Here comes the gossip. The chairman of a film and television company with a market value of over 10 billion yuan has been sued by a Macau casino for 4.73 million yuan in debt. Once the news broke, the entire internet exploded.

He is Yu Dong, founder of Bona Film Group, vice chairman of the China Film Association, with nearly 50 related companies under his name. But on March 10, 2026, he became the “debtor” listed in the lawsuit filed by Wynn Macau.
The lawsuit was leaked from the Hong Kong High Court, with a clear timeline. On May 1, 2024, Yu Dong borrowed 10 million Hong Kong dollars from Wynn Macau, agreeing to repay by the 16th of the same month. He didn’t repay it. By November 2024, he paid back part of it, leaving 5.73 million yuan. He delayed again until January 2026, issued a check, which was returned by the bank. On February 1, 2026, he paid another 1 million yuan, leaving 4.73 million yuan unpaid. Wynn Macau couldn’t wait any longer, and on March 3, 2026, a lawsuit was filed in Hong Kong court.
4.73 million yuan, for someone like Yu Dong, a “film industry tycoon,” shouldn’t be a problem. But the reality is, he can’t pay it back. Even more bizarre is that this debt occurred in Macau: gambling debts there are legal, but not protected by law on the mainland.
Multiple companies under Yu Dong’s name have had their shares frozen by judicial authorities. In March 2025, the Beijing Second Intermediate People’s Court froze 137 million shares of Bona Film Group, accounting for 48.7% of his personal holdings. In October 2025, the Urumqi Tuchunhe District People’s Court in Xinjiang froze nearly all of his shares—282 million shares. These freezes seem to indicate that his personal financial chain has long been broken.
Bona Film Group is also struggling. This film giant listed on the A-share market in 2022 saw its stock price drop from a high of 15.23 yuan per share to 7.67 yuan—a decline of over 40% in a month. The financial results are even more painful: three consecutive years of losses, totaling over 2.6 billion yuan.
Yu Dong is no stranger to crossing the line. In 2022 and 2023, he illegally used more than 200 million and 260 million yuan of non-operating funds respectively, and had already received regulatory warning letters. At that time, he was the “actual controller” of the listed company but treated it as his personal “cash machine.”
Now, with his personal gambling debt exposed, a new issue has been brought to the forefront: could the personal financial crisis of the actual controller of a listed company “drag down” the company? Forcing minority shareholders to share the burden? A gambling quagmire involving an actual controller is dragging a listed company deeper into the vortex.