Chinese developer and Marina Bay Sands going to trial over $3.5 million gambling debt

MBS had earlier won a judgment against Mr Luo Shandong over his gaming debt, but he appealed, saying he had already paid an alleged agent of MBS to get around the stringent currency control regulations in China.
MBS had earlier won a judgment against Mr Luo Shandong over his gaming debt, but he appealed, saying he had already paid an alleged agent of MBS to get around the stringent currency control regulations in China.PHOTO: ST FILE

SINGAPORE - A mainland Chinese property developer is going to trial in the High Court here with Marina Bay Sands (MBS) over a $3.5 million gambling debt.

MBS had earlier won summary judgment to recover gaming debt comprising $2.98 million plus interest from Mr Luo Shandong, a former controlling shareholder of Catalist-listed China property developer Emerging Towns & Cities Singapore.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.