logo
Debt linked to Hong Kong actor Jacky Heung fully repaid, Macau casino ends legal action

Debt linked to Hong Kong actor Jacky Heung fully repaid, Macau casino ends legal action

A gambling debt linked to Hong Kong actor Jacky Heung has been fully settled, Macau casino operator MGM China has said, saying legal proceedings have been terminated.
The casino company made the statement on Wednesday, a day after the media reported that its subsidiary, MGM Grand Paradise, had issued a writ against Heung.
The actor was sued for at least HK$1.4 million (HK$178,000) in gambling debts, according to the court document.
'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,' MGM China said.
'Recently, all payments have been fully settled and the corresponding legal procedures have been terminated,' it added.
MGM China has said that all legal proceedings against the Hong Kong actor have been terminated. Photo: Yik Yeung-man
Clarifying the situation, MGM China said that it was not its usual practice to engage with the media regarding internal gaming operational processes.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hong Kong stocks rise as China steps in to curb EV sector competition
Hong Kong stocks rise as China steps in to curb EV sector competition

South China Morning Post

timean hour ago

  • South China Morning Post

Hong Kong stocks rise as China steps in to curb EV sector competition

Hong Kong stocks rose on Thursday, led by carmakers, after China pledged to curb 'irrational competition' in the electric vehicle (EV) sector. The Hang Seng Index advanced 0.3 per cent to 24,602.04 at 9.40am local time. The Hang Seng Tech Index added 0.3 per cent. On the mainland, the CSI 300 Index strengthened 0.3 per cent, while the Shanghai Composite Index gained 0.1 per cent. EV maker Li Auto rose 1.3 per cent to HK$114.60, Geely Automobile Holdings climbed 1 per cent to HK$18.44 and BYD advanced 0.4 per cent to HK$123. On the flip side, search-engine leader Baidu fell 4.5 per cent to HK$84.60, short-video platform Kuaishou Technology lost 0.7 per cent to HK$69.10 and e-commerce giant eased 0.6 per cent to HK$124. Beijing on Wednesday pledged to curb 'irrational competition' in the EV sector during a State Council meeting chaired by Premier Li Qiang. Authorities said they would step up price monitoring, regulate the market and push companies to innovate and improve quality to stabilise the industry and safeguard economic growth. US stocks closed higher overnight, with the S&P 500 rising 0.3 per cent and the Dow Jones advancing 0.5 per cent, after President Donald Trump said that he 'is not planning on doing anything' to remove Federal Reserve chair Jerome Powell.

How deals are trumping port dispute on Australian PM's China visit
How deals are trumping port dispute on Australian PM's China visit

South China Morning Post

timean hour ago

  • South China Morning Post

How deals are trumping port dispute on Australian PM's China visit

Beijing has set aside major disputes with Canberra and instead filled Australian Prime Minister Anthony Albanese's six-day visit to China this week with a slew of trade and investment deals, a move analysts said was an effort to find common ground amid trade tensions with the United States. The deals include the potential widening of access to the Chinese market for Australian farm produce and coal, cooperation in the digitalisation of the financial sector, investment in greenfield projects and potential tariff cuts for Australian agricultural exports, according to a source with knowledge of their content. There has been no mention of any discussion on the future of Darwin Port, which the Australian government wants to take back from a Chinese company on national security grounds, with the source saying the two sides had decided to step back from the controversy. Albanese's visit, which has included meetings with President Xi Jinping and Premier Li Qiang, began in Shanghai on Saturday and will end on Friday, with details of the deals expected to be released after it is wrapped up. According to an official readout from Xinhua, Li raised Australian scrutiny of Chinese investments in two hours of talks with Albanese on Tuesday, asking for 'a fair, open and non-discriminatory business environment' for Chinese investors. Li did not explicitly mention Darwin Port.

More Hong Kong office tenants seek longer rent-free periods from landlords: Colliers survey
More Hong Kong office tenants seek longer rent-free periods from landlords: Colliers survey

South China Morning Post

time3 hours ago

  • South China Morning Post

More Hong Kong office tenants seek longer rent-free periods from landlords: Colliers survey

Some nine out of 10 office tenants in Hong Kong are expecting longer rent-free periods from their landlords as more than a quarter of the city's companies intend to shrink their real-estate footprint over the next 12 months, according to a survey from Colliers. Advertisement The ratio was the highest since the property consultancy relaunched the annual survey in 2023. Last year, eight out of 10 respondents were seeking such concessions, according to data from the survey, which was released on Wednesday. 'Nowadays, landlords would be comfortable extending three to six months rent-free; that is pretty much standard,' said Chris Hui, Colliers' head of landlord representation for office services. 'Anything longer than that will obviously be subject to a lot of other factors, like how long is the lease and how large is the space.' In rare cases, tenants could seek as much as 10 months rent-free, he added. The survey also showed that an increasing number of office tenants – rising to 46 per cent this year from 25 per cent in 2024 – were looking at reducing their building management fees, which are charged on a monthly basis. Management fees cover various services including lift inspections, air conditioning maintenance and janitorial services. Advertisement As office rents have fallen from a 2019 peak, tenants have sought lower management fees to ease their costs, the study showed. But Kathy Lee, head of the research and retail consultancy at Colliers, said landlords were not likely to budge. 'It's very difficult for landlords to give discounts on management fees because the management fee is always on a cost basis,' she said. 'They need a certain amount of staff to provide services, so there is not much room for them to lower the management fee.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store