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Homes for debts

Two junket promoters are pursuing debtors in the Court of First Instance for monies owed, calling in a housing unit and a commercial unit put up as collateral, according to court announcements. Junket group Tak Chun is seeking the sale of a MOP2.53 million apartment in Macau, while junket promoter Kam Kuok is pursuing the […]

Two junket promoters are pursuing debtors in the Court of First Instance for monies owed, calling in a housing unit and a commercial unit put up as collateral, according to court announcements. Junket group Tak Chun is seeking the sale of a MOP2.53 million apartment in Macau, while junket promoter Kam Kuok is pursuing the sale of half of a commercial unit, valued at MOP584,000.
Additionally in court, The Venetian Macao (pictured) is pursuing the repayment of debts amounting to MOP18.85 million, as well as legal fees, or relevant collateral, from a resident of Guangzhou.

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