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Daily Archives: April 2, 2021

The high roller, Qld casino and the $43m ‘bounced’ cheque – Queensland Times

GamblingBy Insolvency GuardianApril 2, 2021

A Singaporean high rolling gambler who has been sued by a Queensland casino after his $43 million cheque allegedly bounced has failed in his bid to have the case thrown out of court or put on hold. Singaporean gambling baron Yew Choy Wong, 57, applied to Brisbane Supreme Court last year to have a lawsuit…

The Star chasing Asian billionaire who left Australia after blowing $43MILLION on the Gold Coast – Daily Mail

GamblingBy Insolvency GuardianApril 2, 2021

The Star casino is chasing Asian billionaire gambling whale who left Australia after blowing $40MILLION in just three days on the Gold Coast – and STILL hasn’t paid up An Asian billionaire is being sued by Star Gold Coast after failing to pay his debts Well-known gambler opened $40million account and lost it all playing…

Star doubles down on Asian VIP’s $43m debt – Yahoo News Australia

GamblingBy Insolvency GuardianApril 2, 2021

The Star Entertainment Group has doubled down on its bid to sue an Asian billionaire who racked up a $43 million gambling debt at its Gold Coast casino. VIP high roller Dr Wong Yew Choy allegedly dishonoured a blank cheque after a five-day losing streak playing baccarat at The Star Gold Coast. After losing an…

Corporate bankruptcy, insolvency cases may swell. Is Centre ready to tackle them? – The Federal

BankruptcyBy Insolvency GuardianApril 2, 2021

A year back, the government had placed a moratorium on companies filing appeals because of the pandemic and resultant increase in corporate distress. But this moratorium has ended just last week. And experts now predict a flood of such cases coming before the tribunal. Pic: Pixabay The investigation and resolution of corporate disputes as well…

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