PHUKET: A gambling casino high-roller named in a $23 million court case in Australia is said to be developing villas on Phuket worth one billion baht.
The ''Phuket property developer'' is named in a court action in Australia along with several other rich Thai ''whales,'' as big casino gamblers are known.
Ten high roller gambling patrons who have not repaid $23 million credit to gamble at Sydney's Star casino are being sued in Australia's Supreme Court after they failed to pay their bills.
Another named is the managing director of a Thai company that imports and sells swimming pools, and a third is a Thai businesswoman involved in direct sales.
The case arose after an operator of group gambling tours known as SilkStar, went bust. SilkStar lent gambling money to casino visitors.
The Star's parent company, Echo Entertainment, told its shareholders last week that "some of the international VIP customers introduced to Echo by SilkStar have outstanding amounts owed to Echo.
"In light of SilkStar's liquidation, Echo has also reviewed the prospects of recovery of these balances. Echo has decided to take a prudent approach and increase the impairment provision against this group of customers,'' the company said.
"As at 31 May 2012, the total write off and impairment provision taken against these customers amounts to $22.9 million.''
"Echo will however continue to vigorously pursue all possible avenues to recover the monies outstanding from these customers.''
The ''Phuket property developer'' is named in a court action in Australia along with several other rich Thai ''whales,'' as big casino gamblers are known.
Ten high roller gambling patrons who have not repaid $23 million credit to gamble at Sydney's Star casino are being sued in Australia's Supreme Court after they failed to pay their bills.
Another named is the managing director of a Thai company that imports and sells swimming pools, and a third is a Thai businesswoman involved in direct sales.
The case arose after an operator of group gambling tours known as SilkStar, went bust. SilkStar lent gambling money to casino visitors.
The Star's parent company, Echo Entertainment, told its shareholders last week that "some of the international VIP customers introduced to Echo by SilkStar have outstanding amounts owed to Echo.
"In light of SilkStar's liquidation, Echo has also reviewed the prospects of recovery of these balances. Echo has decided to take a prudent approach and increase the impairment provision against this group of customers,'' the company said.
"As at 31 May 2012, the total write off and impairment provision taken against these customers amounts to $22.9 million.''
"Echo will however continue to vigorously pursue all possible avenues to recover the monies outstanding from these customers.''
So if they have been named by the Court, why are you with-holding their name?
Posted by Tbs on June 7, 2012 14:37
Editor Comment:
Because we are a Thai media organisation operating in Thailand, not an Australian media organisation operating in Australia. We would have ti have had our own reporter in court to be sure of the accuracy of the names.