Man Jumps from Casino Ship to Escape Loan Sharks

Man Jumps from Casino Ship to Escape Loan Sharks

Gambling on loan-shark borrowed money is all enjoyable and games unless you lose most of that money and are forced to strip to your skivvies and jump from your floor that is third cabin aboard the casino ship that was the cause of your short-lived fun and subsequent woes, into the frigid waters of Hong Kong’s Victoria Harbor below.

A Chinese national surnamed Lu discovered that out the way that is hard week, in accordance with the china magazine Ming Pao. He allegedly borrowed HK$120,000 (more or less US$15,460) from loan sharks and embarked for a night of gambling aboard the casino ship, which skirts (or rather sails) around Hong Kong’s strict gambling laws by sailing out into international waters, a ploy that is increasingly popular world over.

The ship had been somewhere nearby the Eastern Harbor Crossing Tunnel between Lei Yue Mun and Kwun Tong if the man made their escape attempt (the loan sharks were presumably up to speed with him) after burning through the borrowed money. He wrapped their documents and just what little money he had left in plastic, stripped down, donned a life jacket, and jumped from the screen of his cabin.

Rather than being free to swim to safety and make his wet way house however, he was picked up by another ship, which promptly brought him, soaking and sullen, to a nearby police place, and then after that to a healthcare facility for a check-up.

As the guy was released by police and has not been (more…)

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No Smoking Revel Going Up in Smoke with Bankruptcy

No Smoking Revel Going Up in Smoke with Bankruptcy

Simply times short of a 12 months as it opened to great fanfare, Atlantic City’s no smoking casino experiment Revel is looking to declare themselves bankrupt, predicated on federal securities regulators’ disclosure statements the casino filed earlier this week. Through the miracle of high finance sleight-of-hand, some $1.5 billion in staggering financial obligation will now be converted into $1 billion in equity for the casino’s eager creditors, and a new CEO, Jeffrey Hartman (formerly of the Mohegan Sun in Connecticut) takes over the reins with this faltering mare.

Resignations Certainly Are a deal that is good

Hartman gets control of for recently departed Walk of Shamers ex-CEO Kevin deSanctis and Chief Investment Officer Michael Garrity; thankfully, this isn’t Japan, or there is intestinal entrails from the penthouse to your parking lot by now. Nope, this is America, where a smartly negotiated contract when you sign up gets that you well-paid ride when you’re axed; so DeSanctis and Garrity not merely get to stay on with the Revel brand, they are able to additionally look forward to about $7 million in consulting fees for the remainder year. Is that each or together? We’re perhaps not certain, but our cap goes george orwell 1984 part 1 off to their solicitors: well-played, counselors, well-played!

Smoke Signals

Although Atlantic City overall was in a nosedive that is financial (attributed to everything from Hurricane Sandy (more…)

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