Las Vegas Sands Continues to Fight Lawsuits

Las Vegas Sands (NYSE: LVS  ) continues to fight off lawsuits, and a $328 million claim from a Hong Kong businessman is the latest to hit headlines. The Fool's Erin Miller sat down with analyst Travis Hoium to see if this is a concern for the company going forward or something investors can look past. 

For many companies, successfully capitalizing on a booming Chinese economy is like winning the jackpot. That's indeed the case for Las Vegas Sands, which made a big bet on Macau gaming about a decade ago that's paid off in spades. The company is now looking to spread its empire further, but will it be able to replicate its prior successes? Learn about all these opportunities, and the risks they pose, in our premium report on Las Vegas Sands. Be sure to claim your copy today by clicking here.


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  • Report this Comment On April 11, 2013, at 12:28 PM, spokanimal wrote:

    In his dialogue, Mr. Hoium is placing to much emphasis on the fact that LVS lost it's original case against Mr. Suen.

    On the contrary, the 2, primary reasons that the Nevada supreme court threw out the original verdict were arguably the 2 most important reasons that Suen offered up in the case.

    1. That Weidner originally testified that Stanley Ho had commented on Beijing having influence over the award of the license. That was not only hearsay, but Mr. Ho is known for off-the-cuff remarks with political overtones bent on generating influence.

    2. That the judge failed to instruct the jury that they should presume that governments are following their countries' laws... in this case that Beijing's non-interference statutes as they pertain to the SARs. A top Chinese official re-asserted that policy in an interview last week.

    Forget the previous trial, Travis. The differences between the 2 trials favor LVS much more in the sequel.

    Spokanimal

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