Nevada high court orders new trial in $100M Vegas Sands case
LAS VEGAS (AP) — A Las Vegas court will hold another trial on whether casino magnate Sheldon Adelson's company has to pay more than $100 million to a Hong Kong businessman for helping to secure business in Macau.
The Nevada Supreme Court ruled there wasn't enough evidence to support a jury award for Richard Suen in the 12-year-old case.
Las Vegas Sands Corp. said Monday it welcomes the decision.
Suen contends that meetings he arranged with Chinese officials helped Adelson's company get approval to build lucrative casinos in Macau. Suen's lawyer, John O'Malley, declined to comment.
The ruling came Friday after the billionaire's company appealed. Juries in Clark County District Court found in favor of Suen in 2008 and 2013.
Penalties and interest have added at least $30 million to a $70 million judgment.