Macau Court is Siding with LVS in $7.5B Breach of Contract Case Vs. Marshall Hao

Judge Seng Ioi Man said Tuesday there was no evidence that the contract in question extended beyond 15 January 2002, the date LVS claims it ended.

He also said it was impossible to know whether the joint bid for a Macau gaming license involving the plaintiff and defendant would have been successful had the relationship not ruptured.

This is the latest in a longstanding legal battle between LVS and Asian American Entertainment (AAEC), a company controled Taiwanese businessman Marshall Hao.

AAEC partnered with LVS in 2001 on a bid for a Macau casino license after the government chose to liberalize the previously monopolistic gaming sector.

In early 2002, LVS joined forces with the Galaxy Entertainment Group on a bid that ultimately won the license. In the ensuing decade, the former’s Macau operations helped it to grow into the wealthiest casino operator in the world.

Source: https://www.casino.org/news/macau-court-is-siding-with-lvs-in-7-5b-breach-of-contract-case/