APNewsBreak: Vegas Sands-Macau dealmaker settle 15-year case

LAS VEGAS (AP) — A settlement has ended a long-running breach-of-contract battle between U.S. casino company Las Vegas Sands Corp. and a Hong Kong businessman who helped it open its first casino in Macau in 2004.

Terms of the agreement were not disclosed Thursday by Richard Suen (SOO’-ehn), his lawyers or attorneys for Sands.

But Suen emerged from a Las Vegas courtroom saying it was worth a 15-year legal battle.

Sands attorney James Jimmerson and Suen lawyer John O’Malley called terms confidential.

A Nevada judge announced the settlement as he dismissed jurors ahead of a second day of videotaped testimony from ailing billionaire Sands chief Sheldon Adelson.

A spokesman for publicly traded Sands declined to comment, and it wasn’t immediately clear if financial details would be reported to federal Securities and Exchange Commission regulators.

Associated Press

Associated Press

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