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In mid to late 2016 the Brisbane Racing Club announced the appointment of a man named Khiam Soon Basil Jong – known in Australia as Basil Jong – as the club’s new Chief Financial Officer (CFO).

It was a most curious appointment, for Basil Jong had previously served for many years as a board member and Director of a Singapore registered  but Malaysian owned company named Lasseters International Holdings, a multinational firm with revenues of over AUD $66 million dollars.

If the name Lasseters sounds familiar it is because until recently the company owned and managed the Alice Springs Casino, Hotel and Convention Centre, and was at the time major player in the Australian poker machine and gaming industry.

In addition to his board role with the parent company the Melbourne educated Basil Jong had also been a Director of a number of the company’s various gaming and property development subsidiaries, including the exclusive Cypress Lakes Country Club and Gold Resort in the Hunter Valley region just down the road from the famous Coolmore, Darley and Widden thoroughbred breeding farms.


Given this background, and the fact that we was held in high regard by the board of Lasseters, it appeared to be a most curious move by the long-time interstate resident Jong to seek and accept employment with the Brisbane Racing Club, and left well-informed observers scratching their heads and asking ‘why?’.

I’ll tell you why.

Poker machines, and the secret plans of the BRC Directors to acquire one of the integrated resort development casino licences vacated by the faux Aquis Cairns Casino and Southport Casino developers who abandoned their false promises and mirrored dreams to build palaces the moment that the additional licences were approved, and before the Office of Gaming Regulation could conduct probity investigations that might uncover the company principal’s roles as major international money launderers.

In mid-August we began publishing an ongoing series of exposes about the deep vein of corruption running through the Brisbane Racing Club and started naming names. We also published our well-researched and informed opinion that behind all the shams stood a grand plan to obtain one of the vacated casino licences – almost certainly on the basis of constructing an integrated resort on BRC land, most likely at Doomben – and turn the racetracks into what we colloquially described as pokie barns.

Two weeks after we began publishing this series of exposes Basil Jong suddenly and abruptly resigned from his role as Chief Financial Officer at the Brisbane Racing Club*.

The next day a company named the Silver Heritage Group, which built and operates casinos in India, Nepal and Vietnam, made a market announcement to the ASX that Basil Jong had been appointed as their new Chief Financial Officer with effect from 6 November 2017, which ironically is Melbourne Cup eve.


The reasons for Basil Jong’s departure from the Brisbane Racing Club is unknown, and to date the club has made no announcement about his resignation from the CFO role, but our suspicion is that Mr Jong is a very clever man indeed.

Smart men don’t stay aboard sinking ships.

Don’t you worry about that.