Singapore court says public policy behind 2019 ruling against Australia’s Star Entertainment Group in AU$43 million gambling debt – Inside Asian Gaming

Singapores International Commercial Court has revealed that its 2019 ruling against Australias Star Entertainment Group in its quest to recoup AU$43.2 million (US$30 million) from a Singaporean businessman who refused to repay his gambling debts was due to public policy aimed at protecting Singapores interests. The case, described as the largest casino debt case ever…

Singapore Court Rejects The Star’s Bid to Recover A$43.2 Million from High Roller – Casino News Daily

An Australian casino operators bid to reclaim gambling money from a high roller hit a brick wall in a Singaporean court, the Strait Times reports. The Star Entertainment QLD, a subsidiary of Australian casino operator The Star Entertainment Group, sued Dr. Wong Yew Choy in the Singapore International Commercial Court, seeking a court order to…

COVID-19 lockdowns inspire Australians to wipe off record levels of credit card debt in May – The New Daily

Australians paid off their credit card debt in record numbers in May, according to Reserve Bank data. But analysts say the debt repayments have come at the expense of superannuation, with the tax office having approved roughly $25 billion of early withdrawal claims from 2.4 million people. New figures released by the Reserve Bank of…