Casino sues after high-roller’s $43m cheque bounces
A Queensland casino is chasing a Singaporean high-rolling gambler after his $43 million cheque allegedly bounced.
The Star Gold Coast in Broadbeach Island is suing Singaporean gambling baron Yew Choy Wong, 56, in the Supreme Court in Brisbane claiming that a blank cheque he gave to settle his debts he racked up playing baccarat between July 26 and August 2, 2018 had bounced on September 27, 2018.
The Star alleges in its claim that Dr Wong owes the casino $43,209,853 because he is in breach of the cheque cashing facility agreement.
The casino alleges Dr Wong was given access to a $40 million cheque cashing facility on July 26, the day he arrived at the casino on a junket run by promoter Kheng How Chan.
He lost most of that money gambling, then two days later the casino agreed to increase the facility limit by $10 million to $50 million.
He also lost most of this money, so that when Dr Wong finished gambling on August 2 the casino alleged he owed $43 million under his cheque cashing facility agreement, the claim states.
The casino says it used a blank cheque Dr Wong had given to its sister casino in Sydney a year earlier to pay the debt, arguing Dr Wong had given the Gold Coast casino permission to use the Sydney cheque.
But when casino staff presented the cheque to the National Australia Bank in the Gold Coast suburb of Bundall, it bounced.
Dr Wong, who made his fortune in online gambling in the Philippines and the Isle of Man, is alleged to have failed to reply to letters demanding repayment of the gambling debt, and has failed to pay a cent.
Dr Wong's Brisbane lawyer Stephen Russell says in documents filed in court that The Star tried to recoup the money in a Singapore court but the case was thrown out on July 7.
Dr Wong argued in the Singaporean High Court that he did not owe $43 million and that he is not liable for any debt at all.
He argued that a senior Star executive, Paul Arbuckle, assured him at the time that his losses up to July 30, 2018 were written off due to alleged "mistakes" by casino dealers who turned his cards face up instead of allowing Dr Wong to turn over his own card. The Star denied these claims.
The Star Gold Coast had lured him to Queensland with a trip on The Star's private jet, and a gift of $200,000 in "lucky" money after he was wooed by glamorous VIP marketing executive, Teazel Yaw.
Dr Wong submitted to the Singaporean High Court that he was a "high valued and respected patron of casinos around the world" and he is regularly given rebates and incentives to lure him to various casinos.
The case is due to return to court later this year but no date has been set.
Originally published as Casino sues after high-roller's $43m cheque bounces