The Star Entertainment Group is in the middle of one of its biggest debt recovery mission ever, chasing a Singaporean high roller for a whopping $43 million debt.
Dr Yew Choy Wong was reportedly invited to come to the Broadbeach casino to play as a VIP last July.
No stranger to casino VIP rooms around the world, he accepted the invite and over a five-day baccarat session, racked up $43.2 million.
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The international high roller apparently laid down a blank cheque on arrival, to cover his losses once he left the casino, though when The Star went to cash it, the cheque bounced.
It’s believed Dr Wong told his bank not to honour the cheque because the dealer had consistently made mistakes throughout his stay.
In a letter from The Star – obtained by Newscorp – the casino reportedly acknowledged the mistakes but outlined that they did not have a direct financial impact on Dr Wong.
However, it’s been reported in The Strait Times (a Singaporean newspaper) that Dr Wong believes the casino’s letters waved his debts as a result of the mistakes.
In a statement from Dr Wong’s lawyer to The Strait Times, he says they won’t back down from this fight.
“Dr Wong will contest the Singapore case as a matter of principle and intends to fully vindicate his decision to stop payment.
“In the meantime, Dr Wong continues to enjoy excellent relationships with other casinos in Singapore and abroad,” lawyer Abraham Vergis told The Strait Times.
It’s believed the matter is before the High Court in Singapore.