Wynn Macau Wins $4.2 Million Judgement Against Punter

Recently a Malaysian court ruled that a gambler that took out $5.1 million in credit from the Wynn Macau owes the casino the $4.2 million following a legal challenge.

Paul Poh Yang Hong, a fund manager from Malaysia took out a credit line from the casino when he was visiting the resort located just off the shore from Hong Kong. The debtor alleged that the credit line was a wagering contract, which is not enforceable in Malaysia, but Wynn lawyers contended that the loan was indeed a credit line.

Judge S. Nantha Balan heard the argument, during which Hong said that he never was aware that he entered a credit agreement with Wynn. The judge didn't buy it, and ruled that he owes the casino $4.2 million plus interest. It's the first time in Malaysia's history that a casino has been able to chase down a debt in court, as gambling itself is largely prohibited in the country.

Speaking about the case Wynn legal counsel Vincent Law said, "If there is no appeal, I believe this judgment today will be the law in Malaysia for the foreseeable future… It is a good sign for the whole gaming industry."

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krcoolsongss
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23 January 2019 - 6:10pm
#1

Huh, I didn't know that some casinos give a loan to players, who probably are a VIP players.

I went to Wynn Macau a few times before, the facility was very nice and cozy.
But, the minimum bets in most tables were too high to play for me.

sharpe

bgsharpe
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29 January 2019 - 7:17pm
#2

Well, for once I'm on the house's side.

I in fact though the guy has won that trial when he's about to pay just $4.2 from the $5.1 he borrowed but obviously he decided he could got away with this as it's probably an existing practice out there..not this time apparently..

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