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Gambler sues Marina Bay Sands over alleged illegal transfer of US$6.6 million in funds

Newsdesk by Newsdesk
Fri 11 Oct 2019 at 06:10
Analysts agree Las Vegas Sands best suited to overcome saturation of Asia’s premium gaming market

Marina Bay Sands, Singapore

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A former gambler at Singapore’s Marina Bay Sands (MBS) is suing the casino for allegedly transferring SG$9.1 million (US$6.6 million) of his money to other patrons without his authority, Bloomberg reports.

According to the lawsuit filed with the Singapore High Court, Wang Xi discovered in July this year that the cash had been transferred from his casino deposit account via 22 transfers made between October and December 2015.

Wang was then told by MBS that it had received authorization letters signed by him in Macau to proceed with the transfers, but he says those signatures had been illegally copied and pasted and that he doesn’t know any of the recipients of his funds.

He also alleges he was told by MBS that original copies of the letters had since been destroyed for “reasons of confidentiality.” The lawsuit says MBS “failed to verify whether the Disputed Authorization Letters were in fact signed by the plaintiff before effecting the disputed transactions.”

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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