AAEC loses bid to gain extension to appeal deadline

Asian American Entertainment Corp. (AAEC) has been denied its request to either have an extension to the deadline to appeal a Macau court ruling in a multi-billion dollar case against Las Vegas Sands, or to have the ruling translated to Portuguese. 

AAEC requested a 30-day extension for the deadline earlier this month as lawyers working for both parties do not speak Chinese, which was the only language the 99-page document was issued in.

The Court of First Instance came to its decision in favor of Las Vegas Sands April 28th after a long-running legal battle over breach of contract. 

“We were not expecting this decision. We hoped the court would respect the fact that a non-Chinese speaker cannot review a 99-page Chinese judgment in 10 days,” a source connected to the plaintiff said. “The court makes the point that one thing is to not know Chinese, the other to not know the content of the judgment. But they are inseparable: one cannot understand a text in a language we do not know.”

“The Court speaks both official languages. The Asian American representative speaks only one. Why choose the one that Asian American’s representative does not understand instead of the other?”

AAEC, which is headed by Taiwanese businessman Marshall Hao, had been claiming at least $7.5 billion from the U.S. operator for breach of contract.

The compensation demand was based on two independent reports, one of which was done by consulting firm Ducker Research, which estimated AAEC that, which is backed by Taiwanese businessman Marshall Hao, lost out on about MOP57.9 billion between 2002 and 2020.

The two parties had teamed up in October 2001 to explore a potential bid for a Macau concession in 2002, however, LVS ultimately partnered with a forerunner to Galaxy Entertainment and went on to win the coveted license.

AAEC’s compensation claim is based on estimates of how much net profit the company lost as a result of not gaining the license.