Singapore high-roller, Alex Chew, has been ordered to pay RM113 million to an Australian casino after allegedly playing baccarat and leaving without settling his debts.
According to reports from Yahoo News Malaysia, Chew is said to have spent multiple nights at the Star Casino in Sydney, racking up a massive debt while playing the high-stakes card game. The casino claims that Chew was extended a line of credit to continue playing, but when it came time to pay up, he disappeared without a trace.
The court ruled in favor of the casino, ordering Chew to repay the full amount owed, which equates to approximately SGD 37.35 million. The judge presiding over the case stated that Chew’s actions were a clear breach of the terms of his gambling agreement with the casino, and that he must be held accountable for his actions.
Chew, who is known for his extravagant lifestyle and frequent trips to luxury gambling destinations around the world, has yet to comment on the ruling. It is unclear how he plans to repay the massive debt, but he may face legal consequences if he fails to do so.
This incident serves as a stark reminder of the risks associated with high-stakes gambling, and the importance of responsible gaming practices. Casinos may offer lines of credit to high-rollers in order to entice them to continue playing, but it is ultimately the responsibility of the player to ensure that they can cover their debts.
In the meantime, the Star Casino is hopeful that Chew will honor the court’s ruling and repay the money owed. The casino has stated that they will take all necessary legal measures to ensure that they receive their payment, and that they are committed to upholding the integrity of their gambling operations. Overall, this case highlights the potential consequences of irresponsible gambling behavior, and serves as a cautionary tale for other high-rollers who may be tempted to push their luck too far.
