Vegas Sands-Macau dealmaker reach settlement in 15-year case

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

A settlement ended a 15-year breach-of-contract battle on Thursday between Las Vegas Sands Corp. and a Hong Kong businessman who helped the U.S. company open its first casino in the Chinese gambling enclave of Macau.

Richard Suen, his lawyers and attorneys for Sands said the agreement prohibited them from disclosing terms of the settlement.

A judge informed jurors of the settlement and dismissed them ahead of a second day of videotaped testimony from ailing billionaire Sands chief Sheldon Adelson. The trial that started Wednesday had been expected to last until mid-April. Sands attorney Richard Sauber told jurors the sides had reached"an amicable settlement and resolution."They had argued that Suen and his company, Round Square Co., should get almost $347 million for introducing Adelson and Sands executives to key Chinese officials with influence to grant a coveted Macau gambling license.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The 7 biggest misconceptions people have about Las Vegas, from someone who lives thereI've lived in Las Vegas for two years, and I've noticed several misconceptions outsiders have of the city.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ex-priest accused of abusing dozens of boys found murdered in Las VegasIn subruban Las Vegas, John Capparelli was a quiet retiree. Back in New Jersey, he was infamous. Anyone know the whereabouts of Ray Donovan at the time this occurred? Sound like it’s going to be s pretty quiet funeral.
Source: washingtonpost - 🏆 95. / 72 Read more »

Las Vegas gives green light for plan to build Elon Musk’s underground loopLas Vegas could become the first city with a next-generation transportation system from the Boring Co., and Chief Executive Elon Musk thinks it can be up and running by the end of the year. Election year there too?
Source: MarketWatch - 🏆 3. / 97 Read more »

Inside Marshmello's $60 Million Las Vegas MegadealMarshmello is set to play several dozen gigs at Kaos annually, putting his average nightly haul a bit short of $1 million. davisrajs Deadmau5 as a marshmallow Not counting the time that he spent with the team of investigators before the hearings.. when asked about that.. he gave NO ANSWER
Source: Forbes - 🏆 394. / 53 Read more »

Companies decry 'valve turners' who shut down pipelinesBISMARCK, N.D. (AP) — As Enbridge prepared to move climate-damaging tar sands crude through a 40-year-old pipeline in eastern Canada in 2015, environmentalists and indigenous peoples including... NicholsonBlake These activists need to get jobs NicholsonBlake Climatology is a religion NicholsonBlake This is what needs to happen. The only people being hurt by these valves shutting off are the already rich oil companies who shouldn't have moved the pipelines through in the first place. Remember. Native American land was destroyed for a stupid pipeline a while back.
Source: AP - 🏆 728. / 51 Read more »

Key lawmakers willing to entertain pitch for downstate casinoState law appears to preclude the creation of the three remaining downstate licenses before 2023. But that hasn’t stopped existing New York gambling interests from pushing to expedite the licensure date. But Adelson is likely dying. You would think that would affect these plans. Brighton Beach Sands 🙄 Moving backwards
Source: politico - 🏆 381. / 59 Read more »

Elon Musk wants to build a high-speed tunnel underneath Las Vegas, and it could actually happenElon Musk's tunnel would be ready in time for the Consumer Electronics Show in 2021. .elonmusk took my advice. elonmusk put Houston on the list My man is digging holes in big cities, he clearly knows where there is buried treasure, love a pirate story!
Source: BusinessInsider - 🏆 729. / 51 Read more »

For Sue Kim, one of the U.S.’ first Korean musicians, K-Pop’s success is 60 years in the makingThe Kim Sisters moved to the U.S. in 1959, becoming a top-selling act in Las Vegas and regular performers on national TV. WomensHistoryMonth - NBCAsianAmerica NBCAsianAmerica Who? Did they roll me an egg roll? NBCAsianAmerica NBCAsianAmerica Only out in Vegas buddy
Source: NBCNews - 🏆 10. / 86 Read more »

American Eagle Puts Its Best Foot Forward With Gen Z, Unveiling A Sneaker Resale ShopAmerican Eagle Outfitters has partnered with trendy Las Vegas sneaker consignment shop Urban Necessities to open an in-store pop-up shop for a year inside its New York SoHo store. American Eagle has also taken a stake in Urban Necessities as it seeks to attract more Gen Z consumers.
Source: Forbes - 🏆 394. / 53 Read more »