The post Saudi Arabian Sheikh Sued Over £4m Gambling Debt appeared first on Vegas Slots Online News.
A Saudi Arabian sheikh is being taken to court by an exclusive London club over an outstanding gambling debt of £4m ($5.3m).
Sheikh Hassan Eneny, 82, is the chairman of the Eneny group, a business consortium of over 100 companies operating around the globe.
However, after initially being sent to work in London at the Saudi embassy, the Sheikh has also been a regular visitor to the legendary Les Ambassadeurs club in London, also known as Les A. Eneny became a full member in 1994 and has since been a regular at the club, which features a casino notorious for high-limit wagers.
In 2018, the casino extended a line of credit to the sheikh for £3m ($3.9m), which was later upped to £4m – seemingly trivial amounts for a man of Eneny’s means and the owner of a £15m ($20m) yacht, Il Vagabondo.
Les A claims it received a bad check, leaving it on the hook for £4m
However, on attempting to reclaim the debt, Les A claims it received a bad check, leaving it on the hook for £4m. The club was later able to recoup £200,000 ($266,600), but was eventually forced to take legal action against the sheikh in 2020.
The case is not the first time the club has struggled to retrieve missing funds after offering extensive lines of credit to its wealthy patrons. In 2021, Les A also took action against Su Yongbo, a Chinese businessman, for debts of over £10m ($13.3m). It is not even the first time it has happened involving a sheikh, with Salah Hamdan also having checks worth over £2m ($2.6m) bounce.
The club secured a judgment against Eneny in 2021, but since then the reclusive sheikh has “disappeared from view,” according to a story in the UK’s Daily Mail. The case will continue in the high court in London in two weeks.
The post Saudi Arabian Sheikh Sued Over £4m Gambling Debt appeared first on Vegas Slots Online News.
