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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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Sport and life is about losing. It’s about understanding how to lose. —Lynn Davies 21st January 2019 CalvinAyre Newsletter SHARE THIS INVITE FRIENDS

It’s payback time

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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