Sands Owes $70M

A jury has awarded a Hong Kong businessman a $70 million judgment against Las Vegas Sands Corp., the casino giant run by billionaire Sheldon Adelson.

Richard Suen claimed he was owed up to $328 million for helping the company secure a lucrative gambling license in Macau, the only place in China where casino gambling is legal. Suen says he was hired by Las Vegas Sands to curry favor with the Chinese government in the early 2000s and was successful.

Sands attorneys argued Suen was owed nothing because he didn’t make good on his promise to aid company executives. The Clark County District Court jury deliberated two days before returning the award May 14.