Venetian Macau sues 2 gamblers over $4.5M in debts Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 12:39 am, Friday, January 25, 2013 HONG KONG (AP) — U.S. billionaire Sheldon Adelson's flagship Macau casino is suing two mainland Chinese high rollers over debts worth millions in a case that provides a rare glimpse into the VIP culture that powers the gambling enclave. The lawsuits highlight the difficulties in collecting debts when high rollers return to the mainland, where gambling is illegal and debts aren't recognized by courts. In the second case, filed the same day, the Venetian is pursuing HK$11.3 million ($1.5 million) from Xie Xiaoqing, who Hong Kong media reports said Friday was a businessman and deputy to the provincial legislature in Hubei province. Most of the so-called VIP business is handled by junket operators, middlemen who arrange for the high-rollers to travel to Macau and gamble in private rooms.
Venetian Macau Sues 2 Gamblers Over $4.5m In Debts
Business Heds Index, Seattle Post-Intelligencer: Business
Fri, 01/25/2013 - 3:31am
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