Pandemic-hit Macau casinos look to play the long game with cash pile
Farah Master and Scott Murdoch, Reuters
Posted at May 01 11:03 AM
HONG KONG - Light on debt and cash rich, Macau's Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Such a jolt could sink most companies - a risk not taken lightly by global policymakers who have delivered various measures over the past two months to help cushion corporate losses.
Read more »