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Casino sues HK punter for $5.4m

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A Las Vegas casino has filed a High Court writ claiming US$700,040 (HK$5.46 million) in debts it alleges it is owed by a Hong Kong businessman.

The Venetian Casino Resort, run by Las Vegas Sands, wants Chu Nin-yiu - who it says also uses the name Stephen Chu Nin-yiu - to repay the alleged debts, along with interest and costs.

The writ says that on June 26 last year, the casino advanced US$1 million in credit to Mr Chu, who it says repaid US$299,960, but failed to pay the balance by the due date of October 24.

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Mr Chu works for STD Holdings, which distributes and trades in computer accessories.

He is also understood to be a horse owner.

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It is the second time this year that the Venetian Casino Resort has sued a Hong Kong punter for alleged debts.

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