Emergency access to superannuation during the COVID-19 shock has triggered a spending spree for some Australians, who are splashing cash on gambling, alcohol and takeaway food rather than essential household items. Key points: The average person who withdrew super spent $3,000 more in a fortnight than they normally would Around 14pc of that spending went…
An exclusive London casino claims that a Gulf sheikh reneged on a 2 million gambling debt by sending it 17 cheques that bounced during a spree last year. The dispute was revealed in the High Court in London when a judge lifted a freezing order on the assets of Sheikh Salah Hamdan Albluewi, the chairman…
Analysis by credit bureau illion and consultancy AlphaBeta, part of Accenture, shows those using their super spent almost $3000 more than normal in the fortnight after receiving the lump sum. Loading Their analysis, based on the bank transactions of 13,000 people who have withdrawn superannuation since the coronavirus outbreak, showed 40 per cent of them…
Analysis by credit bureau illion and consultancy AlphaBeta, part of Accenture, shows those using their super spent almost $3000 more than normal in the fortnight after receiving the lump sum. Loading Their analysis, based on the bank transactions of 13,000 people who have withdrawn superannuation since the coronavirus outbreak, showed 40 per cent of them…
A Saudi Sheikh is reportedly involved in a feud over a 2 million outstanding debt to the iconic Les Ambassadeurs Club. Sheikh Al Balawi Has a 2 Million Debt to Iconic Mayfair Casino Sheikh Salah Hamdan Al Balawi is allegedly involved in a gambling debt with a private London casino. The sheiks assets are estimated…
A multimillionaire Saudi businessman has remained clenched in a lengthy dispute with a Mayfair casino over an alleged gambling debt amounting to 2 million. Sheikh Salah Hamdan Al Balawi, who is known for having assets exceeding 100 million, has been charged with a failure to settle a debt with the Les Ambassadeurs Club. The global…
Saudi Sheikh who owns 45m London mansion is locked in fight with Mayfair casino over ‘2 million gambling debt’ Sheikh Salah Hamdan Al Balawi is accused of failing to settle his debt with theLes Ambassadeurs Club which featured in the Bond film Dr. No The Sheikh’s global assets were frozen in February but on Friday…
Londons Les Ambassadeurs Club casino is squaring off in court against yet another rich Saudi who doesnt want to pay their gambling marker. Last Friday, a High Court ruling lifted a freezing order placed on the UK assets of Sheikh Salah Hamdan Al Balawi, who runs technology and communication consortium SAB Ventures. The ruling had…
Stanley Ho, a onetime kerosene trader who built a casino empire in Macau that propelled the Chinese island past Las Vegas as the world’s biggest gambling hub, has died at age 98, members of his family said. Known as the King of Gambling, Ho dominated gaming in the former Portuguese colony after winning a monopoly…
34-year-old Sittichok Muangma was arrested on Tuesday for the armed robbery heist on Monday morning outside the Bangkok Bank branch in Chiang Saen when he snatched 1.05 million from an agricultural co-op employee. Mr Sittichok told police he committed the crime to pay gambling debts. Police on Tuesday confirmed that they had arrested the main…
