KUALA LUMPUR (Reuters) – A Malaysian judge on Friday ruled in favor of Wynn Macau in a case against a fund manager who owed the casino millions of dollars, the company’s lawyer said, the first time a casino has been allowed to recover dues in the country.
Wagering or gaming contracts are not recognized in Malaysia, which means casinos do not have legal recourse for the gambling dues owed to them by its clients.
Wynn - Case - Fund - Manager - Casino
But in the Wynn case against the Malaysian fund manager, the casino’s lawyers said they weren’t seeking dues from a wagering contract but from a credit agreement that the Malaysian had failed to honor.
Wynn brought the lawsuit against Paul Poh Yang Hong in 2017 for HK$33 million ($4.21 million) he owed the casino.
Poh - Line
Poh took a line...
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