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Macau's gambling junkets risk losing their game
Jul 8th 2012, 22:45

MACAU (Reuters) - The shadowy companies that bring China's millionaires to the gambling tables of Macau are facing their toughest time since the 2008 collapse of Lehman Brothers, and some of the smaller players may soon drop out of the game for good. These junket operators, who extend credit to rich gamblers and then collect any debts in exchange for a hefty commission, bring in about 70 percent of gambling revenue in Macau, the world's most profitable gaming destination. They accounted for $22 billion in revenues last year when business was booming. Finance Companies and Corporations Hong Kong Stock Market NASDAQ Credit Ratings Dining and Drinking Restaurants Sheldon Adelson Lehman Brothers...

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