HONG KONG, July 20 -- Hong Kong actor Jacky Heung has settled a gambling debt that recently landed him in legal trouble with a Macau casino operator, South China Morning Post (SCMP) reported.

On Wednesday, MGM China confirmed that the issue had been resolved and legal proceedings were dropped, just a day after it was reported that its subsidiary MGM Grand Paradise had filed a writ against the actor in the Hong Kong District Court.

"The matter involving Mr Jacky Heung Cho arose from a credit guarantee he provided for a third party. Due to overdue payments not being made, MGM China subsequently initiated standard legal procedures to address the related matters," the casino group said in a statement, as cited by SCMP.

The court document f...