Earlier on Monday, April 1st, a Singapore-based high roller flew out of the US and canceled a blank cheque which was issued to The Star Gold Coast, leaving the casino bosses chasing a $43 million debt.
As per reports, Wong Yew Choy jetted into the Gold Coast back in July 2018 and played baccarat at the recently revamped casino at Broadbeach for reportedly five days.
According to sources closely following the matter a cheque that would cover any potential losses during his stay was handed over to the casino bosses by Mr. Wong.
However, given that the gambler lost the equivalent of $8.6 million for each day he spent on the Gold Coast, those losses racked up pretty quickly.
Following which, earlier in the week The Star launched legal action in the Singapore High Court.
Speaking about the legal action, a spokesperson for the Star Casino said, “We are pursuing the debt vigorously, we are disappointed that the situation involving Wong Yew Choy has forced us to raise the issue to the Singapore High Court.”
According to Mr. Wong, he has reportedly made an argument in which he stated that the casino staff made “errors”, like, in one instance a dealer exposed the gambler’s cards when he wanted to reveal them himself.
As per reports, following a complaint made by Mr. Wong regarding a series of “errors”, a letter was sent to him by Star.
In the letter, the firm issued an apology for not following Mr. Wong’s gaming preferences.
A statement from the letter reads as follows: “This mistake and the others you have experienced during your visit have had no direct financial impact to you as, at the time, necessary and appropriate compensation was provided.”
However, quite notably, there was no mention of waiving Mr. Wong’s $43 million debt in the letter.
The Star Gold Coast then further stated that it will eventually recoup the debt from the high roller.
According to the spokesperson for The Star Gold Coast, “Until and unless we felt our position was extremely robust, we would not bother wasting the court’s time.”