Hearing on request to require LV Sands to post bond on award set for Monday

A district judge has set a hearing for Monday morning to consider whether to grant a Hong Kong businessman's request that Las Vegas Sands Corp. be required to post a bond to guarantee payment of a multimillion-dollar judgment against the gaming company.

Richard Suen wants the casino operator to post a bond on his $58.6 million award because the current economic meltdown has affected the company's fiscal stability. Las Vegas Sands' stock price has tumbled to historic lows over the past month, greatly reducing the company's market capitalization.

In May, following a six-week trial, a Clark County jury awarded Suen $43.8 million. An additional $14.8 million in interest was tacked onto the verdict. The jury found in favor of Suen, who claimed he should be compensated for helping Las Vegas Sands win a lucrative Macau gaming license in 2002. The lawsuit was filed in 2004.

Las Vegas Sands is appealing the judgment.