Casinos Are Taking Out Insurance Policies Against Gamblers
September 2, 2015 in Daily Bulletin
Casinos are buying abduction insurance in China’s gambling center, Macau, writes Mark Rivett-Carnac:
- Due to economic concerns more people are racking up gambling debts that moneylenders get repaid through kidnappings.
- Gamblers are normally abducted from their hotel rooms, meaning that hotels are potentially liable for what happens.
- Therefore hotels are taking out insurance policies – if their guests get kidnapped, the insurance company will pay.
- This comes at an awkward time for Macau which is already dealing with falling visitors as a result of China’s anti-corruption drive which has made people worried about displaying wealth.
Read more here.
Source: Time
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