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CasinoMay 31, 2022·1 min read
Macau Court Rules in Favor of Las Vegas Sands in Decade-Long Dispute
The Court of First Instance in Macau ruled in favor of Las Vegas Sands (LVS) in a lawsuit against Asian American Entertainment Corporation (AAEC).
AAEC sought restitution from LVS of around MOP 96.5 billion (US $12 billion), claiming that the Las Vegas-based casino corporation had breached its contract.
In 2002, LVS and AAEC intended to compete jointly for a Macau casino license, but LVS instead joined Galaxy Entertainment Group. AAEC stated that it was not compensated enough for allegedly assisting LVS in obtaining a permit. The deal involving LVS and Galaxy ultimately devolved into a farce, with Galaxy obtaining the license and LVS obtaining a sub-license.
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