Casino debts are not something uncommon in the gambling world, but there is a recent case which raises the importance of solving such issues on time. A casino player has made an attempt to reduce the size of his £470,000 (US$608,704) debt, which he had managed to amass at Les Ambassadeurs Club in Mayfair.
The international player is called Azam Kolia and he claims that he has the full right to talk the casino operators into reducing the sum of his debt. The Singapore resident has been a regular customer of the historic casino located in the heart of London and he has lost quite the amount there. One of the times in question, towards the end of 2012 he spent about £2.6 million (US$3,367,299) and lost £2.4 million (US$3,108,276) in the span of a single night at the casino. Moreover, cheques he had issued to the casino have bounced, which have led to the decision of the casino operator to sue Mr. Kolia.
The historic Les Ambassadeurs Club in London also houses the Les A Club casino, which is where the Singaporean player has spent the impressive amount of money. This Monday brought more news regarding the issue since there was a preliminary hearing at the High Court which shed more light on the case of Azam Kolia and his attitude towards casino playing. Mrs. Justice Jefford said that for the time being, Mr. Kolia’s assets are going to remain frozen until there is further development of the problem. The offer of settlement of the debt has come very recently from him, but he has not managed to pay it yet.
At the hearing, there was also a barrister working at the casino present. Daisy Boultier was representing Les Ambassadeurs Club and she revealed more details about the Singapore resident. The international casino player enjoyed playing for high stakes and was an overall prolific casino player. He was not present at the hearing, but the casino employee succeeded to describe his character very well. According to her, Mr. Kolia had traveled the world and played in casinos at numerous locations, some of which the Philipines, London, and Australia. At the time when he amassed the debt, the casino player was staying at The Ritz hotel in London and was using a bank account in Bournemouth, Dorset.
Azam Kolia reportedly has a home in Singapore, but he is also a very frequent traveler and when the time to serve him the documents for the hearing came, he was nowhere to be found. Contacting him and keeping in touch was also a hard task for the lawyers. Currently, there are no details about the occupation of the casino player who is being sued, as well as any information regarding his assets.