Insolvency Guardian Media Centre
A gambling debt linked to Hong Kong actor Jacky Heung has been fully settled, Macau casino operator MGM China has said, saying legal proceedings have been terminated.
The casino company made the statement on Wednesday, a day after the media reported that its subsidiary, MGM Grand Paradise, had issued a writ against Heung.
The actor was sued for at least HK$1.4 million (HK$178,000) in gambling debts, according to the court document.
“The matter involving Mr. Jacky Heung Cho arose from a credit guarantee he provided for a third party. Due to overdue payments not being made, MGM China subsequently initiated standard legal procedures to address the related matters,” MGM China said.
“Recently, all payments have been fully settled and the…
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Dr. Phil launching new media network of ‘citizen journalists’ after his first one goes bankrupt MSN
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Controversial Ballymena businessman (34) travelled to island ‘on advice of AI’ and now claims to have found true self
Darren Campbell
A controversial businessman who racked up more than £450,000 debts before his company was liquidated earlier this year has hinted at a comeback.
Darren Campbell indicated he would be returning thanks to the advice of AI, which suggested he went to Bali.
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Australian fast food chain Mr Potato has collapsed, with its management arm now in the hands of liquidators.
David Mansfield and Philip Robinson from Deloitte took control on Friday following wind-up action against Mr Potato Management.
The court proceedings were brought by the ATO over a $151,000 debt, the Courier Mail reported.
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Former Miss Universe entrant Jess Davis launched the potato-themed business with her husband, former Adelaide 36ers basketballer Tyson Hoffman, aka Tyson Finau, in Adelaide in 2018.
It was sold as an eatery offering fast and healthy meal options for people on the run.
But struggling chain franchisees have said they had been forced to sell their home and faced…
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The National Company Law Appellate Tribunal, Delhi held that when the Bankruptcy Trustee does not fulfil its statutory obligation under Section 138(1)(a) of the Insolvency and Bankruptcy Code, 2016, which requires the Trustee to apply for a discharge order after expiry of one year from the bankruptcy commencement date, the Bankrupt who is directly affected by continuance of the bankruptcy proceedings, can’t be denied the right to approach the Adjudicating Authority and seek discharge.
Justice Ashok Bhushan (Chairperson), Barun Mitra ( Technical Member) & Arun Baroka (Technical Member): “The Bankrupt, who is directly affected by continuance of the bankruptcy proceedings in a case where Bankruptcy Trustee does not perform…
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Solar Group collapse: Kiwibank owed almost $2m, IR almost $1m thepost.co.nz
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Originally appeared on E! Online
Bruno Mars isn’t above trolling himself online.
After the “Die With a Smile” singer made a surprise appearance onstage during Blackpink’s Deadline World Tour show in Los Angeles on July 13, where he joined group member Rosé to perform their duet “Apt.,” he posted about the moment on social media with a playful callback to a wild internet rumor about his finances.
“Almost out of debt BehhhhhBehhhhh!!!” he wrote in a post on Instagram July 14 alongside video from the performance. “Preciate You ROSAAAAYYYYYY!!!!”
The caption appears to be a reference to a report which originally circulated in March 2024, alleging that the 39-year-old had accrued a whopping $50…
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Last March, rumors began circulating that Bruno Mars had racked up $50 million in gambling debt with MGM Resorts, with an insider claiming that the hotel chain “basically owns him.” MGM quickly released a statement denying the rumors, stating in no uncertain terms that “he has no debt with MGM.”
Still, the rumors persist, mostly as a joke these days; media outlets practically wink and nod every time Mars extends his long-running Vegas residency at MGM, as if some bookie was about to kneecap Mars if he didn’t perform. It couldn’t possibly be of his own free will, right?! Mars himself is in on the joke, telling the Las Vegas Review-Journal last year, “I love the lore that I am a Las Vegas lounge singer in debt to the…
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Bruno Mars breaks silence on 50 million dollars gambling debt to MGM: ‘Almost out of debt’ MSN
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COMPANY ANNOUNCEMENT
27 JUNE 2025
AUSTAL REFINANCES DEBT FACILITIES TO SUPPORT FUTURE GROWTH
Austal Limited (Austal) (ASX: ASB) has completed the final funding piece of its $1.2 billion capital expansion program in the United States, securing $488 million in credit facilities from a group of Tier 1 financial institutions, including Australian and international banks and Export Finance Australia (EFA).
Austal continues to invest in its shipbuilding and submarine capabilities with two major expansion projects currently underway in the USA, the Final Assembly 2 (FA2) project and the submarine Module Manufacturing Facility 3 (MMF3) project.
The new debt facilities will be used alongside Austal’s $220 million capital raise in April…
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Bruno Mars is once again leaning into the speculation surrounding his rumored casino debts, this time with a playful shout during a live show moment that lit up the Gram.
The chart-topping superstar made a surprise appearance at Rosé’s Los Angeles concert and decided to add a dose of humor to the mix. Sharing a clip from the night on his socials, Mars declared, “Almost out of debt BehhhhhBehhhhh!!!” followed by another energetic outburst, “Preciate You ROSAAAAYYYYYY!!!!” giving props to his backup singer.
This moment arrives amid ongoing chatter about Mars’ alleged gambling history. According to a report from earlier this year, an anonymous source claimed, “[MGM] basically own him. He makes $90 million a year…