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Casino News:

  Steve Wynn to get additional $20million as compensation from Joe Francis

As settled by Superior Court board of judges of Los Angeles, Joe Francis, the producer of Girls Gone Wild owes $20m as compensation charges to Steve Wynn, the chairman of Wynn Resorts. He was insulted by Joe in 2007 when the latter paid only $500k out of a total bill amounting $2.5m at a Wynn casino in Las Vegas. Afterwards, Joe charged Steve of jeopardizing him in case the balance amount is not paid. Steve Wynn got a decision in his favor that he will be paid $7.5m by Francis; thereby the total amount to be paid to him came to $50m from the starting amount of $2m.

In Nevada, a grand court case is being fought by on-again/off-again BFF Sheldon Adelson, the company operated by Steve Wynn. On Monday, a three-day investigation began to decide if Las Vegas Sands should pay reimbursement to Steve Jacobs, the ex-CEO of Sands China for preserving illegal slaughter charges in opposition to the company. Elizabeth Gonzalez, the Clark County District Judge was very much frustrated to know that the officers of Las Vegas Sands had relocated the correlated credentials of the case to States on their own, years back for which she took about one year to conclude if it was lawful to do so.

 On Monday, the investigation started with the typical question about LVS’ knowledge about relocation of credentials. The chief lawyer of LVS’ in the case informed the court about replication of around 100 e-mail copies related to Jacobs in his arrangement of arguments in favor of LVS. However, he was uncertain about revelation of the same in lawyer discussions that took place during start of the year. To this, Todd Bice, the lawyer of Jacobs nodded his head positively and ironically as he was also not shown these copies by Peek.
The lawyers of LVS time and again protested against the inquiries made by Bice and declared that a number of replies looked forward by Bice were safeguarded by freedom between lawyer and the client. A number of protests were upheld by Gonzalez. However, she warned that she may find a reason in this dependence on attorney-client freedom to settle about the reimbursement issue of LVS.

She further stated that there were some discrepancies in the case that were made by the lawyers of LVS in the beginning in relation to  the restriction put on the capability of the court to access the credentials of the case under Macau Personal Data Protection Act. She allowed the lawyers of LVS to prepare additional official arguments in opposition to LVS on this matter. Now the investigation will be closed by Wednesday.


   2012-09-12






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