Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

World News

Singaporean man ordered to repay tens of millions in debt to Australian casino

by September 10, 2024
September 10, 2024
Singaporean man ordered to repay tens of millions in debt to Australian casino

A Singaporean man has been ordered to repay more than 38 million Australian dollars ($25.7 million) after he lost big during a gambling spree at an Australian casino over the span of a few days.

Queensland’s Supreme Court ruled Monday that Yew Choy Wong owed that amount to the Star Gold Coast, as well as the casino’s legal fees and interest. He had racked up losses of 47.3 million Australian dollars ($31.5 million) there between July 26 and August 2, 2018.

Wong fled the country without settling his bill, according to court documents. The casino tried to recoup its losses using a blank check Wong had given its sister property, the Star Sydney, a year prior, but that check bounced after Wong told his bank not to pay out any checks from the Star, the ruling said.

The casino then tried to recover the debt in 2019 by suing Wong in Singapore, but that case was dismissed a year later because Singaporean law largely prohibits the recovery of gambling debts.

According to court documents from that case, Wong frequently played the card game baccarat at the Star’s casinos, during which he and his “entourage of some 28 people” were flown to Queensland by the casino and housed in its private salons.

In the more recent case, Wong argued he did not owe the Star any money because he had complained about the way the casino’s dealers had dealt cards to him, after which he stopped gambling.

Wong said he resumed gambling after the Star’s chief operating officer, Paul Arbuckle, verbally agreed that Wong would not have to pay for losses he had already incurred and that the casino would waive any further losses, if the dealers repeated their alleged mistakes.

Arbuckle denied making this agreement, according to the ruling.

Star Entertainment, which owns the Gold Coast casino, declined to comment on the case.

In a letter presented to the court, which was addressed to Wong and signed by Arbuckle, the COO apologized for “difficulties” Wong experienced during his visit, but noted the mistakes would have had no direct financial impact on Wong. The letter did not mention waiving Wong’s debt.

The casino also paid Wong hundreds of thousands of dollars in goodwill payments following his complaints, the ruling said.

Justice Melanie Hindman said: “The alleged agreement pleaded by Dr Wong is not evidenced by the letter of apology or otherwise supported by any other evidence adduced in the trial.”

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
US indictments reveal AI use in Russia disinformation campaign targeting 2024 election
next post
Kamala Harris’ new climate director said she is hesitant to have children because of climate change threats

You may also like

Canada needs to look after itself, leader says,...

March 26, 2025

American woman detained in Afghanistan has been freed

March 29, 2025

Trump wants to protect South Africa’s White farmers....

March 2, 2025

Austrian court quashes ex-Chancellor Kurz’s perjury conviction

May 26, 2025

DeepSeek is giving the world a window into...

January 30, 2025

Syrian elections could take up to 4 years...

December 30, 2024

Washington’s Arab allies engage with Iran as US...

October 22, 2024

Three Israeli border guards shot dead at Allenby...

September 8, 2024

Where is Assad? After the fall of Damascus,...

December 8, 2024

Zelensky says Russian forces started fire at Russian-controlled...

August 11, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Peru’s plan to drastically reduce Nazca Lines park size sparks concerns over environmental and heritage risks

      June 3, 2025
    • Trump’s fresh White House portrait sparks interest amid controversy over National Portrait Gallery leadership

      June 3, 2025
    • Trump pushes ‘Big, Beautiful Bill’ as solution to four years of Biden failures: ‘Largest tax cut, EVER’

      June 3, 2025
    • Mexican president hails first judicial election a ‘complete success’ after just 13% turnout

      June 3, 2025
    • Trump administration open to allowing Iran to continue some uranium enrichment: report

      June 3, 2025
    • ‘Squad’ members condemn antisemitic attack in Boulder after years of controversy

      June 2, 2025

    Categories

    • Business (649)
    • Investing (661)
    • Politics (4,318)
    • World News (2,914)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 WhaleLargeCapital.com | All Rights Reserved