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.
Planetree (0613): breach of Listing Rules: undisclosed loans to South Shore
(ex-0577) and Charles Chan Kwok Keung
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Mr Chan paid interest at 18% p.a. quarterly (19.25% APR) for the loans
totalling HK$26m granted to him in June 2021.
Source: Company announcement | Source d...
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