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Showing posts from September, 2024

Como é possível dever HKD320 milhoes a um casino?

 set24 A Taiwan court has ordered a man to repay over HKD320 million (US$41 million) to Melco Resorts & Entertainment following his high-stakes gambling spree in 2019. The man, as Taiwanese media reported, is from the Shilin district in the Taipei city. He had initially secured a credit limit of HKD100 million from the casino operator, and had it raised to HKD300 million, SET News reported. The agreement he signed with Melco stipulated that overdue repayments would incur an interest rate three times the statutory rate of Macau – set at 9.75 per cent. After losing all his chips, the man, identified as Mr. Ku, had refused to settle his debt, prompting the gaming company to file a lawsuit in Taiwan. The casino operator claimed that Mr. Ku owed them HKD 320.46 million – equivalent to approximately TWD1.3 billion. Mr. Gu’s lawyer was reported to have defended that the non-transferable chips provided by the casino did not constitute cash and thus did not meet the legal criteria for a loa