Two high rolling gamblers rolled the dice in a court battle over almost $3 million in loans – but only one came away the winner.
On one side was Epping-based casino junket operator Xiogming Xie.
His big-spending client Wenxin Chen was on the other.
Both men claimed the other owed them more than $1 million thanks to two separate loans they claimed to have made to each other in 2018 and 2019 respectively.
But their case in the NSW Supreme Court saw Justice Stephen Campbell provide a warning to big gamblers everywhere – if you’re going to call in a gambling loan make sure it is legally enforceable.
Chen launched legal action against Xie in March 2020.
In his statement of claim, Chen alleged he lent Xie $1 million when the two were gamblin…
Read the full article at: https://www.northernstar.com.au/news/gambling-whale-loses-15m/4166910/