{"id":38496,"date":"2021-06-10T09:34:04","date_gmt":"2021-06-10T12:34:04","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2021\/06\/10\/las-vegas-sands-sued-at-12-billion-per-ex-partner\/"},"modified":"2021-06-10T09:39:40","modified_gmt":"2021-06-10T12:39:40","slug":"las-vegas-sands-sued-at-12-billion-per-ex-partner","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/casino-en\/2021\/06\/10\/las-vegas-sands-sued-at-12-billion-per-ex-partner\/","title":{"rendered":"Las Vegas Sands sued at $12 billion per ex-partner"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Asian American Entertainment Corporation, controlled by Taiwanese businessman Marshall Hao, is suing Las Vegas Sands for $12 billion in Macau court.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hao is allegedly seeking damages from around 70% of Macau <a href=\"https:\/\/igamingbrazil.com\/en\/casino-en\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"casino\">Casino<\/a>&#8217;s profits over the past 18 years, from 2004 to 2022. The trial is scheduled to begin on June 16th.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under the lawsuit, the Sands violated its contract with Hao&#8217;s company to obtain a <a href=\"https:\/\/igamingbrazil.com\/en\/casino-en\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"casino\">casino<\/a> license in Macau.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The allegations first surfaced in 2007, when Asian American filed a complaint in the United States; however, it was dismissed due to the statute of limitations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The second lawsuit was filed in Macau in 2012. Hao alleges that in 2001, Asian American and Las Vegas Sands submitted a bid for a gaming concession together, but the company switched partners midway through the process, joining the Galaxy Entertainment and presenting an almost identical proposal with the new partner, thus receiving a license to operate in Macau.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Asian American has won every major legal battle in the<a href=\"https:\/\/igamingbrazil.com\/en\/casino-en\/2021\/06\/04\/macau-collects-us400m-in-tax-revenue-in-april\/\" target=\"_blank\" rel=\"noreferrer noopener\"> Macau<\/a> lawsuit since we filed it in 2012. We are confident,&#8221; said Hao.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A troubled moment<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Las Vegas Sands maintains that the case is without merit and has pursued its own legal action, filing a motion to drop the suit in 2016. The Macau court, however, allowed Asian American to pursue the claim.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the setbacks, the company added that it was too early to predict the outcome of the case. The process comes at a time when revenue was impacted by the ongoing pandemic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About the Las Vegas Sands<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Las Vegas Sands Corp is an American <a href=\"https:\/\/igamingbrazil.com\/en\/casino-en\/2021\/03\/25\/casinos-start-to-reopen-and-leverage-tourism-around-the-world\/\" target=\"_blank\" rel=\"noreferrer noopener\">casino<\/a> and resort company from Paradise, Nevada, with billionaire annual profits. Robert Goldstein has been the president and CEO of the corporation since the death of Sheldon Adelson&#8217;s businessman at the age of 87.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian American Entertainment Corporation, controlled by Taiwanese businessman Marshall Hao, is suing Las Vegas Sands for $12 billion in Macau court. Hao is allegedly seeking damages from around 70% of [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":38465,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3069],"tags":[6335,3658,4047],"class_list":["post-38496","post","type-post","status-publish","format-standard","has-post-thumbnail","category-casino-en","tag-asian-american-en","tag-las-vegas-sands-en","tag-macau-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Las Vegas Sands sued at $12 billion per ex-partner - iGaming Brazil<\/title>\n<meta name=\"description\" content=\"Under the lawsuit, Las Vegas Sands violated its contract with the Asian American company to obtain a casino license in Macau.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/igamingbrazil.com\/en\/casino-en\/2021\/06\/10\/las-vegas-sands-sued-at-12-billion-per-ex-partner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Sands sued at $12 billion per ex-partner - 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