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Tag Archives: Gambling debts

UK – Judge’s patience runs out with Ritz debtor

A judge has ruled that a billionaire businessman who owes London’s Ritz casino £2.2m should be jailed for ten months. The High Court ruled that Swiss national Safa Abdulla Al Geabury, 52, who blamed the casino and the Devil for his gambling losses was ‘deliberately dishonest’ and that he must settle the debt with the…

UK – The Ritz agrees settlement with Singapore billionaire

The Ritz casino has agreed to settle on a £5m dispute with billionaire Bharat Kalwani who it had claimed paid with a cheque that bounced prior to a High Court trial. The casino has reached an agreement with Mr. Kalwani, who is a Singaporean construction and property mogul, saying he ‘acted honourably’ and that he…

China – Sands files writs against low rollers

Sands China has filed two law suits against mainland Chinese high-rollers as it looks to recover gambling debts of US$4.5m (£2.8m) racked up at its Venetian Macao property. Shanghai Gaoyuan Property Group owner Zou Yunyu owes HK$23m (US$3m) whilst Xie Xiaoqing, a businessman and deputy to the provincial legislature in Hubei province, owes HK$11m (US$1.5m). The…