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KUALA LUMPUR (Reuters) – A Malaysian judge on Friday (January 18th) pronounced in favor of Wynn Macau in a case against a fund manager who owed millions of dollars to the casino, said the company's attorney The first time that a casino was allowed to collect contributions in the country.
Betting or gaming contracts are not recognized in Malaysia, which means that casinos do not have any legal recourse for gaming fees that their customers owe them.
But in the Wynn case against the Malaysian fund manager, the casino's lawyers said they were not looking to collect dues from a betting contract, but from a credit agreement that the Malaysian did not have. not respected.
Wynn filed a lawsuit against Paul Poh Yang Hong in 2017 for HK $ 33 million ($ 5.7 million), which he owed to the casino.
Poh took a HK $ 40 million credit line from Wynn, and had repaid about HK $ 33 million before Wynn sued him, Vincent Law, Wynn's attorney, told Reuters.
Poh had stated in a previous hearing that he did not know that he had signed a credit agreement and that he was not owed 40 million HK dollars at the casino.
Judge S. Nantha Balan said Friday in the room that Poh was to pay the balance of HK $ 33 million plus interest to Wynn, Law told Reuters in a court in Kuala Lumpur.
Poh's lawyer refused to comment on the decision or whether he was going to appeal.
"If there is no appeal, I believe this ruling today will be the law in Malaysia in the near future," said Mr. Law. "It's a good sign for any gaming industry."
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