Ecuador defeated a $214M casino damages claim in arbitration Tribunal rules Lynton Trading lacked US economic activity Casino referendum could revive gambling industry under strict tax A Nevada-incorporated company that said it lost out big-time when Ecuador banned gambling nearly 15 years ago has failed to extract $214 million in compensatory damages from the South American nation. Lynton Trading is controlled by Luis Fuentealba Meier, above, a Chilean casino tycoon who conducts little business in the United States and therefore was found to have ‘lacked economic activity’ there, according to an international tribunal. (Image: Fairfax Media/Getty) Lynton Trading Ltd. sought the nine-figure sum because it had interests in casinos in the country before voters banned all gambling in a 2011 national referendum. Before that, around 160 gambling halls operated in Ecuador, employing more than 25K people. After the vote, gambling operators were given just six months to wind down their businesses and vamoose. No Business in US Lynton claimed the…Read MoreCategory: Legal, Politics, $214 million compensation claim, Ecuador casino ban, Ecuador gambling referendum, Lynton Trading, Nevada-incorporated company disputeSource: Casino.org