Related Articles GamCare has urged its treatment support and wider stakeholders to raise further awareness of gambling-related financial harm (GRFH) as the UK enters its autumn months as COVID-19 restrictions are enforced across the country. Year-on-year, GamCare reports that around 70% of callers to its National Gambling Helplinewill reference a level of gambling debt or…
DetailsT he Star Casino is suing a Singaporean high roller over an AUD 43 million (USD 30.87 million) debt he allegedly got into in seven days in one of the world’s biggest-ever gambling debt recovery cases. Wong Yew Choy is being sued by Star Gold Coast in Queensland after allegedly failing to settle his dues…
DetailsLAW firm Hogan Lovells on Tuesday announced that Nick Williams will be joining as a partner in its business restructuring practice, to be based in its Singapore office. The firm described him as a leading figure in Singapore’s cross-border restructuring and insolvency market. He has represented banks, financial institutions, hedge funds, private equity investors, insolvency…
DetailsA prominent Adelaide hotels syndicate that did secret deals with major breweries over access to an Adelaide pub’s beer taps has fallen into liquidation. Key points: The Bloody Mary Group ran a series of licensed venues across SA Its directors were previously ordered to pay $383,000 in damages Liquidators say the group has little assets…
DetailsWe want to continue providing relief to borrowers facing cash-flow challenges while encouraging them to resume loan repayments to the extent they are able to, so that they do not accumulate too much debt, MAS managing director Ravi Menon said in the statement. SINGAPORE: Singapore banks will extend debt relief for individuals and small-to-midsized businesses…
DetailsVideo PlayerClose WASHINGTON, Oct. 5 (Xinhua) — The Executive Board of the International Monetary Fund (IMF) has approved a second six-month tranche of debt service relief for 28 low-income countries amid the COVID-19 pandemic. “Relief on debt service will free up scarce financial resources for vital emergency medical and other relief efforts while these members…
DetailsSTA Travel has been using New Zealand customers’ deposits for overseas holidays to cover company wages and office rent. Photo: File / Getty Images Additional funding may be required to try and recover creditor claims in the liquidation of budget travel agent STA Travel, which shut down owing more than $11 million. Liquidators from Deloitte,…
DetailsGreek community group, The Order of the Australian Hellenic Educational Progressive Association (AHEPA) NSW Inc has gone into voluntary administration owing approximately $3 million to creditors. Michael Hird and Alan Walker of Cor Cordis have been appointed as administrators. The amount owed relates primarily to legal fees and also for consulting fees connected to a…
DetailsThanakorn Komkris, secretary of the Stop Gambling Foundation (SGF). Photo: Thai Health Promotion Foundation Tik Kanitsarin — a well-known TV personality and participant of Big Brother in 2006 — accumulated great debts after stepping into the world of online gambling, a habit that has turned her life upside down. Tik became addicted to baccarat, a…
DetailsBorrowers in mortgage arrears to gain vital court protection Published 5 October 2020 Helen McEntee Borrowers falling into home mortgage arrears due to an unforeseeable loss of income will gain vital court protection under new legislation announced today. Justice Minister Helen McEntee has secured government approval for priority drafting of the short but urgent Personal…
Details