Singaporean businessman churned through $60m while on gambling bender at Crown Casino Perth
A Singaporean businessman lost $60 million gambling at Crown Perth, leading to a decade-long legal battle over repayments.Summary
Singaporean investor Huang Youlong lost $60 million in a gambling spree at Crown Perth in 2015, despite owing debts elsewhere. He secured $40 million in chips through Crown's former marketing vice president Chua Eh Fong, losing it in 48 hours and requesting another $20 million. When Fong attempted to collect on cheques and a mansion deposit, Youlong failed to pay, triggering intervention by Suncity's shareholder Chau Cheok Wa. Youlong repaid the full $60 million to Suncity between 2016 and 2019. Fong later sued for interest, but Deputy High Court Judge Alan Kwong ruled she was not the principal creditor and ordered her to pay costs. Zhao Wei, Youlong's ex-wife, distanced herself from the legal battle in a 2023 statement.
(Source：7NEWS Australia)