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Gionee CEO lost $144m gambling at Imperial Pacific casino A Chinese tech tycoon is denying that his nine-figure gambling losses at Saipans Imperial Pacific casino are to blame for the near-bankruptcy of smartphone maker Gionee. Last weekend, Chinese business media outlet Securities Times published an interview with Gionee chairman/CEO Liu Lirong in which he denied reports that hed lost up to RMB10b (US$1.44b) gambling at the Imperial Pacific Resort casino on the island of Saipan. Gionee, which holds 6% of Chinas smartphone market, is teetering

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