Sunday, August 22, 2010

News Update Seafood boss loses $26m Casino says it does checks before giving credit to gamblers

Mr Henry Quek is managing director of seafood distributor Far Ocean Sea Products.


THE businessman who lost over $26 million at the casino in Resorts World Sentosa (RWS) helms one of Singapore's biggest seafood distributors.
Mr Henry Quek is the managing director of Far Ocean Sea Products, a seafood processing and trading company operating out of Fishery Port Road in Jurong.
The businessman, who is in his 50s, is also the president of the Seafood Industries Association Singapore, a group which comprises local companies that process, manufacture and trade in seafood.
Mr Quek lost the money during a three-day gambling spree in June, according to a MediaCorp report earlier this week, which did not name him.
Contacted by The Straits Times yesterday, Mr Quek declined comment.
A friend who did not want to be identified, however, said he understands that the businessman was staring at much higher losses at one stage during the gambling spree, but managed to claw some back.