A London casino has lost its case against the National Bank of Abu Dhabi (NBAD) after it tried to make the bank pay the debts racked up by a client.
Grosvenor Casinos attempted to pursue the bank for more than £7 million in cheques from one of its customers that bounced, the Times reports.
According to the newspaper, high rolling Ahmed al-Reyaysa may have gambled £99 million in 18 months.
But he also wrote out two cheques for £3.07 million and £3.6 million in order to buy chips at the Clermont Club, a casino owned by Grosvenor, between December 1999 and February 2000.
But after gambling it all away playing roulette, the cheques bounced.
Although the Grosvenor won a repayment order against Mr al-Reyaysa, because he is now located in the UAE, it can not be enforced.
The casino claimed that a NBAD employee had told its own bank, NatWest, that it would honour the cheque, but a judge at the High Court ruled against the Grosvenor, saying NBAD had not meant to be dishonest.
He also found that NBAD was not liable for the debt under international banking codes.
A London casino has lost its case against the National Bank of Abu Dhabi (NBAD) after it tried to make the bank pay the debts racked up by a client.