Sheldon Adelson loses $70 million court case

Hong Kong businessman Suen has won a $70 million lawsuit against Sheldon Adelson, owner of the Las Vegas Sands Corporation which manages casinos and resorts in Las Vegas and other cities. A jury agreed that he had a protagonist role in aiding the casino mogul get a gambling license in China by lobbying Chinese officials in the mainland to grant the Sands a permit to oprtae in Macau, the only legal gambling area in China. The trial took a month while Adelson’s attorneys tried to convince the jury that Suen was overstating his importance in the process to secure licenses. Despite this, the jury was unconvinced.

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

3 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

3 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

3 weeks ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

4 weeks ago

Will FUN Token be on solid ground in iGaming?

FreeBitco.in, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

4 weeks ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago