The Macau Metro Monitor, March 25, 2011
MBS SUIT TO RECOVER GAMBLING DEBT HEADED FOR TRIAL Business Times, Channel News Asia
MBS's 1st gambling debt lawsuit against Singaporean Lester Ong Boon Lin may be headed for trial after the High Court ruled Ong can argue his case. MBS first filed its writ of summons against Ong in October 2010. Ong allegedly owes MBS more than S$240,800. Ong claims the debt is null and void because he wasn't a premium player when the casino extended credit to him. But MBS argues that under Singapore gaming laws, Mr Ong remains qualified as a premium player for one year until April 30, or until MBS closes his deposit account. Media reports say Ong's father, the owner of a famous nasi lemak business, had lost S$1.8MM in gambling.
WIFE LEONG GAINS SWAY OVER HO GAMBLING EMPIRE WSJ
Stanley Ho's 4th wife, Angela Leong, has increased her stake in SJM Holdings Ltd. from 8% to 11%. This is part of the settlement ending the Ho dispute.
