A wealthy individual from Singapore has rejected claims of "lying" in court concerning a AU$40 million credit line at the Star Gold Coast in Queensland, Australia.
The casino is taking legal action against Dr. Yew Choy Wong for an AU$43 million (US$30 million) gambling debt, claiming he accrued it during a weeklong gambling binge six years prior.
According to the complaint, Wong reached the Gold Coast location in July 2018 aboard one of the casino's private jets to participate in a baccarat tournament. When he departed on August 2, he was $43 million in debt.
Empty Voucher
The Star alleges that Wong gained entry to a $40 million check-cashing service on the day of his arrival. According to the lawsuit, he permitted the casino to utilize a blank check he had provided to the sister casino, Star Sydney, a year prior to settle the debt upon his exit. The payment was unsuccessful.
Wong asserts that the credit agreement was empty when he signed it and refutes giving the casino permission to utilize the check for debt collection.
The defendant claims he chose to quit gambling on July 28 due to frustration with dealer errors, but VIP hosts convinced him to keep playing.
The high roller asserts that he explicitly stated he would not cover additional losses if the errors persisted, which they did, according to him.
Wong said on Wednesday that he directed his private banker to make sure the check would not clear since it was too old.
‘Unwarranted Suppression’
The Star first filed a lawsuit against Wong in Singapore but failed since the Civil Law Act of the country prevents the government from helping foreign firms trying to recover debts tied to foreign gambling.
Wong contended that the Singapore decision ought to prevail, asserting that Star's attempts to pursue him via the Australian court system amounted to “unjustified oppression.”
However, in April 2021, a judge in the Supreme Court of Queensland allowed the case to go forward, characterizing it as a "fairly simple" damages claim that ought to be assessed based on its merits.
Wong previously served as the director of Celton Manx, based in the Isle of Man, which operates SBOBET, the inaugural Asian sportsbook to sponsor a team in the English Premier League.
A representative for Celton Manx informed Casino.org that Wong stepped down from his role in March 2019 shortly after the firm learned of the disagreement.