The Straits Times
MBS owner Las Vegas Sands faces $15.9 billion claim in Macau court
The trial, starting June 16, alleges that Sands breached its contract with Asian American for a casino licence in Macau.PHOTO: BLOOMBERG
PublishedJun 9, 2021, 9:01 am SGT
https://str.sg/3ZeB
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In March, Las Vegas Sands announced the sale of the Venetian Las Vegas to pursue high growth opportunities in the U.S. and abroad. With the reimplementation of restriction measures in Guangdong, the Macau casino business is likely to face near-term headwinds from low tourist numbers.
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