Chinese Ping Pong Legend Suspended Over Gambling Debts with Sands Casino in Singapore

Chinese Ping Pong Legend Suspended Over Gambling Debts with Sands Casino in Singapore

One of the maximum players in the reputation for ping pong found himself in the international limelight this week, not for his accomplishments in table tennis, but alternatively for his apparent failures at the tables in a casino.

Kong Linghui ended up being like the Michael Jordan of ping pong, a likeness even up to the point which he allegedly got himself in gambling problems.

Kong Linghui, advisor of the women that are chinese ping pong team, had been summoned on Monday to return to Asia just as the 2017 World Table Tennis Championships had been getting underway in Germany. He’s got been suspended from the united group in the wake of a scandal over gambling debts.

Kong, a 41-year-old champion that is former one of the greatest players in the annals associated with the game, was called in a lawsuit filed in Hong Kong that alleged he stiffed the Marina Bay Sands Hotel and Casino in 2015 on almost $720,000 in markers.

Alleged Debts and Gambling Regrets

A popular Chinese social media site, to explain that the debts weren’t his on Tuesday, Kong posted on Weibo. He said he visited the casino in Lion City, Singapore, with friends and family, and utilized his personal credit line so they could play while he ‘sat and observed.’

‘It is until today after news reports have exposed the incident that I have discovered some one had left some debt unsettled aided by the casino,’ he said in a declarationContinue reading

Crown Resorts Initiates Complete Withdrawal from Macau, Sells Staying Shares to Melco International

Crown Resorts Initiates Complete Withdrawal from Macau, Sells Staying Shares to Melco International

Crown Resorts will divest it self of its shares that are remaining Melco Resorts and Entertainment, the organization which was, until last month, known as Melco Crown. The move completes James Packer’s total withdrawal from Macau.

James Packer’s timing had been down on Macau, but the Asia arrests had been the final nail in the coffin. Could Crown’s recent strategies engage in a plan to go into a completely new market.

The news comes very nearly exactly one 12 months after Packer’s Crown Resorts made the shock decision to cut its stake within the business it had created jointly with Lawrence Ho’s Melco International from 34.3 percent to 27.4 %. This had been just five months after the opening of Melco Crown’s long-awaited $4.5 billion Studio City resort.

In hindsight, the timing could barely have now been worse. After almost two years of tumbling revenues in Macau, Crown Resorts desired to rein in its expansion that is international and its exposure to the gambling hub so that you can concentrate on projects closer to home.

Timing is Everything

Packer’s Asian dream had failed, shattered by Beijing’s anti-corruption drive of 2014. The Melco Crown properties, prepared up in a climate of apparently prosperity that is unassailable Macau, the other of the fastest-growing economies in the world, were not providing the returns he expected.

‘we don’t think any of the operators could haveContinue reading

Oklahoma Legislature Up in Smoke Over Gambling and Cigarettes, Pennsylvania Too

Oklahoma Legislature Up in Smoke Over Gambling and Cigarettes, Pennsylvania Too

The Oklahoma Legislature has reached an impasse on the so-called sin industries of gambling and cigarettes.

Oklahoma House Minority Leader Scott Inman wants to expand gaming, but their constituents that are republican he should put that concept in his pipe and smoke it.

Both the Oklahoma Senate and House are controlled by the GOP, but that isn’t stopping the minority celebration from blocking a smoking tax increase proposed by House Republicans.

Democrats within the lower chamber are doing this in order to give their side leverage in ongoing budget negotiations, and their desires to expand gambling and allow casinos that are tribal offer roulette and dice games.

Oklahoma lawmakers are researching to close an $878 million money gap. While Republicans can pass the budget of the choosing, they need a vote that is three-fourths raise cigarette fees, while the 26 Democrats in the 101-member House aren’t budging.

‘We’ve said all along that a cigarette tax is really a Band-Aid on a bullet gap,’ Oklahoma House Minority Leader Scott Inman (D-District 94) told the Associated Press. ‘You’ve surely got to have additional revenue.’

This the House and Senate budget committees recommended a $1.50 per cigarette pack tax increase week. To really make the budget whole with only that tariff hike, Oklahomans would require to purchase roughly 585.3 million packs of smokes.

GOP Extinguishes Gambling

Republican leaContinue reading