Wynn Macau is set to collect HKD33m ($4.21m) from Paul Poh Yang Hong, a Malaysian fund manager, after successfully arguing in court that the money owed was from a credit line opened to Poh. Judge S. Nantha Balan ordered Poh to pay to Wynn the outstanding amount, from an original loaned amount of HKD40m ($5.10m), plus interest. The court’s decision is a landmark case, marking the first time that a casino was able to collect unpaid dues from a client in Malaysia.
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The Story
Wynn Macau is set to collect HKD33m ($4.21m) from Paul Poh Yang Hong, a Malaysian fund manager, after successfully arguing in court that the money owed was from a credit line opened to Poh. Judge S. Nantha Balan ordered Poh to pay to Wynn the outstanding amount, from an original loaned amount of HKD40m ($5.10m), plus interest. The court’s decision is a landmark case, marking the first time that a casino was able to collect unpaid dues from a client in Malaysia.
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Chile’s tax agency is now implementing income taxes on profits made from selling cryptocurrencies, less than a year after declaring that digital assets are not subject to value-added tax.
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Visitors of ICE London 2019 will be able to discover the main functionalities and the latest innovations of OPTIMA Multichannel Gaming Suite when they go to the iGaming industry’s biggest event.
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Congratulations to Mikita Badziakouski for becoming an official member of the partypoker ambassadorial team! The 26-year-old has been a revelation in No-Limit Hold’em in recent years, amassing $14.5m in 2018 alone. |
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Sport and life is about losing.
