershowitz told the Nevada Supreme Court Tuesday that Las Vegas Sands Corp. "never" received a gaming license to operate casinos in Macau.
The gaming company, which collects 60 percent of its annual net revenue and 66 percent of its annual profits from its four China holdings, negotiated with Hong Kong-based Galaxy Entertainment to acquire a "sub-license" in 2003.
Dershowitz told the justices that lack of a gaming license should be enough to overturn a 2013 Clark County District Court jury verdict that awarded Hong Kong businessman Richard Suen $70 million for his efforts in helping Las Vegas Sands enter the fledgling Macau casino market, now the world's top gambling destination.
Dershowitz cited several perceived errors during the 33-day retrial of the 12-year-old case, spending much his time on the argument that Suen's now-dormant company, Round Square Company Ltd., was not entitled to any compensation.
Read more: www.reviewjournal.com/news/las-vegas/las-vegas-sands-asks-nevada-supreme-court-overturn-100-million-judgment
The gaming company, which collects 60 percent of its annual net revenue and 66 percent of its annual profits from its four China holdings, negotiated with Hong Kong-based Galaxy Entertainment to acquire a "sub-license" in 2003.
Dershowitz told the justices that lack of a gaming license should be enough to overturn a 2013 Clark County District Court jury verdict that awarded Hong Kong businessman Richard Suen $70 million for his efforts in helping Las Vegas Sands enter the fledgling Macau casino market, now the world's top gambling destination.
Dershowitz cited several perceived errors during the 33-day retrial of the 12-year-old case, spending much his time on the argument that Suen's now-dormant company, Round Square Company Ltd., was not entitled to any compensation.
Read more: www.reviewjournal.com/news/las-vegas/las-vegas-sands-asks-nevada-supreme-court-overturn-100-million-judgment