Singaporean Man Owes Millions After Gambling Spree at Casino, CNN Reports
Massive Gambling Losses Lead to Legal Ruling
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 just a few days. Queensland’s Supreme Court ruled recently that Yew Choy Wong owed this substantial amount to the Star Gold Coast, plus legal fees and interest.
Background of the Case
Wong racked up losses of 47.3 million Australian dollars ($31.5 million) at the casino between July 26 and August 2, 2018. After failing to address his debt before fleeing the country, the casino sought recovery through legal channels.
- Wong attempted to use a blank check as collateral, but it bounced.
- In 2019, the casino tried to sue Wong in Singapore; however, the court dismissed the case due to laws against recovering gambling debts.
Arguments Presented
Wong argued that he should not owe the Star any money due to issues with the card dealing. He claimed that he had received verbal reassurances from Star's COO that his losses would be waived if there were further dealer mistakes. However, the COO denied these claims.
- The court found no supporting evidence for Wong's claims.
- Wong received various goodwill payments from the casino following his complaints.
Justice Melanie Hindman noted the absence of evidence regarding Wong's alleged agreement, underscoring the legal complexities surrounding gambling contracts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.