Friday, May 24, 2013





Venetian Macau sues 2 gamblers over $4.5M in debts


Last Modified: March 17. 2013 3:09AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) U.S. billionaire Sheldon Adelson's flagship Macau casino is suing two mainland Chinese high-rollers over gambling debts worth millions.


The Venetian Macau took legal action in a Hong Kong court this week to recover about $4.5 million in the two separate cases.


In one, the Venetian is trying to recover 23.4 billion Hong Kong dollars ($3 million) from Zou Yunyu, who Forbes estimated in 2008 was worth $302 million.


In the second case, the Venetian is pursuing HK$11.3 million ($1.5 million) from Xie Xiaoqing, who Hong Kong media reports said Friday was a Chinese provincial government official.


Macau's rise as the world's top gambling market has been powered by wealthy mainland Chinese gamblers. But the lawsuits highlight the difficulties in collecting debts if they return to China.


Associated Press


Comments
Commenting Guidelines
Poll

Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds