Las Vegas Sands, Richard Suen settle 15-year legal battle

It looks like the long legal battle between Chinese businessman Richard Suen and Las Vegas Sands (LVS) has finally come to an end. The two parties have reached an agreement for an undisclosed sum of money, reports GGRAsia.

Suen started a 15-year legal battle with LVS in 2004, arguing that he and his firm, Round Square Co Ltd, helped the operator win its Macau casino rights and were not properly compensated. When this recent round of court hearings started, Suen’s lawyers argued he should get as much as $347 million for his role all those years ago. LVS’s lawyers countered that he deserved no more than $3.76 million.

Now that the two groups have reached a compromise, Suen is satisfied. He told the press outside the court room that the battle was “worth it,” and he had achieved “the sense of justice.”

In a 15-year legal battle, lots can happen. In 2008, the courts awarded Suen $43.8 million, but that amount was later overruled due to errors by the presiding judge. Then in 2013, the courts decided on $70 million for him with interest, which by 2016 had amounted to $101.6 million. That was then also thrown out on an appeal by LVS, setting up this most recent battle.

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