A Singapore High Court ruling has stopped Venetian Macau Ltd from enforcing a HK$19.35 million (US$2.5 million) gambling debt against a VIP customer whose assets are held in Singapore.
The September 4 decision involved Hu Yangning, a businesswoman who had been a VIP customer at Marina Bay Sands in Singapore. According to evidence considered by the court, a client manager at the Singapore resort introduced Hu to The Venetian Macao in 2011. She continued visiting the Macau property until 2024.
Hu entered into a credit arrangement with Venetian Macau in November 2023 that allowed her to access up to HK$15 million (US$1.9 million) for gambling. She also signed a promissory note and authorization documents connected with the…