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Category Archives: Gambling

Samsung worker arrested for stealing $700000 of phones to pay off $800000 gambling debt – Neowin

GamblingBy Insolvency GuardianJune 7, 2017

A man has been arrested for stealing over 8,000 phones from Samsung over a period of two years. The stolen handsets were sold to a retailer for 800 million South Korean won or $711,743. The man, simply known as Lee, joined Samsung in 2010. He was able to smuggle the handsets out of the office…

Deep in debt, Resorts World gunman sold off properties – Inquirer.net

GamblingBy Insolvency GuardianJune 5, 2017

Jessie Javier Carlos MARIANNE BERMUDEZ BATANGAS CITYJessie Javier Carlos, the gunman in Fridays attack on Resorts World Manila, was so deep in debt and desperate for cash that he had to sell off anything of value he owned, including the assault rifle he used to shoot up walls and TV screens in the hotel-casino complex.…

Don King to have stretch of Cleveland street, where boxing promoter killed a man, named after him – New York Daily News

GamblingBy Insolvency GuardianJune 5, 2017

A Cleveland street where iconic boxing promoter Don King once killed a man 50 years ago is about to be renamed Don King Way. Only in America. The Cleveland City Council plans to rename an area of Cedar Avenue between East 36th Street and Stokes Boulevard after the bombastic boxing hall of…

Kate Seselja: From pokie addiction to leading a United Nations wellbeing conversation – The Canberra Times

GamblingBy Insolvency GuardianJune 5, 2017

Canberra mum Kate Seselja is happy for you to ask her anything about her former poker machine addiction. Anything. How could you take money from your own childrens’ mouths? Why didn’t you just stop? How much debt did you rack up? Why didn’t someone at the club report you? Play Video Don’t Play National Capital…

Jessie Carlos: 5 Fast Facts You Need to Know – Heavy.com

GamblingBy Insolvency GuardianJune 4, 2017

Jessie Carlos. (Twitter) The suspect in the Manila casino attack that left more than three dozen dead has been identified as Jessie Carlos, a gambling addict who was drowning in a mountain of debt. Carlos was named as the troubled, gambling indebted former government worker who strode into the Resorts World Manila and started shooting…

Gambling debt was motive behind Philippines casino attack, not terrorism, police say – CBC.ca

GamblingBy Insolvency GuardianJune 4, 2017

The man behind the casino attack in the Philippines that left dozens dead was a heavily indebted Filipino who was hooked on gambling, police say. Manila police Chief Oscar Albayalde said Sunday the family confirmed the man’s identity as Jesse Carlos, a former employee of the Finance Department. Albayalde said the man’s family said he was $80,000…

Why Singapore’s casinos can’t collect from the high rollers of China – Business Insider

GamblingBy Insolvency GuardianJune 3, 2017

Singapore casinos have more trouble getting gamblers to pay up than their Macau counterparts. Reuters Former Olympic gold medallist Kong Linghui is being sued in Hong Kong by the Marina Bay Sands resort in Singapore over his HK$2.55 million (US$329,000) gambling debt. Each year, millions of mainlanders head to Macau, a special administrative zone of…

Singapore Casinos Find Collecting Debts from High Rollers Difficult – Casino.Org News

GamblingBy Insolvency GuardianJune 3, 2017

Lending money to big time gamblers is easy for Singapore casinos, but collecting on those debts is time consuming and difficult. VIP clients who are in debt to casinos is increasing and becoming more of an issue. VIP casino clients, like China table tennis gold medalist, Kong Linghui, are not paying back gambling debts to Singapore…

Table Tennis: China replaces ‘ping-pong prince’ over MBS gambling debt – The Straits Times

GamblingBy Insolvency GuardianJune 1, 2017

Beijing (AFP) – China has replaced the head coach of its women’s table tennis team at the world championships in Germany following a gambling debt scandal that sparked a social media frenzy back home. Kong Linghui, nicknamed “ping-pong prince”, has been suspended after accusations he borrowed S$1 million in 2015 from a Singapore luxury hotel…

Recovering debts owed to Singapore casinos by mainland Chinese almost irrecoverable – The Independent

GamblingBy Insolvency GuardianJune 1, 2017

Singapores casinos have a problem with attracting revenue from mainland tourists, and face even more problems trying to recover their debts from Chinese gamblers, who simply have to flee back to China to evade payment. Channel NewsAsia reported recently that according to a Hong Kong court writ, Kong Linghui, one of Chinas best-known table tennis…

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