A Hong Kong court has dismissed a lawsuit brought by a former Crown Resorts marketing executive who sought interest payments linked to a AU$60 million gambling debt accumulated by Chinese businessman Huang Youlong during a 2015 visit to Crown Perth.
The High Court of Hong Kong ruled that the debt arrangement was between Huang and Macau-based junket operator Suncity Group, rather than between Huang and former Crown vice president of marketing Chua Eh Fong, who had attempted to claim overdue interest at an annual rate of 24%.
Court Finds Suncity Held the Credit Agreement
The judgment revealed details of a high-value junket transaction that took place during the peak period of VIP casino tourism. Huang, a Singaporean…