Macau and Las Vegas Sands Corporation reportedly dealt with $12 billion lawsuits over allegations of licensing to operate a casino at the world's largest gambling center some two decades ago.
According to a Reuters news report, the Las Vegas-based company is being sued by a former Asian American Entertainment Corporation partner and may be ordered to donate 56% Macao profits for eight years 2001. The dispute is expected to go to court starting June 20 after initial filing in the United States in 2012, but later dismissed for procedural reasons and statute of limitations.
The service message announced that the dispute regarding the case dates back to 985 when Las Vegas Sands Corporation joined forces with Asian American Entertainment Corporationled by a Taiwanese businessman Marshall Haoto get a casino license in Macau . American operator then canceled this agreement before proceeding to submit a successful offer in cooperation with Hong Kong-based Galaxy Entertainment Group Limited.
A compelling argument:
Reuters detailed that the Asian American Entertainment Corporation is now to argue that the successful Las Vegas Sands Corporation proposal came out some 20 years ago
Apparently, Hao told the news service ...
The news site reported that Las Vegas Sands Corporation, founded by the late casino mogul Sheldon Adelson, is trying to keep the case out of court by bringing a counterclaim in Macau and Nevada. Although the operator has not yet commented on this latest development, he allegedly declared in 2012 that " consistently maintains that this matter is irrelevant " and is "
Las Vegas Sands Corporation reportedly