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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

Taiwan court orders man to pay Macau casino HK$75m debt


Posted: 1/26/2012 4:47:47 PM
Rating:     0% ( votes)
  

A Taipei court ruled in favour of a Macau casino for a man to repay his gambling debt.

Three years ago, the man came to Macau to gamble and signed a promissory note of HK$75 million (US$9.7 million) in exchange for chips needed to gamble.

The report in the China Post does not name the casino in question.

The man reportedly lost all the money and returned to Taiwan without paying his debt, and the casino operator went to the island nation where it asked that the courts seize the man’s luxury mansion.

In Taiwan, the man had already transferred the title of his house to his wife, however the court decided that the title transfer should be revoked.



Other Macau Latest News

TransAct appoints new sales manager for Asia

Rashid Suliman will be responsible for the sales of the company’s products in Macau

Venetian hosts Ice World

The exhibit will last until September 16

Melco Crown to participate in Dragon Boat races

Around 50 Melco Crown employees have joined forces to form two teams

Bank tellers with two-digit salary growth

Wage increases outpace the inflation rate
Headlines

Final review on rules for smoking areas inside casinos

Casinos will have to divide their floor into smoking and non-smoking areas starting next year

Homes more expensive

The average transaction price of all residential units sold in the first three months of 2012 reaches a new all-time high

Sands China renews Edward Tracy’s contract

The company’s president and CEO has had his contract extended until August next year

Studio City to receive casino approval “soon”: report

Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports

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