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Genting Hong Kong had leveraged itself pretty thin as it looked to build a fleet of highly advanced casino cruise ships capable of operating in different bodies of water. It spent the past couple of years investing heavily in its seagoing operations, expecting to launch one after another over the course of a few years. The coronavirus had different plans, though, and forced the company to keep its floating casinos docked. This has already led to major shortfalls in revenue and Genting HK has been scrambling everywhere possible to try to limit the financial damage. Things are apparently getting more desperate, and its chairman, Lim Lok Thay, is making a play he hopes will never have to be called in. He’s putting almost his entire company stake on the line.

FROM OUR FRIENDS AT COINGEEK

Bitcoin Association Founding President Jimmy Nguyen took the virtual stage at The Future of FinTech Digital Conference on August 20, where he—along with other speakers—discussed “the future of payments”.

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