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Category Archives: Gambling

Star Gold Coast Casino Suing High Roller for AUD $43 Million in Gambling Debts – Tunf.com News

GamblingBy Insolvency Advisory AccountantsApril 5, 2019

The Star Gold Coast casino in Queensland, Australia is suing Singaporean high roller Wong Yew Choy for AUD $43 million (USD $30 million) in gambling debts he racked up during a five-day stay at the resort. Choy left the country and canceled a check he wrote to pay what he…

Grand National credit card bets will cost £16m – Financial Times

GamblingBy Insolvency Advisory AccountantsApril 5, 2019

Customers betting on the Grand National this weekend are set to spend some 16m on credit card fees alone, according to research revealing that bad bets made on plastic could cost gamblers dearly. Punters are set to bet 250m over Aintree weekend, according to bookmaker Ladbrokes. Up to one-fifth of that amount is likely to…

Star Gold Coast Sues High Roller Over $43M Gambling Debt – Casino Aus

GamblingBy Insolvency Advisory AccountantsApril 4, 2019

The Star Gold Coast in Queensland is suing Singaporean high roller Dr Wong Yew Choy for gambling debts amounting to a staggering $43 million. Star Gold Coast Casinos can rake in a lot of profit from high-stakes gamblers. In Australia, many of the casinos benefit greatly from high rollers. These whales travel from various countries…

Chinese Police Goes Creative Busting Illegal Gambling Dens With Drone – Casino Buzz

GamblingBy Insolvency Advisory AccountantsApril 2, 2019

Chinese police officials have gone creative in busting illegal gambling dens across the country. Gambling is legal only in Macau which is Chinese territory. Gambling is illegal in mainland China; however, illegal gambling activities are on the rise. In a recent drive to curb and crack down on such unlawful…

Star sues high roller over $43.2m gambling debt – Gympie Times

GamblingBy Insolvency Advisory AccountantsApril 2, 2019

STAR Entertainment Group says it is “vigorously” pursuing a Singaporean high roller who claims dealing “mistakes” entitle him to write off a $43.2 million gambling debt on the Gold Coast. In a case set to provide a fascinating insight into the world of high-stakes casino betting, Star is suing Dr Wong Yew Choy in the…

The Bizarre Side of Gambling: From Wife Gambling to Addiction – VegasSlotsOnline

GamblingBy Insolvency Advisory AccountantsApril 2, 2019

30-second summary This week a man in Pakistan was arrested after losing his wife while gambling Court approves halving a mortgage debt after husband got addicted to gambling Woman with an addiction to video lottery terminals leaves her divorced and bankrupt In todays society gambling is big business; the rewards can be high, but the…

The Star Gold Coast casino sues high roller to recover $43 million in gambling debts – ABC News

GamblingBy Insolvency Advisory AccountantsApril 2, 2019

The Star Gold Coast is chasing a $43 million debt from a Singapore-based high roller who flew out of the country and cancelled a blank cheque casino bosses were holding as collateral. Key points: Wong Yew Choy lost the equivalent of $8.6m each day during his stay The Star has launched legal action…

States Spending the Most and Least on Gambling – 24/7 Wall St.

GamblingBy Insolvency Advisory AccountantsMarch 28, 2019

Gambling is becoming legal in more states and in different ways as of late. With online betting and the rising popularity of fantasy sports and sports betting, there are more ways than ever to wager. Many people consider gambling ill-advised or even sinful. In some of the most religious states gambling is outlawed in some…

As Pa. prisons ban tobacco, new informal currencies arise – CorrectionsOne

GamblingBy Insolvency Advisory AccountantsMarch 27, 2019

Samantha MelamedThe Philadelphia Inquirer Freddie Nole gave up smoking in 1979, after a bout of pneumonia put him in the hospital. But for the next 40 years, he always kept a pack of cigarettes or a pouch of Kite tobacco in his cell just in case. Youd hold on to Kite, if you could afford…

Father sells his daughter to pay off gambling debts – Metro.co.uk

GamblingBy Insolvency Advisory AccountantsMarch 21, 2019

A father has been arrested for selling his toddler daughter in order to settle a 6,800 gambling debt. The man, known only by his surname of Jiang, is accused of selling the girl, aged one, after becoming addicted to online gambling. Jiang told his wife that the girl would be staying with her grandmother. The…

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