Singaporean businessman churned through $60m while on gambling bender at Crown Casino Perth
Singapore businessman Huang Youlong gambled $60m at Crown Perth, leading to a decade-long legal dispute over debt repayment.Summary
Huang Youlong, a Singaporean investor and former husband of Chinese actress Zhao Wei, visited Crown Casino Perth in February 2015 despite owing significant gambling debts worldwide. Crown refused him chips, so he arranged a junket through former marketing VP Chua Eh Fong, who bought $40 million AUD in chips for him. He lost that amount in 48 hours and then requested an additional $20 million, which was also lost. He attempted to secure the debt with personal cheques and a property purchase, but the payments failed. After negotiations with Suncity’s shareholder, he repaid the full $60 million between 2016 and 2019. A subsequent lawsuit by Chua for interest was dismissed by the High Court, which ruled that the credit came from Suncity, not Chua, and no interest was due. The case highlights the complexities of casino credit arrangements and the legal distinction between casino staff and credit providers.
(Source：PerthNow)