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Macau-based MGM China,which operates MGM Cotai and MGM Macau, has confirmed that actor Jacky Heung has fully paid back a gambling debt that has taken over Hong Kong media in the last days.
Jacky is the eldest son of popular former actor, turned film producer and TV personality, who founded Win’s Entertainment and China Star Entertainment Group, Charles Heung Wah-keung.
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Following numerous media reports claiming that its subsidiary, MGM Grand Paradise, had filed a lawsuit against the 40-year-old actor, the company issued an official statement.
According to court filings, Heung was sued for at least HK$1.4 million (US$178,000) representing gambling debts that…
Hong Kong actor Jacky Heung (pic) was sued by Macau casino operator MGM China for an outstanding gambling debt of HK$1.4mil, according to a court document filed earlier this month.
The casino giant has since confirmed the debt has been fully settled and all legal proceedings have been terminated, reported South China Morning Post.
According to court document, Heung borrowed HK$2mil from MGM Grand Paradise, a subsidiary of MGM China, on Dec 1, 2024, which was then converted into betting chips. It also stated that the 40-year-old, who is the son of Hong Kong actor Charles Heung, had only repaid some of the money and owed the casino HK$1.4mil.
Millennials face increasing debt from student loans and housing, yet a new report shows more are seeking financial help to overcome burdens and stigma.
COLUMBUS, Ohio — When it comes to paying off debt, the race to the finish line is often more marathon than sprint.
No one knows that more than Jannette Adewunmi.
She’s on year three of a four year plan to get rid of almost $30,000 of debt.
“I had done like a home renovation that I had put a ton on a credit card for, and then I had like one that wasn’t a credit card debt but it was a line of credit associated with a home renovation as well,” she…
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YT Industries announced that the company is entering into a “self-administrated legal restructure” after struggling to secure additional funding. The direct-to-consumer German mountain bike brand was founded by Markus Flossman in 2008 with a focus on providing hard-hitting, quality mountain bikes at affordable prices, for young riders in particular. Flossman provided an update on the company’s situation in a video posted to YouTube earlier today.
Filing for insolvency “allows us to restructure our finances, attract new investors, and ultimately set up the brand for long-term success,” he said.
YT’s post-COVID struggles were compounded by more recent problems
President Donald Trump recently passed the so-called “Big Beautiful Bill” with the help of the House and Senate. Some high-earners discussed how the bill will affect their children due to the rising government debt.
Increases in the government debt have become a common trend across party lines. The debt ceiling is regularly raised, and that can create challenges for future generations. However, the high earners didn’t debate whether the bill was justified or not. Instead, they focused on adjusting their plans for rising debt.
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“This is NOT a political statement,” the original poster stated.
These are some of the ways you can navigate a rising federal debt.
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There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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If you’re eligible, it could be wiped out. And you won’t even know about it until after it’s done.
It’s all part of a year-old program where Gov. Katie Hobbs set aside $10 million in COVID funds to Undue Medical Debt, which leverages donations like that from governments and private donors to buy up unpaid debt from collection agencies and hospitals.
So far, according to the governor’s office, the charity, having already used or been allocated $2 million of that, has erased $429 million in medical bills owed by about 352,000 state residents. Overall, estimates are that by the time the state’s money runs out, it could wipe out $2 billion of medical debt for…
More Americans are exploring debt consolidation to manage high-interest credit card debts, but risks remain.
SACRAMENTO, Calif. — A growing number of Americans are asking about debt consolidation as a potential solution for managing credit card and loan payments.
The process involves combining multiple debts into a single monthly payment — something financial experts say can work in the right circumstances, but not without risks.
Sacramento-based financial coach Maureen Paley says debt consolidation can make sense for people who have high-interest credit card debt spread across several accounts.
