Judge instructs Sands to pay businessman $102M

Judge instructs Sands to pay businessman $102M

CREATED May. 29, 2013

LAS VEGAS (AP) -- A Las Vegas judge affirmed a $70 million verdict against Las Vegas Sands Corp. on Tuesday and tacked on another $31.6 million in interest.

In early May, a jury found against the casino company and in favor of Hong Kong businessman Richard Suen. The jury agreed Suen should be compensated for helping Sands earn a Macau gambling license in 2002.

The interest of 5.25 percent, or $8,400 per day, was calculated from the date Suen filed his suit, in 2004.

Suen won his breach of contract suit in 2008, but Sands appealed and the judgment was tossed on a technicality. Sands is again appealing.

Interest will continue to accrue until the money is paid or the verdict is overturned.
 

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