A casino operating on Saipan is suing a VIP gambler because he has not honored a $5 million credit marker he used to gamble with at its only casino.
Imperial Pacific International, the gaming company that runs the casino, is suing Yonglun Bao, a Chinese businessman who has been known to gamble millions of dollars at a time. Originally, Bao was given a $20 million credit line when he visited the temporary casino on the Western Pacific island.
The casino became permanent in February 2017. This offering of such a large amount of money is not uncommon for high rollers in China. However, it is unusual for a casino to offer such a large amount without a different financial institution acting as a middleman. The institution is then able to go aft…
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