Sands ruling may be seen as Wynn win

For inside baseball fans, the score from the $43.8 million verdict against Las Vegas Sands Corp. could be characterized as Steve Wynn 1, Sheldon Adelson 0.

The casino developers, who are oftentimes antagonists, were not adversaries in the lawsuit.

However, the Las Vegas law firm that handles gaming matters for Wynn Resorts Ltd. was part of the legal team that represented Hong Kong businessman Richard Suen during the six-week trial in Clark County District Court. A jury ruled Suen should be compensated for his efforts in helping Las Vegas Sands earn a Macau gaming license in 2002.

John O’Malley, from the Los Angeles office of Houston-based Fulbright & Jaworski, was Suen’s lead counsel. Attorneys James Pisanelli and Debra Spinelli-Hays from the Las Vegas office of Brownstein Hyatt Farber Schreck, Wynn’s law firm, played a role in the case.

Other attorneys from the firm occasionally popped into the trial. Todd Bice, who represents the Nevada Resort Association and the Las Vegas Convention and Visitors Authority, watched the reading of the verdict. Partner Frank Schreck, who represents Steve Wynn, sat through some of the closing arguments.

Sands Chairman Adelson was not without his own Las Vegas attorney heavyweights. Legal icon Sam Lionel of Lionel Sawyer & Collins was at the defense table throughout the trial.

Following the verdict, Suen’s legal team found the perfect location for a celebration dinner: the SW Steakhouse inside Wynn Las Vegas.

***

Wall Street barely shrugged after the verdict. The financial community had more interest in Las Vegas Sands increasing the frequency of its Macau high-speed ferry boat service linking the Cotai Strip with Hong Kong.

“While the ruling is certainly not a positive for Las Vegas Sands, we do not believe it is a significant negative catalyst either,” Bear Stearns gaming analyst Joe Greff said.

***

Suen’s court victory garnered coverage in Hong Kong, Singapore, Israel and other markets where Adelson and Las Vegas Sands have business ties. Hong Kong’s The Standard carried the headline, “HK businessman beats casino giant in fight for Macau share.”

***

Maybe the American Gaming Association has run out of casino bosses. The 2008 inductees for the Gaming Hall of Fame names just one person who ever ran a casino.

Bernie Goldstein, chairman and former CEO of Isle of Capri Casinos, heads the four-person list. Also named were boxing promoters Bob Arum and Don King, and celebrity chef Emeril Lagasse.

Howard Stutz’s Inside Gaming column appears Sundays. E-mail him at hstutz@reviewjournal.com or call 702-477-3871.

ad-high_impact_4
Business
Xtreme Manufacturing and Snorkel at World of Concrete
World of Concrete boasts 1,600 exhibitors across 745,000 net square feet at the Las Vegas Convention Center. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
CAT Smartphones displayed at World of Concrete 2019
CAT phones for trade workers on display at the 2019 World of Concrete convention. (Bailey Schulz/Las Vegas Review-Journal)
More woman-focused workwear coming to market
Carhartt Company Gear senior brand manager Katelyn Donah discusses a growing percentage of women in skilled trade professions. (Bailey Schulz/Las Vegas Review-Journal)
MGM Grand Plans To Add Retail And Dining To Its Strip Facade
MGM Grand President and Chief Operating Officer Scott Sibella said executives are “discussing redeveloping that entire frontage of the building out to the Las Vegas Strip.” (Todd Prince/Las Vegas Review-Journal)
Boyd Gaming planning new corporate campus
Casino operator Boyd Gaming Corp. has filed plans to build a new corporate campus. The plans call for two 10-story office buildings and a six-level parking garage in the southwest Las Vegas Valley. Boyd Gaming operates The Orleans, the Suncoast, downtown's California Hotel and other properties. The new headquarters would be just a mile from its current main office building.
Bellagio Conservatory transformed to celebrate Year of the Pig
The Bellagio Conservatory Team transformed the 14,000 square foot conservatory to commemorate Chinese New Year, the holiday that marks the end of the coldest days of winter. (Rachel Aston/Las Vegas Review-Journal)
CES 2019: Intro uses sound to connect people
Intro, a startup that is part of the Future Worlds Accelerator in the UK, has an app that uses ultrasonic sound to find people and companies nearby. (Mat Luschek/Review-Journal)
CES 2019 Video: CES wraps up another year
Time-lapse video of the action at CES 2019 in Las Vegas. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Create your own beauty products
Beauty Mix by BeautyByMe is a product that lets you create your own cosmetics and beauty products. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Picobrew’s home brew machine
Picobrew brings automation to homebrewing. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Surviving CES
What it's like to spend four days working the mammoth tech convention. (Jason Bracelin/Las Vegas Review-Journal)
Haier’s smart home
Haier presented smart home technology at CES 2019.
CES 2019 VIDEO: Foldimate makes laundry day easy
Foldimate has created a machine that will fold your laundry for you. Just feed it anything you need folded and it will do the rest. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Opte device corrects skin spots
Opte from Proctor and Gamble is a device for correcting spots and freckles from skin. It analyzes the area for spots and then covers them with a serum of matching skin tone. (Mat Luschek/Las Vegas Review-Journal)
Circa hotel-casino in downtown Las Vegas unveiled
Derek Stevens reveals Circa hotel-casino in downtown Las Vegas. He plans open by the end of 2020. (K.M Cannon/Las Vegas Review-Journal)
Circa, new casino coming to Fremont Street
Casino owner Derek Stevens announces his new property Circa, coming to Fremont Street in downtown Las Vegas in late 2020. (Michael Quine/Las Vegas Review-Journal)
Dreenk My Oeno makes wine suggestions
At CES 2019 in Las Vegas, the Dreenk My Oeno tells you all about wine.
Polaroid One Step Plus camera unveiled at CES 2019
Polaroid has moved into the digital age with its One Step Plus camera with Bluetooth. With the connected app, it turns your smartphone into a remote for the camera, along with filters and features. (Mat Luschek/Review-Journal)
Amazon is everywhere at CES 2019 in Las Vegas
Seemingly everything works with Amazon Alexa
LG Smart Mirror helps you dress snazzy
LG’s Smart Mirror is less of a mirror but more of an assistant to help get you looking snazzy. It takes your image and recommends clothes for you or matches existing clothes with new clothes, which can be purchased right from the mirror. (Mat Luschek/Las Vegas Review-Journal)
Underwater robots make waves at CES 2019 in Las Vegas
Robosea is a company dedicated to underwater robotics. They produce consumer robots for underwater filming as well as commercial products which can be used for underwater research. (Mat Luschek/Las Vegas Review-Journal)
CES 2019 - Victrola record players spin in Las Vegas
A new spin on an old favorite, Victrola record players are meeting a demand for retro products. The brand is also making furnitures with built-in speakers.
CES 2019: Slamtec robots ready to serve
Slamtec is a robotics company out of China whose goal is to provide solutions for laser localization mapping and navigation. They have created two autonomous robots that can be used in areas such as bars, restaurants and malls. (Mat Luschek/Las Vegas Review-Journal)
Mixologiq drink maker appears at CES 2019 in Las Vegas.
This is the Mixologiq drink maker.
CES 2019: Veritable smart garden
Let’s face it; not all of us have green thumbs. And herbs are particularly difficult to grow, considering their constant need for sunshine. Enter the Veritable smart garden from Exky, which does it all for you. (Heidi Knapp Rinella/Las Vegas Review-Journal)
Bonnie Springs Ranch near Las Vegas being sold to developer
Bonnie Springs Ranch near Las Vegas is being sold to a developer, set to close in March. Bonnie Springs, west of Las Vegas off State Route 159 — next to Spring Mountain Ranch State Park — spans more than 60 acres and was on the market for $31 million. The developer and his project partner are under contract to buy the ranch and plan to chop it up mostly into custom-home lots. The plans includes a 25-room motel, a restaurant and a 5,400-square-foot event barn.
Bone-conduction headphones form Aftershokz
Aftershokz offers bone-conduction headphones - headphones that don’t go in the ear.
CES Happy Hour party at Hangover Suite at Caesars Palace
Conventioneers mingled during the Hardware Massive CES 2019 Happy Hour Bash at The Hangover Suite at Caesars Palace in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Autonomous Cars and Futuristic Aircraft Rule CES
Day two of CES was dominated by autonomous cars and futuristic aircraft in the North Hall of the Las Vegas Convention Center.
TekNekSavr fights neck problems caused by smart phones
Atiya Syverson invented the TekNekSavr to help fight neck and head problems caused by strains while typing on smart phones. (Mat Luschek/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Home Front Page Footer Listing
Circular
You May Like

You May Like