Macau hotel rips up trademark gold bricks for $13 million payoff

Opened in 2006 in the semi-autonomous casino city, the hotel was known for its opulent "golden pathway", showcasing dozens of one-kilogram bars of gold studded into its entrance hall floor. The feature had aimed "to create a sumptuous and resplendent atmosphere", the hotel's parent company said in a filing Wednesday. But with the price of gold leaping in recent months as investors seek safe havens in turbulent geopolitical times, the company said it had recognised "a good opportunity". The decision...