Las Vegas Sands Corp. to appeal legal challenge to CotaiJet Ferry operation
The company intends to file an appeal within the next week, and expects to continue to operate its ferry service until a decision on the appeal is rendered or the matter is otherwise resolved.
Las Vegas Sands Corp. stated that both the company and the Government of Macau are parties to the recent lower court ruling, and as parties to the ruling, each has the ability to appeal the case. Upon appeal, the lower court ruling will be immediately suspended until a decision is rendered by the Macau Court of Final Appeal. The basis of the legal challenge to the granting of the ferry concession is that all concessions related to the provision of public services must be awarded through a public tender process.
Sheldon G. Adelson, chairman and CEO stated, "We believe the Macau authorities are committed to finding a solution that, in the event the lower court ruling is not reversed, would ensure that CotaiJet ferry operations are not suspended and that the public interest is protected."
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