Singapore casinos have more trouble getting gamblers to pay up than their Macau counterparts. Reuters Former Olympic gold medallist Kong Linghui is being sued in Hong Kong by the Marina Bay Sands resort in Singapore over his HK$2.55 million (US$329,000) gambling debt. Each year, millions of mainlanders head to Macau, a special administrative zone of…
The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. “We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a…
Lending money to big time gamblers is easy for Singapore casinos, but collecting on those debts is time consuming and difficult. VIP clients who are in debt to casinos is increasing and becoming more of an issue. VIP casino clients, like China table tennis gold medalist, Kong Linghui, are not paying back gambling debts to Singapore…
It is possible for consumers to pay their debt obligations by taking out a loan. This could seem counterproductive but from an article by National Debt Relief published April 27, 2017 titled “How to Use Loans to Get Yourself Out of Debt” takes a look at how a taking out a loan can help consumers…
Jess Parker Daniel O’Neill with one of his company’s diggers, which was vandalised back in 2008. A former director of a South Canterbury earthmoving business has been ordered to pay more than $450,000 to the company and its liquidators. A High Court judge has ordered Daniel O’Neill, the former director of O’Neill Earthmoving, to pay…
Company’s debts stood at Rs, 1000 crore at June-end in 2014 Veena Mani | New Delhi June 3, 2017 Last Updated at 00:58 IST Elder Pharmaceuticals has filed for insolvency, in an attempt to restructure its debt, accordin… Read the full article at: http://www.business-standard.com/article/companies/elder-pharma-files-for-insolvency-117060201220_1.html