Wynn sues tycoon for gambling debt

Wynn Macau has turned to the Hong Kong courts to file a writ against a mainland Chinese property and auto tycoon.  Businessman Li Jun is said to owe the Wynn Macau $14 million in gambling debts and is currently bound to stay in Hong Kong due to an earlier court case in which he is accused of breaking in to the home of Hong Kong-based television star Shen Xing.  

Li was granted bail in that case but barred from leaving the territory.  Although Macau casinos court this kind of ‘big whale’ gambler and can extend credit to these patrons at their discretion after extensive background checks, they are at risk of not being able to recover debts once the clients return to China where gambling debit is unenforceable. Wynn Macau is the second company to try to use the Hong Kong courts to recover gambling debits after the Venetian Macau sued a Shanghai businesswoman and an official from Hubei province earlier in the year.