A Cautionary Tale: Laos Violates Another Sanum Agreement

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posted:7/13/2013
language:Japanese
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Description: VIENTIANE, Lao P.D.R--(BUSINESS WIRE)--Sanum Investments Limited ("Sanum") had seemingly found a winning formula with its hospitality and entertainment enterprises in Lao P.D.R, until the Government arbitrarily revoked licences, cancelled concessions, imposed wrongful tax penalties and, most significantly, forcibly took control of its highly lucrative Thanaleng Slot Club. At the time, the Club was generating over USD $3 Million a month in net income. Sanum's top executives have also been threate
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