Singaporean man who incurred gambling debt ordered to repay $33.6m to Australian casino
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SINGAPORE — A Singaporean casino high-roller who incurred a multimillion-dollar baccarat debt with The Star Gold Coast Casino has been ordered to repay the casino about A$38.7 million (S$33.6 million). Wong Yew Choy incurred an A$43 million debt at the caSingaporean man who incurred gambling debt ordered to repay $33.6m to Australian casino
SINGAPORE — A Singaporean casino high-roller who incurred a multimillion-dollar baccarat debt with The Star Gold Coast Casino has been ordered to repay the casino about A$38.7 million (S$33.6 million). Wong Yew Choy incurred an A$43 million debt at the casino in Queensland, Australia, between July 26 and Aug 2, 2018, but left Australia on the last day without settling it. Star Entertainment Queensland, which operates the casino, attempted to recover the debt with a signed blank cheque he had previously given Star Sydney, a related establishment. Wong had exchanged the cheque for gambling chips in May 2017 as part of a cheque-cashing facility agreement. But the cheque was not used then because he settled his gambling losses on that occasion via a bank deposit. The Supreme Court in Brisbane heard that when The Star Gold Coast Casino tried to cash the cheque in 2018, it bounced. It emerged that Dr Wong had instructed his bank on Aug 3, 2018, not to honour any cheque purporting to draw on his account in favour of The Star Gold Coast Casino. Read more