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23 March
2008 Casino
Billionaire Wins Damages From Daily
Mail American
Casino
billionaire Sheldon Adelson has won damages in
London's High Court after the Daily
Mail
newspaper accused him of "cut-throat, ruthless and
despicable" business practices. His lawyers said
the settlement was one of Britain's most expensive
libel actions and would cost the Daily Mail's
owners about £4 million ($8 million) in
damages and costs. Adelson,
described by Forbes magazine as the world's 12th
richest man, sued over a story which his lawyer
Gideon Benaim said was false, distressing and
embarrassing. The newspaper
said Adelson colluded with businessman Malcolm
Glazer to take control of Manchester United. Glazer
finally bought the football club in
2005. The paper ran the
story over two pages in May 2005, describing
Adelson as "the ruthless casino baron who rules Las
Vegas." In court, Benaim
said the article suggested Adelson and his
company,
Las Vegas Sands
Corp.,
the world's biggest casino operator, engaged in
"despicable business practices" and "habitually and
corruptly bought political favor." The article also
said he sent a friend to ask his wife for a divorce
on the night before she had a cancer
operation. "These
allegations were all unjustified," Benaim told the
court. "As such, they represent a grave slur on Mr
Adelson's personal integrity and business
reputation." Adelson had never
met Glazer, the lawyer added. Associated
Newspapers,
the publisher of the Daily Mail, withdrew the
allegations, apologised to Adelson and his company
and agreed to pay him substantial undisclosed
damages. In a statement
issued by London law firm Schillings, Adelson said:
"The Daily Mail's article was a wholly unwarranted
attack on me and our business. It was based on a
lie - the false allegation that I had secret
meetings with Malcolm Glazer, a man I have never
met - and proceeded to make wild and false claims
about my personal life and my career." Adelson said he
would donate the damages to the Royal
Marsden Cancer
Hospital
in London. |
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