Gold Coast’s The Star casino doubles down in bid to indict billionaire Asian high roller accused of incurring $ 43 million gambling debt before flying home and refuses to pay a penny
- Asian billionaire Dr. Wong Yew Choy owed $ 43 million to The Star Gold Coast
- Notable gambler opened a $ 40 million account and lost it all playing baccarat
- Back in Singapore, VIP stopped payment on a check signed to cover his losses
- Star Entertainment Group gets green light from QLD Supreme Court to sue
The Star casino claims that billionaire Dr. Wong Yew Choy owes them $ 43 million
Gold Coast’s Star Casino has been given the green light to launch VIP high roller Dr. Wong Yew Choy to sue the Asian billionaire’s $ 43 million gambling debt.
The Star Entertainment Group has doubled its bid to sue an Asian billionaire who incurred a gambling debt of $ 43 million at its Gold Coast casino.
VIP high roller Dr. Wong Yew Choy is said to have dishonored a blank check after a five-day lost streak of baccarat at The Star Gold Coast.
After losing an international offer to Dr. Wong for debt in Singapore, Star Casino has been allowed to prosecute the billionaire in the Queensland Supreme Court.
The well-known Asian gambler was lured to the Gold Coast casino in July 2018 as part of a marketing junk.
The gambling tycoon opened his account with a $ 40 million check to buy game chips before going to the baccarat table.
Within three days, the billionaire lost the entire $ 40 million, documents filed in the Queensland Supreme Court reveal.
Undeterred by the massive loss, the billionaire threw out another $ 10 million in chips.
After seven days at the tables, Dr. Wong The Star casino with debt of $ 43,209,853.34 – including a room tab of over $ 420,000.
Gold Coast’s Star Casino has doubled its bid to indict billionaire Dr Choy after getting green light from Queensland Supreme Court
After returning to Singapore, Dr. Wong stopped payment on a blank check he signed to cover his losses during the stay.
In 2019, the Singapore court dismissed The Star’s lawsuit against Wong in an attempt to recover his gambling debts.
The court cited the Singapore Civil Law Act prohibiting the government from assisting foreign companies in collecting debts related to foreign gambling.
“ (The) claims against me are therefore frivolous, vexatious or otherwise an abuse of legal process, ” claimed Dr. Wong.
After seven days at the tables, Dr Wong left The Star casino with over $ 43 million in debt, including a room tab of over $ 420,000
International Judge Jeremy Cooke was in favor of Dr. Wong and ordered the claim to be dropped and the VIP high roller to be paid $ 20,000 plus fees.
However, Star Entertainment has refused to fold and has filed its legal battle before the Queensland Supreme Court to recover $ 43,209,853.22 plus interest and fees.
Dr. Wong filed a conditional notice of intention to defend, challenging the jurisdiction of the court, citing the proceedings as an abuse of process.
However, on Wednesday, Judge Thomas Bradley rejected Dr. Wong’s request to dismiss or quash The Star’s legal action.
After losing an international bid to sue Dr Wong for debt in Singapore, Star Casino (pictured) has been granted permission to prosecute the billionaire in the Queensland Supreme Court.
“Star has filed a relatively straightforward claim, including under the Checks Act,” Judge Bradley said.
“I am not convinced that continuing the proceedings will result in Dr. Wong incurring serious and unfair burden, prejudice or harm, or causing him serious and unjustified trouble or harassment in his defense.”
If it were dismissed or adjourned, Star would be prevented from pursuing his claim against Dr. Wong is judged on his merits.
“That would be unjust.”
Both parties have been ordered to submit written comments on the charges, and the matter is expected to be addressed this year.