The ruling allows Melco to pursue repayment in Taiwan for credit extended at its Macau casino, despite the defendant’s legal objections.
Taiwan.- The Taiwan High Court has upheld a lower-court ruling ordering a Taiwanese high roller to repay casino operator Melco Resorts & Entertainment Ltd roughly HKD320.47m (US$40.7m), plus ongoing default interest, for a gaming debt incurred in Macau.
The man, identified only by the surname Ku, was a top-tier “VVIP” customer of Melco Resorts. According to court findings reported in Taiwanese media, he received non-negotiable chips worth HKD300 (US$38m), his approved credit limit, at a Melco property on May 17 2020 and lost the entire amount. After deducting commissions and…