{"id":19071,"date":"2021-06-16T14:52:09","date_gmt":"2021-06-16T14:52:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19071"},"modified":"2026-04-23T18:30:22","modified_gmt":"2026-04-23T21:30:22","slug":"debate-over-dates-as-aaec-lawsuit-against-las-vegas-sands-resumes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/debate-over-dates-as-aaec-lawsuit-against-las-vegas-sands-resumes","title":{"rendered":"Debate over dates as AAEC lawsuit against Las Vegas Sands resumes"},"content":{"rendered":"\n

Asian American Entertainment Corporation’s (AAEC) US$12m lawsuite against Las Vegas Sands has resumed today after a delay of a year.<\/p>\n\n\n\n\n\n\n\n

Macau.- The court showdown between Las Vegas Sands (LVS) and Asian American Entertainment Corporation (AAEC)\u00a0<\/strong>has resumed today, beginning with debate about\u00a0whether the US casino giant was still a partner\u00a0<\/strong>of AAEC when it partnered with Hong Kong\u2019s Galaxy Entertainment.<\/p>\n\n\n\n

AAEC initiated the lawsuit in 2012, arguing that\u00a0Sands breached its contract<\/a>\u00a0for a\u00a0casino licence in Macau in 2002<\/strong>\u00a0when the US operator switched partners.<\/p>\n\n\n\n

However, according to Las Vegas Sands,\u00a0its partnership with AAEC ended before\u00a0<\/strong>the Macau government announced the results of its licence tender.<\/p>\n\n\n\n

Its legal team stated that a letter that was sent to Macau\u2019s then chief executive<\/strong> Edmund Ho Hau Wah showing the casino had already ended its relationship with AAEC on January 15, 2002.<\/p>\n\n\n\n

According to Reuters, Marshall Hao\u2019s<\/strong> AAEC is seeking damages calculated at around 70 per cent of Sands\u2019 Macau profits <\/strong>from 2004 to 2022. <\/p>\n\n\n\n

On September 4 2019,\u00a0AAEC was allowed to increase its initial MOP3bn claim to MOP96.45bn (US$12bn) for lost profits from 2004 to 2018\u00a0<\/strong>while reserving its right to claim for lost profits up to 2022 in due course at the enforcement stage. LVS\u2019 appeal over this decision is still pending.<\/p>\n\n\n\n

LVS<\/a>\u00a0requested a\u00a0postponement in September<\/strong>\u00a0last year due to the travel restrictions caused by the Covid-19 pandemic.<\/p>\n\n\n\n

In March,\u00a0Las Vegas Sands<\/a>\u00a0announced the sale of its world-famous Venetian casino in Las Vegas for US$6.25bn to focus on the Asian market.<\/p>\n\n\n\n

Chairman and CEO Rob Goldstein said: \u201cAsia remains the backbone of this company and our developments in Macau and Singapore are the centre of our attention<\/strong>. We will always look for ways to reinvest in our properties and those communities.\u201d<\/p>\n\n\n\n

According to the company, Macau and Singapore accounted for 48 per cent and 35 per cent of the company\u2019s total revenue respectively in 2020<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Asian American Entertainment Corporation’s (AAEC) US$12m lawsuite against Las Vegas Sands has resumed today after a delay of a year.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The US$12bn lawsuit between Asian American Entertainment Corporation (AAEC) and Las Vegas Sands (LVS) concerning an alleged breach of a 2002 Macau casino license contract has resumed. This legal challenge, seeking damages representing 70% of LVS's Macau profits from 2004-2022, unfolds as LVS strategically divests its Las Vegas assets to intensify its capital deployment and operational focus on the high-growth Asian gaming verticals, particularly Macau and Singapore.","focusai_entities":"Asian American Entertainment Corporation, Las Vegas Sands, Galaxy Entertainment, Edmund Ho Hau Wah, Marshall Hao, Rob Goldstein","focusai_location":"Macau, Las Vegas, Singapore, Hong Kong, United States","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Licensing Precedent?","query":"What are the potential implications of this lawsuit's outcome on future casino licensing tenders and B2B partnership structures within Macau's evolving regulatory compliance framework?"},{"label":"LVS Capital Allocation?","query":"How might a successful US$12bn claim by AAEC impact Las Vegas Sands' capital allocation strategy and its stated commitment to reinvestment in its core Asian gaming verticals?"}],"footnotes":""},"categories":[16338,439,158],"tags":[23907,1642,23906],"class_list":["post-19071","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-legal-news","category-slider-home","tag-land-based-casino","tag-las-vegas-sands","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=19071"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19071\/revisions"}],"predecessor-version":[{"id":19101,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19071\/revisions\/19101"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}