Philippines billionaire Enrique Razon sued in New York for ending Manila casino deal

Mar 29, 2021 | INVESTING

Philippines billionaire Enrique Razon was sued in New York by a company that claims the tycoon illegally terminated an agreement to operate a Manila casino and is hiding assets in the United States to avoid paying an arbitration award.The suit, filed on Monday in federal court in New York by Global Gaming Philippines, seeks to confirm a US$296.6 million arbitration award handed down by a panel in Singapore against Razon over his withdrawal of rights to operate the Solaire Resort and Casino in…

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