Nevada’s high court throws out $70M verdict over Sands’ Macau permit

Sands Corp. is getting a new trial in the case filed by Hong Kong businessman Richard Suen.

This was after the Las Vegas-based casino operator persuaded the Nevada Supreme Court to overturn a 2013 jury verdict that ordered Sands to pay $70 million to Suen, who claimed to have helped the company win permission to operate in Macau.

Last week, the high court announced “there wasn’t sufficient evidence to justify the $70 million in damages a jury awarded in Richard Suen in 2013 and that a new trial was needed,” Bloomberg reported.

The 2013 decision was actually the second time Suen triumphed over Las Vegas Sands. In 2008, the businessman was also awarded $43.8 million, but that verdict was also overturned by the Nevada Supreme court two years later.