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  1. Macau ferry operator's debts could exceed HK$10m

    Posted Sep 16th 2011, 12:00am

    ... or coupons should seek refunds directly through the site. They estimated that the ferry company probably owed more than HK$10 million to trade creditors, and its total debts would likely exceed total ...

  2. Wynn wins court battle with gambler over HK$30m debt

    Posted Feb 13th 2010, 12:00am by Staff Reporter

    ... Staff Reporter Wynn Resorts (Macau) has won its High Court action against high roller Henry Mong Hengli over a HK$30 million gambling debt. In giving judgment, Madame Justice Carlye Chu ... to be the first casino operator to attempt to recoup debts through the courts in either Macau or Hong Kong. Analysts and industry executives have said the implications of the outcome of the case could ...

  3. Policeman turned triad done in for 20-year debt

    Posted Nov 16th 2008, 12:00am by Fox Yi Hu

    ... former Hong Kong policeman. A 2 million yuan (HK$2.27 million) debt reportedly came back to haunt Lai in September- two decades after he lost the money in an underground casino in Shenzhen. It is unclear why his creditor, who ran the underground casino, began to chase the 20-year-old debt this year. Lai reportedly insisted the house had cheated him. Apple Daily reported that he lost ...

  4. Melco raises $1.2b to cut debt and fund growth

    Posted May 31st 2006, 12:00am by Sandy Li

    ... Sandy Li and Fiona Lau Melco International Development raised $1.21 billion through a share placement yesterday for debt repayment and further investment in Macau's gaming market, according to sources. The company placed 63.6 million new shares at $19.10 each, near the bottom of the marketing range of between $19 and $19.30. The placing price represented a discount of 5.91 ...

  5. Model's boyfriend tells coroner of loanshark debts

    Posted Mar 02nd 2006, 12:00am by Staff Reporter

    ... and she was twice detained by the loansharks over gambling debts. On one occasion, he returned to Hong Kong alone and raised about $18,000 to buy her freedom. On another occasion he had paid about $8,000 of her debts. He said Pang had once lost $20,000 at the Lisboa Casino. Mr Sit told the court earlier that he began an intimate relationship with Pang in 1993. They separated in 1995 after ...

  6. Loan sharks lure gambler to Macau with honey trap

    Posted Oct 01st 2011, 12:00am

    ... Clifford Lo clifford.lo@scmp.com A casino loan-shark gang used a 'honey trap' racket to lure a Hong Kong man to Macau where he racked up gambling debts of HK$180,000 in a day, ... and contacts. He called the police after he was unable to settle the debt and received threats from debt-collectors. Police said the honey trap scam was rare in the city. Police said the victim was one ...

  7. News - Hong Kong

    Rimsky Yuen to 'follow up' on extradition deal with Macau

    Posted Jan 08th 2013, 12:00am by Simpson Cheung

    ... signed yesterday deals with civil and business cases. Under the agreement, when a decision in one place is not sufficient for full satisfaction of a debt, the person concerned can ask the court of the other place to execute an arbitral decision on debts that have not been met. ...

  8. Lantau debtor jumps from 40th floor

    Posted Nov 14th 2007, 12:00am by Clifford Lo

    ... Clifford Lo A man apparently with large gambling debts leapt 40 storeys to his death yesterday in front of his wife in Tung Chung, Lantau. Police said the man, 35 and surnamed Wong, had worked in construction in Macau for six months. He reportedly called police at 12.20pm from his home at Chi Yat House, Yat Tung Estate, during an argument with two alleged debt collectors. While ...

  9. Casino sues gambler for millions

    Posted Dec 21st 2011, 12:00am

    ... of a three-year-old, HK$10 million debt. MGM Grand Paradise, the Macau gaming licensee controlled by Las Vegas casino firm MGM Resorts International and Pansy Ho Chiu-king, daughter of Stanley Ho Hung-sun, ... Macau casino operators seeking to recoup unpaid gambling debts have turned to the Hong Kong courts with increasing frequency since Wynn Resorts (Macau) last year won a landmark case against ...

  10. Sands China joins payout club with HK$4.67 billion maiden dividend

    Posted Feb 01st 2012, 12:00am

    ... from their casinos, and this has enabled them to pay down most of their debts over the past few years,' Goldman Sachs analysts Simon Cheung and Janet Lu wrote this week in a research note. ... exceed debts by year end (see chart). Sands China, whose debt is still expected to exceed cash by US$1.9 billion at the end of this year, according to Goldman, said its board of directors ...




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