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Singapore casino sues high-rollers to recover gambling debts
Published in Bikya Masr on 29 - 12 - 2011

Singapore (dpa) – A Singapore casino operator is suing five high-rollers to recover 7.5 million Singapore dollars (5.78 million US dollars) in alleged debts, media reports said Wednesday.
Marina Bay Sands filed a case in the High Court against a Singapore-based Japanese, Takami Shinichi, who allegedly owes 2 million Singapore dollars after taking a credit line for gambling, The Straits Times newspaper reported.
The casino operator has also filed cases against Macau-based Chinese national Zhang Dechun to recover 1.94 million Singapore dollars and against Indonesian Husni Muchtar to recover 920,500 Singapore dollars.
The two other cases are against Malaysia's Por Boon Chuan and Chock Kok Sui to recover 518,436 Singapore dollars and 1.9 million Singapore dollars respectively, the report said.
Banks have not honored the credit guarantee cheques of the five premium players and members of the casino's exclusive Paiza Cub, according to the Singapore daily.
It was the largest group of alleged debt defaulters that Marina Bay Sands has taken to court since the casino opened in Singapore last year, it said.
“Basically, this sets a precedent so the other VIPs know that the casinos are serious about collection,” it quoted Bank of America Merrill Lynch analyst Melvin Boey as saying.
BM
ShortURL: http://goo.gl/YLbMi
Tags: Debts, Gambling, Lawsuits, Singapore
Section: East Asia


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