\u201cIt is correct to say the Galaxy bid was selected mostly because of [LVS], as Galaxy had no experiences in gaming [at the time] while [LVS] had,\u201d Ho said Monday.<\/p>\n
What Macau needed at the time was to enrich its tourism offerings to attract more travelers, thus sparking the economic recovery,\u201d<\/strong> he added.<\/p><\/blockquote>\nEconomic recovery is exactly what Macau got. Within five years it had overtaken Las Vegas as the world\u2019s biggest gaming hub, and it turned LVS into the biggest gaming company by revenue.<\/p>\n
LVS has said it disputes not only its obligation to AAEC but also the size of the award the lawsuit demands, adding that it \u201cintends to defend this matter vigorously.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
A $12 billion breach-of-contract lawsuit filed by Taiwanese businessman Marshall Hao against the richest casino company in the world, Las Vegas Sands Corp., finally went to trial Monday in Macau. Ho claims he is entitled to compensation arising from an aborted partnership between his company, Asian American Entertainment Corp (AAEC), and the US-based casino giant […]<\/p>\n","protected":false},"author":36,"featured_media":176696,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,60],"tags":[],"acf":[],"yoast_head":"\n
LVS on Trial: $12 Billion Breach of Contract Case Kicks off in Macau<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n