Singapore businessman loses $18m…in one day

Jamie Hinks
August 19, 2010
5 Comments

baccaratMost people could only dream of it, and losing the amount quoted in one day is somewhat unimaginable, but you know what they say – when in Singapore…

Well they don’t say that, they soon might be though as it’s being reported a businessman lost $18m in June playing baccarat at the Resorts World Sentosa in one day. The man, who is not named, is in his 50s and a managing director of a multi-million dollar company.

The businessman has now, obviously, filed a lawsuit against casino for failing to perform background checks before giving him a credit line of $500,000. All this comes after the man was seen wagering $400,000 a hand in the Singapore casino. Where was it I heard online gambling was way more addictive than land-based? Oh yeah, it was that Albertan book on the Earth being flat. Read more.

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Tags: Article, baccarat, Resorts World Sentosa, Singapore
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