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Updated Monday, January 23, 2012 0:21 am TWN, The China Post news staff

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Man must pay Macau casino HK$75 mil. debt: court

The Taipei District Court recently ruled that a deal in which a man gave his house to his wife as a gift should be revoked so that the man could pay back his debt to a casino in Macau.

The man, surnamed Chen, went gambling three years ago at a casino in Macau, where he signed a promissory note of HK$75 million in exchange for the chips needed for gambling. He lost most of the money and returned to Taiwan without honoring the promissory note.

The casino operator then came to Taiwan and asked the court to seize Chen's luxury mansion in Hsinchu, with the promissory note being presented as proof of Chen's debt.

However, Chen had already transferred the title of the mansion to his wife. The casino then sued Chen to get him to return the money.

During the trial, Chen told the court that debts incurred in gambling “are not real debts,” and that the casino resorted to dirty tricks to make him lose.

The judge presiding over the hearings, however, ruled otherwise. As gambling is legal in Macau, debts incurred in gambling are real debts, the judge said.

As such, Chen's home title transfer must be revoked, he said.

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