Crown chases down $8 mln China VIP debt

    Crown Casino is seeking to force a Chinese VIP gambler who lost almost $8 million over two weeks to pay back his debt. The company, headed by James Packer, has initiated action in the Supreme Court of Victoria. The debt dates back to 2011. The company originally gave Zhao Li a $6 million line of credit in July of that year on condition it be repaid within 20 days. The limit was subsequently raised several times and Li acknowledged the debt by signing credit markers issued by the company. At the end of Melbourne Cup day in November, he left the casino owing $6.89 million, which has risen to $8 million due to interest. Li has not responded to repeated requests from Crown to repay the debt.