{"id":96737,"date":"2019-01-21T09:40:10","date_gmt":"2019-01-21T17:40:10","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=96737"},"modified":"2019-01-21T09:40:10","modified_gmt":"2019-01-21T17:40:10","slug":"wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller\/","title":{"rendered":"Wynn Resorts Wins Landmark $4.2 Million Court Battle Against Malaysian High Roller"},"content":{"rendered":"

Wynn Resorts has won a court battle in Malaysia to recoup around $4.2 million gambled and lost by a Malaysian hedge fund manager at its Wynn Macau<\/a> property.<\/p>\n

\"Wynn
Lawyers for the Wynn Macau were able to convince a Malaysian judge that the money owed by high-roller Paul Poh Yang Hong was more than just a gambling debt — it was a line of credit that had not been paid. (Image: Wynn Resorts)<\/figcaption><\/figure>\n

It\u2019s a landmark case because the country\u2019s laws offer no legal recourse for gambling operators to collect debts because gambling contracts are simply not recognized.<\/p>\n

Defendant Paul Poh Yang Hong had perhaps hoped he would be protected by his country\u2019s native laws, but Wynn\u2019s lawyers were able to successfully argue that the money he had lost was not only a gambling debt but also a line of credit that he had failed to honor.<\/p>\n

High rollers in Macau do not generally turn up to casinos with millions in cash — instead, the casinos use a system in which special non-refundable \u201crolling chips\u201d are handed out as credit. Winnings can then be converted into regular chips and cashed out, while \u201cdropped\u201d chips act as a tally of debt, to be settled later.<\/p><\/blockquote>\n

Poh had lost $5.1 million in rolling chips but had only paid back around $900,000 before Wynn took him to court in 2017. He will now have to repay the full amount, plus interest.<\/p>\n

Wynn\u2019s lawyer Vincent Law told Reuters<\/em> that — provided there was no appeal — the judgment will be the law in Malaysia for \u201cthe foreseeable future,” adding that it was a good sign for the whole gaming industry.<\/p>\n

Malaysia has only one casino resort, Resorts World Genting, operated by homegrown casino giant Genting — but it\u2019s huge. Situated at the peak of Mount Ulu Kali in the country\u2019s highlands half an hour\u2019s drive from Kuala Lumpur, it has two casinos, seven hotels, and several theme parks.<\/p>\n

\n

Dual Justice System<\/strong><\/p>\n

Gambling regulations are unique in Malaysia in that the country has separate Shariah law for its majority Muslim population, which means only non-Muslims are permitted to gamble.<\/p>\n

While officially a secular state, Islam has been established as a \u201creligion of the federation,\u201d and for the 61 percent that adheres to the faith, Islamic law transcends most aspects of life, with regular audits conducted to ensure compliance.<\/p>\n<\/div>\n

Ruling Delayed in Wynn Copyright Battle<\/strong><\/h2>\n

On the other side of the world, Wynn Resorts is currently engaged in a\u00a0lawsuit with Genting<\/a> over alleged similarities between Wynn\u2019s Las Vegas properties and the Malaysian company\u2019s Resorts World Las Vegas, which is currently under construction directly across the Strip.<\/p>\n

On Friday, a Las Vegas judge delayed ruling on Wynn\u2019s request for a temporary restraining order that would halt construction of the $4 billion resort.<\/p>\n

U.S. District Court Judge Gloria Navarro\u00a0wants to give Genting time to prove that the completed Resorts World Las Vegas will not resemble Wynn properties or infringe any of the company\u2019s trademarks or copyrights.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Resorts has won a court battle in Malaysia to recoup around $4.2 million gambled and lost by a Malaysian hedge fund manager at its Wynn Macau property. It\u2019s a landmark case because the country\u2019s laws offer no legal recourse for gambling operators to collect debts because gambling contracts are simply not recognized. Defendant Paul […]<\/p>\n","protected":false},"author":36,"featured_media":96741,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,60,18],"tags":[],"acf":[],"yoast_head":"\nWynn Resorts Wins $4.2 Million Court Battle Against Malaysian High Roller<\/title>\n<meta name=\"description\" content=\"Wynn Resorts successfully argues that Malaysian high roller\u2019s debts are a line of unpaid credit rather than a simple gambling debt, setting a precedent in the country.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wynn Resorts Wins $4.2 Million Court Battle Against Malaysian High Roller\" \/>\n<meta property=\"og:description\" content=\"Wynn Resorts successfully argues that Malaysian high roller\u2019s debts are a line of unpaid credit rather than a simple gambling debt, setting a precedent in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-21T17:40:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Wynn-macau.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2300\" \/>\n\t<meta property=\"og:image:height\" content=\"1498\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller\/\",\"url\":\"https:\/\/www.casino.org\/news\/wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller\/\",\"name\":\"Wynn Resorts Wins $4.2 Million Court Battle Against Malaysian High Roller\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Wynn-macau.jpg\",\"datePublished\":\"2019-01-21T17:40:10+00:00\",\"dateModified\":\"2019-01-21T17:40:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Wynn Resorts successfully argues that Malaysian high roller\u2019s debts are a line of unpaid credit rather than a simple gambling debt, setting a precedent in the country.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-wins-4-2-million-court-battle-against-malaysian-high-roller\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Wynn-macau.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Wynn-macau.jpg\",\"width\":2300,\"height\":1498,\"caption\":\"Lawyers for the Wynn Macau were able to convince a Malaysian judge that the money owed by Malaysian high-roller Paul Poh Yang Hong was more than a gambling debt \u2013 it was a line of credit that had not been paid. 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