Sheldon Adelson Causes Ruckus in $328M Suit Over Macau Casino

Mogul Hands Out Sands Hotel Brochures in Court

‘Piece of the Pie’: Casino mogul Sheldon Adelson said a middleman who accused him of reneging on a $328M deal ‘couldn’t deliver.’
getty images
‘Piece of the Pie’: Casino mogul Sheldon Adelson said a middleman who accused him of reneging on a $328M deal ‘couldn’t deliver.’

By Reuters

Published April 05, 2013.
  • Print
  • Share Share
  • Single Page

(page 2 of 2)

Adelson’s testimony on Thursday came on the second day of the retrial of the Suen case. In 2008, a jury in Nevada state court awarded Suen $43.8 million in damages, plus interest. But an appellate court overturned that verdict on the grounds that some of the evidence used was inadmissible.

Suen’s attorney, John O’Malley, estimated in opening arguments for the current case that the amount his client was owed had increased to $328 million, based on what he said was an agreement for Suen to receive $5 million plus 2 percent of Sands’ net profits in Macau.

In his opening argument, O’Malley detailed meetings he said Suen arranged for Adelson, including with one of China’s then vice-premier Qian Qichen and with Beijing Mayor Liu Qi. The lawyer said Adelson offered help in defeating a House of Representatives resolution against awarding the 2008 Olympic Games to Beijing.

But Adelson said this wasn’t the case.

“The idea that me, a kid from the slums, could help China, the largest country in the world, as if it had no lobbyists of its own, is ludicrous,” Adelson said from the stand.

The Chinese government did not respond to a request to comment on the 2008 Olympic Games.

Sands has said that it won the Macau license without Suen’s assistance.

Adelson said Suen contacted him in 2000, before Macau said it would end its government monopoly over gaming.

Adelson said he met Suen in the Peninsula Hotel in Macau and then in the meeting room at the Macau airport where the Hong Kong businessman introduced him to two Chinese businessmen.

“Suen brought two guys, Liu or Chu, something like that,” Adelson said. “I’m not very good at Chinese names. I’m not always good at English names.”

Adelson testified that after failing to deliver help in winning the license, Suen next offered to help Sands find financing and investors for the Macau casino.

He also offered to arrange public relations and lobbying for the company, which Adelson said he declined.

Sands has disclosed in regulatory filings that it received a subpoena from the SEC in 2011 related to its compliance with the Foreign Corrupt Practices Act (FCPA), and had been advised the U.S. Department of Justice was conducting a similar investigation.

The results of an investigation by the Sands board after it received the subpoena found “likely violations of the books and records and internal controls provisions” of the FCPA, Sands said in a Dec. 31 filing with the SEC. It also said at that time it had improved its practices.

A spokesman at Las Vegas Sands could not be immediately reached for comment.

Sands said in the filings that it believes the Justice Department subpoena may have been prompted by Jacobs’ lawsuit, which was filed in 2010. Jacobs was present in the packed Vegas courthouse for Adelson’s testimony on Thursday, but declined to comment on his case.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • Half of this Hillel's members believe Jesus was the Messiah.
  • Vinyl isn't just for hipsters and hippies. Israeli photographer Eilan Paz documents the most astonishing record collections from around the world:http://jd.fo/g3IyM
  • Could Spider-Man be Jewish? Andrew Garfield thinks so.
  • Most tasteless video ever? A new video shows Jesus Christ dying at Auschwitz.
  • "It’s the smell that hits me first — musty, almost sweet, emanating from the green felt that cradles each piece of silver cutlery in its own place." Only one week left to submit! Tell us the story of your family's Jewish heirloom.
  • Mazel tov to Chelsea Clinton and Marc Mezvinsky!
  • If it's true, it's pretty terrifying news.
  • “My mom went to cook at the White House and all I got was this tiny piece of leftover raspberry ganache."
  • Planning on catching "Fading Gigolo" this weekend? Read our review.
  • A new initiative will spend $300 million a year towards strengthening Israel's relationship with the Diaspora. http://jd.fo/q3Iaj Is this money spent wisely?
  • Lusia Horowitz left pre-state Israel to fight fascism in Spain — and wound up being captured by the Nazis and sent to die at Auschwitz. Share her remarkable story — told in her letters.
  • Vered Guttman doesn't usually get nervous about cooking for 20 people, even for Passover. But last night was a bit different. She was cooking for the Obamas at the White House Seder.
  • A grumpy Jewish grandfather is wary of his granddaughter's celebrating Easter with the in-laws. But the Seesaw says it might just make her appreciate Judaism more. What do you think?
  • “Twist and Shout.” “Under the Boardwalk.” “Brown-Eyed Girl.” What do these great songs have in common? A forgotten Jewish songwriter. We tracked him down.
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.