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Tim O'Reiley Gaming Guru - Page 5Sands' attorneys try to pinpoint changes in ex-consultant's story25 April 2013
Richard Suen spent Wednesday afternoon on the witness stand recounting more aspects of his consulting work for Las Vegas Sands Corp. as the company’s lawyers again tried to highlight more perceived changes in his story. This time, the flash point was the fate of a report he and an associate prepared in 2001 for the vice premier of China whose responsibilities included Macau. ... (read more)
Witness details growth of Macau properties owned by Sands18 April 2013
LAS VEGAS -- The expert accountant for former consultant Richard Suen justified the $328 million fee that Suen claims Las Vegas Sands Corp. owes him but lavished the company with kindness Wednesday. Citing internal projections Las Vegas Sands provided for Suen’s lawsuit, Walter Bratic, a managing partner of ... (read more)
Judge eases way for vote on Pinnacle's Ameristar buy17 April 2013
LAS VEGAS -- One legal challenge to the pending acquisition of Ameristar Casinos, Inc. by Pinnacle Entertainment, Inc. was rejected Tuesday. A shareholder class action lawsuit wanted the company to rewrite its proxy statement to reflect the financial implications if the company had decided to convert to a real estate investment trust. ... (read more)
Lawsuit filed over closure of Gold Spike Casino17 April 2013
LAS VEGAS -- The demise of the Gold Spike Casino downtown came too quickly for some of its employees. A lawsuit was filed in U.S. District Court in Las Vegas by cocktail server Debbie Camp, who claims former owner Siegel Group Nevada, Inc. and casino operator Fifth Street Gaming did not give a 60-day layoff notice required under the federal Worker Adjustment and Retraining Notification Act. ... (read more)
Former executive: Sands had "deal" in place12 April 2013
LAS VEGAS -- Las Vegas Sands Corp. had a “businessman’s deal” of what one-time consultant Richard Suen had to accomplish in Macau to earn a success fee, but never put it into a written contract, former President and Chief Operating Officer William Weidner testified in court Thursday. In that and other ... (read more)
Former Sands executive Weidner recounts final days with company11 April 2013
LAS VEGAS -- William Weidner’s turn on the witness stand Wednesday quickly skipped to his tumultuous final months as president and chief operating officer of Las Vegas Sands Corp., culminating in his March 2009 departure. The company’s finances had continued to deteriorate as the recession deepened in 2008, yet he saw no effective response, according to his testimony. ... (read more)
Suen explored Las Vegas in 2000 to "gather intelligence"9 April 2013
LAS VEGAS -- In November 2000, Las Vegas Sands Corp. consultant Richard Suen and three associates hit the Strip to do all the tourist things for the first time, including walking through a dozen resorts and catching a couple of shows. But rather than just indulging in some fun, Suen told a jury Monday, he was gathering intelligence to help pave the way for the company’s entry into Macau. ... (read more)
Flare-ups mark Adelson's second day on stand8 April 2013
LAS VEGAS -- The methodical, sometimes repetitious review of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson’s dealings with one-time consultant Richard Suen continued Friday in Clark County District Court, punctuated by flare-ups and an examination of the Thursday incident that led to a request for a mistrial. ... (read more)
Adelson appears in contract lawsuit; lawyer asks for mistrial5 April 2013
LAS VEGAS -- It took one hour of Sheldon Adelson’s testimony Thursday for the Las Vegas Sands Corp. chairman and CEO to provoke opposing attorneys to demand a mistrial. To burnish his long-standing convention industry credentials to the jurors, Adelson reached into a small black bag visible only to Clark ... (read more)
Stakes higher as retrial in claim against Las Vegas Sands under way4 April 2013
LAS VEGAS -- The story remains the same, but the stakes have risen by nearly a quarter of a billion dollars in the retrial of former consultant Richard Suen’s claim against Las Vegas Sands Corp. During opening statements Wednesday, Suen attorney John O’Malley told jurors that Suen played a critical role in helping Sands secure its lucrative gaming license in Macau a decade ago. ... (read more)
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