Plaintiffs are seeking USD 255 million in damages
Class Action Lawsuit Filed against SLS Las Vegas
The casino is currently owned by Stockbridge Capital Group and sbe Entertainment
2017-12-11
Reading time 29 seg
A group of Chinese investors bought a lawsuit against SLS Las Vegas alleging that the company is on the verge of bankruptcy
Sixty Chinese investors are claiming that SLS Las Vegas hasn’t turned a profit since its opening in 2014 and is on the verge of bankruptcy, in a class action case brought in Los Angeles County this week.
These investors lent roughly USD 400 M to the project in 2013 in exchange for American citizenship.
In the class action case, none of the 60 individuals have received their permanent green card, and the plaintiffs are seeking $255 million in damages.
In May, Stockbridge Capital Group agreed to sell the hotel to Meruelo Group, who is now seeking to renegotiate the loans from the Chinese investors.
Leave your comment
RELATED NEWS
Revenue of $2.9B, up from $2.8B
Caesars posts modest Q1 growth as digital unit drives gains, Las Vegas trends improve
Shares rose nearly 20% after results
Rush Street Interactive raises 2026 outlook after record first-quarter revenue hits $370.4 million
Regulation proposal faces uncertainty
Iowa lawmakers push prediction market regulations while House committee support weakens
COMPANIES
Shares rose nearly 20% after results
Rush Street Interactive raises 2026 outlook after record first-quarter revenue hits $370.4 million
Changes took effect April 1
Merkur strengthens gaming division with two executive appointments
69% cut in Scope 3 emissions
Play’n GO outlines sustainability efforts as it marks 20 years in latest report
Revenue of $2.9B, up from $2.8B
Caesars posts modest Q1 growth as digital unit drives gains, Las Vegas trends improve
NYCE Marketplace
Partnership expansion
Racing and Sports partners with Altenar to enhance global racing offering
Upcoming Philippines casino resort
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
Industry recognition
Altenar wins Best Online Sportsbook Provider 2026 at SiGMA South America
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
Two of its standout cabinets
Zitro to present FANTASY cabinet and Asia-focused game lineup at G2E Asia in Macau
Event will take place on 10 September
SOFTSWISS to host Tech Race Summit 2026 focused on high-load infrastructure challenges
Winners will be announced on May 25
Casino Guru Awards 2026 move into final evaluation phase ahead of May ceremony
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
