Casino Destroys Gambler’s $7 Million Check in One of Biggest Gambling Blunders Ever

Sydney’s Star casino accidentally destroyed two checks from a high roller worth a collective $7 million. A Chinese gambler sent the checks to the casino as a security deposit before they began playing. Wai Chong Wong, the high roller in question, gave the Star checks worth $5 million and $2 million in October 2016. He […]

Sydney’s Star casino accidentally destroyed two checks from a high roller worth a collective $7 million. A Chinese gambler sent the checks to the casino as a security deposit before they began playing.

Wai Chong Wong, the high roller in question, gave the Star checks worth $5 million and $2 million in October 2016. He then received $7 dollars worth of chips to use in high stakes casino games.

The Star has been unable to recoup their money after shredding the checks. They’ve now taken their case to the New South Wales Supreme Court, where they had to admit they made one of the biggest gambling blunders of all time.

How did The Star Manage to Destroy the Checks?

The Star keeps large deposit checks in a customer’s file. Such was the case with Mr. Wong, who gave them two huge sums for collateral.

Their policy is to retain the checks until a high roller pays them with a personal check to cover losses. The original check(s) is then shredded or returned to the player.

If the gambler isn’t present when the amount is settled (i.e. they send the check), the original check(s) is put into a safe deposit box until the the outstanding amount has been paid.

Wong wasn’t present at The Star casino for the settlement date, at which point he owed $6,139,534 in losses.

He failed to cover the funds, but a Star employee accidentally shredded his checks anyways. According to the Daily Mail, the employee who did this likely doesn’t work for the casino anymore.

Wong Must Pay $7 Million – Over $850k More than He Lost

The Star sent two notices to Mr. Wong’s Macau address an August 2017, asking that he repay the amount within 14 business days.

This past week, Justice Monika Schmidt ordered that Wong repay the casino $7 million, which is a lot more than his original $6.14 million in losses. The extra amount is due to interest and Wong’s refusal to settle the debt.

 

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