Wong Yew Choy is a Singaporean national and former director of Celton Manx, the parent company of SBOBET.
SBOBET is a prominent Asian-facing sportsbook known for its extensive operations in the online betting industry.
Highlights
- Wong Yew Choy is a Singaporean billionaire who served as the former director of Celton Manx, an online gambling and betting company.
- Wong Yew Choy has been ordered to repay around $38 million for his debt at The Star Casino, Australia, which dates back to 2018.
- Besides the betting realm, Wong is involved in football teams sponsoring and horse race betting.
Similarly, Wong Yew Choy owns an online gaming empire based in the Isle of Man and the Philippines.
Furthermore, Wong Choy has sponsored teams in the English Premier League, has stable thoroughbreds in Singapore, and has been involved in horse racing.
In 2018, Wong was sued by The Star Gold Coast Casino for gambling debts amounting to $38 million. The Supreme Court of Queensland now orders him to repay the same amount.
Billionaire Wong Yew Choy Lost $43 Million During His Week-Long Losing Streak
The total value of Wong Yew Choy’s assets is yet to be disclosed. His net worth is expected to be in billions of dollars.
Moreover, Wong Yew is more recognized as a Singaporean high roller and pro-gambler. He made headlines after accumulating a substantial gambling debt at Star Casino Gold Coast, Australia.
Apparently, Yew Choy was invited to The Star Casino in July 2018. Then, he was the director of Celton Manx, a billion-dollar online gambling and sports betting company.
There, he incurred a loss of $47 million in baccarat, which was later reduced to $43 million.
Wong did not settle his account at that time and he is now facing court and legal procedures continuously until 2024.
The Supreme Court has ordered him to pay $38 million to the Casino. However, the Singaporean billionaire’s statement has yet to be released.
Currently, Wong Yew Choy is about 61-year-old, and his current net worth is not precisely recorded.
Because of his unsettled legal procedures and transactions, some people excessively scrutinize Wong Yew Choy’s financial status.
After his gambling and debt scandal, Choy left his position as director at SBOBET. Despite all the problems and law orders, some claimed that Wong Yew Choy is living a lavish life, continuing his old habits of betting and spending money.
Additional Information
- It is specualted that Wong Yew Choy is a married man. However, there is no information regarding his wife, children, and family.
- Wong gambled and bore a $43 million loss in 7 days, from July 26 to August 2, 2018.
- Singaporean gambling whale Dr Andy Wong is another person who was in the same debt as Wong Yew Choy in 2018.
