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HONG KONG BUSINESSMAN: Jury: Pay Suen $43.8 million

Civil verdict goes against Adelson's Las Vegas Sands Corp.

A Clark County District Court jury ordered Las Vegas Sands Corp. to pay Hong Kong businessman Richard Suen $43.8 million for helping the casino company win a lucrative gaming license in Macau.

The verdict, reached Saturday morning, followed a six-week civil trial before District Judge Michelle Leavitt. The jury of five women and three men deliberated for about nine hours Friday and a little more than an hour Saturday before reaching their decision.


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"Within the first hour, we voted seven-to-one that he (Suen) deserved damages," said Nelson Orth of Henderson, who served as the jury's foreman. "The rest of the time was spent determining exactly as to how much those damages amounted."

The jury believed Suen's actions during 2000 and 2001 helped Las Vegas Sands win a shared gaming concession from the Macau government in February 2002.

The jury said Suen should be paid $43.8 million for his past efforts and did not award any money for future damages.

Orth, 68, said the jurors, during deliberations, offered up a wide range of financial figures to award Suen, from $100 million down to zero. In the end, a compromise was struck taking into account a middle range. Another juror, Wendy Testa, thought Suen should be paid $13 million based on one of his several faxes and e-mail exchanges with Las Vegas Sands from 2000 to 2001 that came into evidence. She agreed with the final total.

"We had several jurors, including me, on the high side," Orth said. "We came down and others came up. In the end, we thought it was a good figure."

When polled by Leavitt after the verdict, two of the eight jurors said they disagreed with the financial award.

Both Orth and Testa said they thought Suen was not very credible while testifying over several days. Still, they said, evidence showed he did play a role in the licensing efforts of Las Vegas Sands.

"We thought he deserved something," Orth said. "He just wasn't a very good witness."

Suen hugged his legal team after the verdict was announced.

"It's more than just the money," Suen said. "It's justice and I got it. It feels great."

Las Vegas Sands attorney Rusty Hardin said outside the courtroom the company would appeal the jury's decision.

In a statement released late Saturday, Las Vegas Sands said it "will file the appropriate post-trial motions with the trial judge. If unsuccessful we will vigorously pursue an appeal. We, and our attorneys, are confident we would prevail in such an appeal."

Company spokesman Ron Reese declined comment beyond the statement.

Suen's attorneys had sought $100.5 million in damages, which was based on a $5 million success fee for helping the company win the license plus 2 percent of the net profits from the Sands Macau and Venetian Macau, the company's two casinos.

Hardin told jurors in his closing argument that Suen didn't deserve anything because he was not responsible for the company's successful licensing efforts. Since 2004, Las Vegas Sands has become the dominant American-based casino operator in Macau and is expanding that stake over the next few years.

Las Vegas Sands partnered with Hong Kong-based Galaxy Entertainment in February 2002 and was awarded one of three gaming licenses by the Macau government. The companies could not reach a contract agreement, however, and the partnership was dissolved. Macau then awarded Sands Corp. its own subconcession.

Orth said the most compelling evidence that swayed his decision was a series of meetings Suen arranged in Beijing in July 2001 between Chinese government officials and Las Vegas Sands executives, including Chairman and CEO Sheldon Adelson and President Bill Weidner.

Suen testified the meetings played a key role in the company earning the gaming license. Suen had said the Chinese government wanted Las Vegas Sands to win one of the three concessions based on those meetings.

Testa agreed the meetings in China were important to the eventual licensing.

"He gave them a head start and an opportunity to meet someone," said Testa, 31. "The question I had was how much was a handshake worth? What Adelson did after that handshake was a credit to him."

Testimony showed that Weidner was called to a secret meeting in Macau on Jan. 31, 2002, with the Chinese special administrative region's chief executive, Edmund Ho.

At that meeting, Las Vegas Sands, which was in a doomed partnership with a Taiwanese bank, was paired with Galaxy. A week later, the companies were awarded the concession.

Two members of the Macau Tender Commission, a former Las Vegas Sands attorney from Hong Kong and a representative from an accounting firm all testified they were never aware of the Weidner-Ho meeting.

"There's no question, the trip to Beijing was important," Orth said. "We all thought those witnesses were truthful and honest, but they all said they didn't know anything about that meeting."

Adelson, the world's 12th richest person according to Forbes magazine, was the trial's first witness on April 17 and spent a little more than a day testifying.

Weidner spent six days on the witness stand. During cross-examination, Weidner admitted he thought Suen was owed something financially by the casino company for his efforts.

Suen's lead attorney, John O'Malley, was hopeful the company would respect the jurors' decision.

"We would hope that (Las Vegas Sands) and Mr. Adelson would see this verdict as a statement of the jury and honor the verdict immediately," O'Malley said.

"It's our hope Las Vegas Sands would pay the judgement as quickly as possible."

Baring appeals, the verdict closed one chapter in the story of how Las Vegas Sands beat out other Nevada gaming companies to win a gambling concession in Macau.

The company and Adelson are facing two other lawsuits about its business practices while gaining a foothold in China.

Contact reporter Howard Stutz at hstutz @reviewjournal.com or 702-477-3871.

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Comments (24)

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The following comments are provided by readers and are the sole responsiblity of the authors. The reviewjournal.com does not review comments before publication nor guarantee their accuracy. By publishing a comment here you agree to abide by the comment policy. If you see a comment that violates the policy, please notify the web editor.

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Knowledgeable wrote on May 26, 2009 07:08 AM: Andleson finances the Israeli war in the Middle East using LVS company money and personal stock sales.


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george brown wrote on May 27, 2008 03:32 PM: Re: Suen article
Our company represented the Westward Ho Hotel & Casino for several years in an attempt to find a buyer. Eventually we introduced their representatives to CENTEX which company eventually bought the notel. The owners offerecd me $250,000 in lieu of the previously agreed upopn 2% fee which I refused. They then made an offer of $250,000 which I refused. They later made a deal with CENTEX and ignored even their offer of the the $250K. Attorneys in Las Vegas agree that we have an excellent case but no one wants to take it on a contingency.
I would like to talk to someone who can help.
Thanks
George Brown


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JUSTICESEEKER wrote on May 26, 2008 10:35 PM: Can one sue and win without a written agreement for service fee?

Verbal agreement is like one's words against the other. How to proof?

Mr Richard Suen, I need your advise because I'm in a situation like this also. I was promised a fee verbally but was not paid after job done.

Kindly advise.


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FORGOD wrote on May 26, 2008 10:21 PM: One word of advise: Money is not everything, but health and life is. Take this seriously becos GOD is in control, not human being. He can give you everything, and He can take away everything from you too.
That's my advise in Jesus Name.


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Redeem Yourselves Now wrote on May 25, 2008 11:43 PM: If an earthquake does destroys Sin City, God will have finally sent his divine judgment on your greedy, decadent and selfish ways, as Mr Adelson so blatantly typifies.

At least the causalities won't be that high, most the population will already have bit the dust from the Desai's hepatitis charade anyway...


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Bronx Guy wrote on May 25, 2008 11:36 PM: Mr. Adelson will not pay this or any amount. Adelson is not an honorable person, he will stall and appeal this decision forever and grind out Mr. Suen. Adelson is only generous when it comes to Israel which I admire him for but he is a vindictive business man.


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Free Nevada wrote on May 25, 2008 11:16 PM: Enough with the crazy comments. D4mn I was just looking to post a comment here that there is NO COVERAGE on lvrj.com front page about the 6.0 aftershock that just leveled 71,000 more homes today .

Forget about the casino business for a moment and realize there is a 99% chance of an earthquake larger than the 7.9 that struck China happening here in the next 10 years. Today's 6.0 "aftershock" was felt 800 miles away from its epicenter --and San Andreas Fault is only a short 200 miles away!. As far as Macau, it is a certainty that China is going to impose a disaster tax on Macau and the rest of HK --they have to buy a new town worth 10.6bn according to MSNBC. This could be our LAST wake-up call!


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derek.marlowe wrote on May 25, 2008 11:00 PM: Wow! I didnt know that the KKK was so strong in Las Vegas. Heil Hitler!


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Eric wrote on May 25, 2008 10:19 PM: CASINO MOGUL HOSTS WOUNDED SOLDIERS IN VEGAS (AP), May 26.

If he had known he was going to lose the Suen suit, big-hearted Shelley would have cancelled their trip.


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George wrote on May 25, 2008 09:00 PM: Last I heard his wife was a doctor specializing in drug addiction ooops love is blind!


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