Singapores casinos have a problem with attracting revenue from mainland tourists, and face even more problems trying to recover their debts from Chinese gamblers, who simply have to flee back to China to evade payment.
Channel NewsAsia reported recently that according to a Hong Kong court writ, Kong Linghui, one of Chinas best-known table tennis players and now head coach of the countrys national womens team, is facing a HK$2.55 million (US$327,000) lawsuit over a gambling debt to a luxury hotel in Singapore.
According to Bloomberg, lawsuits against errant gamblers, like the one against Kong Linghui, are on the rise from 2 in 2013 to 49 in 2014. Part of the reason for this predicament is be…
Read the full article at: http://www.theindependent.sg/recovering-debts-owed-to-singapore-casinos-by-mainland-chinese-almost-irrecoverable/