Macau concessionaire MGM China issued a rare gaming-related statement in the early hours of Wednesday morning in which it said a legal matter linked to gambling debts involving Hong Kong actor Jacky Heung Cho had been terminated and all debts settled.
The statement followed reports in Hong Kong media earlier in the day alleging that Heung had borrowed HK$2 million (US$255,000) from MGM China – operator of MGM Cotai and MGM Macau – on 1 December 2024 for the purpose of gambling. The reports also claimed that Heung still owed the company around HK$1.4 million, prompting MGM to file action with the Hong Kong District Court seeking payment of the outstanding amount plus interest.
In its statement, issued shortly before 1am Macau time, MGM China described the reports as “potentially misleading”, explaining that, “The matter involving Mr Jacky Heung Cho arose from a credit guarantee he provided for a third party. Due to overdue payments not being made, MGM China subsequently initiated standard legal procedures to address the related matters. Recently, all payments have been fully settled and the corresponding legal procedures have been terminated.
MGM said it is “not our usual practice to engage with media regarding our internal gaming operational administrative processes, but in view of the inconvenience and distress this incident has caused Mr Jacky Heung Cho, our company sincerely requests all inaccurate or speculative reporting be curbed.”
Heung, who has appeared in more than a dozen Hong Kong films, is the son of Charles Heung, a renowned film and television producer and the founder of Hong Kong-listed China Star Entertainment.
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