Major hotels, resorts and casinos in Macau are banking on lucrative insurance policies to guard against the abduction of wealthy or celebrity guests amid a rise in the number of kidnappings over unpaid gambling debts.
A top Hong Kong insurance broker said all major hotels and casino groups in Macau had expressed interest in specialist risk insurance to mitigate the fallout from any high-profile incident.
Counting on Correlation
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FEEDOne of my more painful members as a trader was from many years ago, in
which I had been aggressively bearish against the Chinese market. I forget
the p...
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