Wynn Resorts Is Suing High-Roller for Alleged Unpaid Millions of Gambling Debt

Gambling giant Wynn Resorts has filed a lawsuit against Simon Pan, a Chinese-born former brothel owner with alleged links to organized crime. Wynn claims that Pan, who now lives in Melbourne, Australia, has gambled more than HKD 17.8 million ($2.26 million USD) from December 31, 2025, to January 6 this year at the company’s flagship Macau venue, generating hundreds of thousands of dollars in debt, which he hasn’t paid. What Is Wynn Suing For? According to filings submitted by Wynn to the Victorian Supreme Court in Australia, interest on the credit line was set at up to 18%. The casino group is also seeking repayment of the borrowed money and any costs of collection, such as attorneys’ fees, collection fees, and court costs. Pan’s gambling spree was partly financed by a HKD 2 million (about $256,000) loan from Wynn, which he allegedly never repaid, after ending the trip with a HKD 1.4 million ($179,000) deficit. Casinos often extend lines of credit to high rollers who wager hundreds of thousands of dollars per visit, as in the case of Pan. This is done both to mitigate the personal security risks associated with carrying large sums of cash and to ensure they can continue gambling even after exhausting their available funds. In other news about Wynn, the company’s Q3 revenue fell 8% to $1.69 billion, but officials say the company still maintained good operational discipline in all regions it operates. Pan Has a Colorful History with Other Casinos It’s not the first time Pan has been involved in controversies related to his casino adventures. His connections to Crown and Star Entertainment through his work as a junket operator made him a central figure in casino inquiries in Victoria and New South Wales. Those investigations found that both casino groups had breached gambling laws by allowing high-rollers to exchange blank checks for casino chips. Speaking of the Star, a couple of weeks ago, the casino was slammed with an AUD 260 million ($182.5 million) fine due to anti-money laundering and counter-terrorism failings. Back to Pan, a 2019 joint investigation by 60 Minutes, The Age and The Sydney Morning Herald revealed that Crown had paid Pan to attract high-rolling gamblers to its Australian casinos since 2011. The investigations also raised concerns over allegations that he had used the casino to launder proceeds from his ownership of the 39 Tope brothel in South Melbourne. Star subsequently banned Pan from their casino and updated his rating to “critical.” In addition, last year, the Victorian County Court found that Pan had breached credit laws and operated without a license by lending AUD 1.8 million (about $1.23 million) to a Chinese national to fund baccarat gambling at the Star and Crown casinos between 2017 and 2018.