\nCasinos are also hesitant to pursue claims because of the negative publicity involved. Both resorts have seen their revenues drop in recent years and don\u2019t want to do anything that would scare away its wealthiest clients.<\/strong><\/p>\n<\/blockquote>\nThat base is continually shrinking with competition from places like Macau, which also vies for customers and has more than 40 facilities. China\u2019s crackdown on gamblers is another factor keeping them from visiting.<\/p>\n
High Profile Losers<\/h2>\n
That doesn\u2019t mean debtors are excused from money owed. Marina Bay Sands and Resorts World Sentosa\u00a0have chased down those who have failed to pay. In 2012, Resorts World sued gambler Kuok Sio Kun in Singapore to recover $1.8 million and in 2015, Marina Bay Sands went after China’s For You Group Chairman Chen Huaide for $2.8 million.<\/p>\n
Last year, Marina Bay Sands revealed that Xiao Wenge, former chairman of DMG Entertainment, owed $12 million.<\/p>\n
Most recently, Olympic table tennis gold medalist Kong Linghui<\/a>\u00a0was the target of litigation by the Marina Bay Sands for a reported $327,480 he owed in gambling losses. Linghui claims it was a misunderstanding and said he is working with the casino to resolve the dispute.<\/p>\n","protected":false},"excerpt":{"rendered":"Lending money to big time gamblers is easy for Singapore casinos, but collecting on those debts is time-consuming and difficult. The number of VIP clients who are in debt\u00a0to casinos is increasing and becoming more of an issue. Bloomberg reported that in 2013, only two customers were sued to retrieve money owed, but by a […]<\/p>\n","protected":false},"author":42,"featured_media":51487,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Singapore Casinos Find Collecting Debts from High Rollers Difficult<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n