Process Against Singaporean Billionaire Advances in Australian Court

In 2018, Singaporean billionaire Dr. Wong Yew Choy lost a total of 43 million AUD (26.3 million Euros) in the Star Casino Gold Coast in Australia, received as a credit but never repaid. When leaving, he provided a blank check to settle his gambling debts, which bounced. Unable to recover the loaned amount, the casino took legal action in Singapore in 2020, but Wong was acquitted as overseas gambling debts cannot be collected in Singapore.

Legal Battles Continue

Following an unsuccessful appeal to prevent further lawsuits in Australia, Wong faces a new trial. The exact date is yet to be announced.

Financial Struggles for Star Casino

The Star Casino, including the Gold Coast venue, faces financial instability, leading to a suspension from the Australian Stock Exchange. Reports suggest the casino may need government assistance to remain operational, despite opening a new casino complex in Brisbane in late August 2024.

Dispute Origins and Events

During a Highroller Baccarat event in 2018, Dr. Wong Yew Choy received a substantial credit from the Star Casino Gold Coast and lost it within three days. Disputes arose over alleged dealer errors benefiting the casino. Wong refused further responsibility for losses due to perceived unfairness. The outcome of the casino’s lawsuit remains uncertain.