Asian American loses appeal against Sands over initial gaming sub-concession

Asian American Entertainment (AAEC) has seen its latest appeal denied by the Court of Second Instance in Macau, in another blow to its legal dispute with Las Vegas Sands and Venetian Macau.

The firm helmed by Marshall Hao had its claims against the gaming giant rejected again, now leaving it with only a high court appeal possibility for the billions that it's seeking in claims linked to the initial Macau gaming concession dating back to 2002.
According to public broadcaster TDM Canal Macau, the courts in 2022 had rejected its claim that a partnership signed between Asian American and Las Vegas Sands was valid. The Taiwanese-led firm had claimed that the American partner had breached its contract with the company and signed on with Galaxy to be granted a sub-concession for Macau gaming.

Two years later, the appeal has again been rejected by the courts, putting in question whether the company’s claim for some MOP90 billion ($11.3 billion) in damages will be deemed legitimate by a future legal action, now only possible via the Court of Final Appeal.
According to the company's lawyer cited by the broadcaster, the ruling by the Court of Second Appeal was met unfavorably by Asian American, however the lawyer has not yet received the ruling and what possible countermeasures that could be filed.
The legal team behind Asian American has promised to continue its legal battle and will move the case to the Court of Final Appeal.

Appeal Legal Damages Las Vegas Sands Latest news Marshall Hao

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_2024-12-17

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