LAS VEGAS (CN) – A Las Vegas jury awarded a Hong Kong businessman $70 million for unpaid consulting work he did more than a decade ago to help Sheldon Adelson’s Las Vegas Sands Corp. compete in the booming Macau gaming market.
The Clark County jury returned its verdict Tuesday in Richard Suen’s case against the gaming giant.
Suen won a $43.8 million judgment in 2008, but it was overturned by the Supreme Court.
Sands spokesman Ron Reese vowed to appeal the latest award.
In his 2004 lawsuit, Suen claimed he was owed $328 million: a $5 million fee plus 2 percent of profits in Macau.
The Sands claimed he failed to obtain a gaming license and was owed nothing.
Suen was brought in to meet with Chinese government officials in Beijing and to help Sands break into the Macau market. Macau eventually awarded the company the equivalent of a full license.
Macau has become the world’s largest gaming market. According to the Las Vegas Review-Journal, the company’s four properties there brought in $6.5 billion of the island’s $11.13 billion in revenue last year.
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