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.
Understatement of the Day: The Fed Notes “Lack of Progress” on Inflation
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In addition to the usual Fed boilerplate FOMC statement, today it added
"There has been a lack of further progress toward the Committee’s 2 percent
inflati...
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