The Man In Macau Who Lost $1 Billion

By Ian Mylchreest

Published May 16, 2014 at 12:55 PM PDT

Gamblers in Las Vegas take their money to the casino and buy chips. In Macau, it's more complicated. Currency exchange limits and other regulations mean that there are middle men, the so-called junket operators, who finance and manage the money for casino gamblers.

Now, one of the biggest junket operators has disappeared and numerous people are looking for him because he's left debts of more than $1 billion. Wall Street Journal reporter Kate O'Keeffe tells us what's going on with the hunt.

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Kate O'Keeffe, Hong Kong-based reporter, Wall Street Journal
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