Good news, bad news

Good news for Caesars Entertainment: Macanese gaming magnate Galaxy Entertainment Group wants to buy a golf course. Caesars has a $578 million one it desperately wants to unload. Bad news for Caesars, Galaxy wants a course that’s on nearby Hengqin Island, not in Macao proper, where Caesars Golf sits. Amazing place, Macao: Where else could you hear a company like Galaxy casually talk about investing $7.7 billion into the third and fourth phases of a gargantuan casino resort? That would be deemed insanely risky in Las Vegas but, for Macao, it’s business at usual.

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