Latest news with #JackyHeung
Malay Mail
a day ago
- Entertainment
- Malay Mail
MGM China confirms Hong Kong actor Jacky Heung's HK$.1.4m casino debt fully repaid
HONG KONG, July 20 — Hong Kong actor Jacky Heung has settled a gambling debt that recently landed him in legal trouble with a Macau casino operator, South China Morning Post (SCMP) reported. On Wednesday, MGM China confirmed that the issue had been resolved and legal proceedings were dropped, just a day after it was reported that its subsidiary MGM Grand Paradise had filed a writ against the actor in the Hong Kong District Court. '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,' the casino group said in a statement, as cited by SCMP. The court document filed on July 3 alleged that Heung had borrowed HK$2 million (RM1.08 million) from the casino on December 1, 2023, converting the amount into betting chips. He allegedly repaid only part of the sum, leaving an outstanding HK$1.4 million. While MGM's statement claimed Heung had acted as a credit guarantor, this was not mentioned in the writ, SCMP noted. The casino operator stressed that it usually refrains from commenting on its internal gaming operations, but chose to clarify the matter given the public attention it attracted. 'In view of the inconvenience and distress this incident has caused Mr Jacky Heung Cho, our company sincerely requests that all inaccurate or speculative reporting be curbed,' it added. Jacky Heung, 40, is the eldest son of veteran film producer Charles Heung, the founder of China Star Entertainment. Known for his roles in martial arts films, Heung has in recent years shifted his focus to mainland China, participating in variety shows and building a presence outside Hong Kong. Heung married Taiwanese actress and model Bea Hayden (Guo Biting) in 2019. The couple have two children.
New Straits Times
3 days ago
- Business
- New Straits Times
#SHOWBIZ: HK actor Jacky Heung settles RM757k debt with Macau casino
HONG KONG: Actor Jacky Heung was recently sued by Macau casino operator MGM China over an outstanding gambling debt of HK$1.4 million (approximately RM757,181), according to a court document filed earlier this month. However, the casino giant has since confirmed that the debt has been fully settled and all legal proceedings terminated, as reported by the South China Morning Post. According to court document, Heung borrowed HK$2mil from MGM Grand Paradise, a subsidiary of MGM China, on Dec 1, 2024, which was then converted into betting chips. It also said that the 40-year-old, who is the son of Hong Kong actor Charles Heung, had only repaid some of the money and owed the casino HK$1.4mil. "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 in a statement on Wednesday. "Recently, all payments have been fully settled, and the corresponding legal procedures have been terminated. "But in view of the inconvenience and distress this incident has caused Mr Jacky Heung Cho, our company sincerely requests that all inaccurate or speculative reporting be curbed," the statement added. Jacky Heung, acting as a credit guarantor, was not mentioned in the court document.
The Star
4 days ago
- Entertainment
- The Star
Jacky Heung sued over RM757K gambling debt, case now settled says Macau casino
Photo: Jacky Heung/Instagram Hong Kong actor Jacky Heung (pic) was sued by Macau casino operator MGM China for an outstanding gambling debt of HK$1.4mil (RM757,181), according to a court document filed earlier this month. The casino giant has since confirmed the debt has been fully settled and all legal proceedings have been terminated, reported South China Morning Post. According to court document, Heung borrowed HK$2mil from MGM Grand Paradise, a subsidiary of MGM China, on Dec 1, 2024, which was then converted into betting chips. It also stated that the 40-year-old, who is the son of Hong Kong actor Charles Heung, had only repaid some of the money and owed the casino HK$1.4mil. '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 in a statement on Wednesday. 'Recently, all payments have been fully settled and the corresponding legal procedures have been terminated. But in view of the inconvenience and distress this incident has caused Mr Jacky Heung Cho, our company sincerely requests that all inaccurate or speculative reporting be curbed," the statement added. Jacky Heung acting as a credit guarantor was not mentioned in the court document, according to SCMP.
Hype Malaysia
5 days ago
- Entertainment
- Hype Malaysia
MGM China Clarifies Reports Of Actor Jacky Heung Getting Sued For Failing To Repay RM700k Debt
Despite the glitz and the glamour, some stars have fallen into debt due to poor spending habits and addiction. Recently, rumours circulated that MGM China sued Hong Kong actor Jacky Heung (向佐) for failing to repay a massive debt. Reports of the issue emerged earlier this week, alleging that the actor was facing legal action from MGM China Holdings after failing to repay a loan taken from a Macau casino in December 2024. According to reports, Jacky borrowed HK$2 million (approximately RM1.08 million) from the casino in the form of gaming chips, with the stipulation to repay the full amount on the same day. However, months have passed since the day, and Jacky now allegedly owes the company HK$1.4 million (approximately RM759,000). As there has not been any repayment, MGM filed a claim in the Hong Kong District Court for the outstanding amount plus interest. The loan agreement states that the company is entitled to collect interest at an annual rate of 18%, calculated from the date of borrowing until the debt is repaid in full. The lawsuit garnered media attention because of Jacky's status as an actor and his family background. The 41-year-old is the son of renowned HK actor and director Charles Heung (向華強) and film producer Tiffany Chen (陳嵐). Thankfully, it appears that the case has been settled, as MGM China revealed yesterday (Tuesday, 15th July 2025) that the debt has been fully repaid. The lawsuit against Jacky has also been dismissed. The statement clarified that Jacky acted as a guarantor for a third party in the loan and that the legal action was standard procedure to resolve the issue. Unfortunately, this particular case attracted too much attention, which caused inconvenience to the actor and his image. As such, MGM China has urged all parties to refrain from spreading inaccurate information. Additionally, the company wouldn't issue any further comments on the matter. Jacky has yet to address the matter, but we're glad the issue was resolved quickly and didn't escalate into something bigger. What are your thoughts on this? Sources: Dimsum Daily (1)(2)
South China Morning Post
6 days ago
- Entertainment
- South China Morning Post
Hong Kong actor Jacky Heung sued by Macau casino over HK$1.4 million debt
Hong Kong actor and model Jacky Heung is being sued by a Macau casino operator for allegedly racking up at least HK$1.4 million (US$178,000) in gambling debts following a visit to the gaming hub last December. Advertisement In a writ filed with the Hong Kong District Court, MGM Grand Paradise said Heung had borrowed HK$2 million on December 1, 2024, from the operator of the MGM Macau and MGM Cotai casino hotels and converted the money into betting chips. Under the terms of the loan, Heung was required to repay it on the same day. But the company alleged that the 40-year-old actor had only paid back some of the money and still owed the casino HK$1.4 million. The contract also stated that the casino could charge an annual interest of 18 per cent on Heung's loan until the date of repayment. Advertisement According to the writ filed on July 3, the actor had accrued another HK$6,630 in costs since last December.
