China’s corruption crackdown takes toll on Macau’s US-owned casinos

MACAU, China — On a recent night, the Venetian Macau, the world’s largest casino, looked like it was hitting the jackpot. Thousands of people were testing their luck. Thousands more were shopping and watching tourists ride gondolas inside the hotel resort, just a short ferry ride from Hong Kong. But looks can be deceiving. The Venetian…

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Gates Capital Returns 32.7% Tries To Do “Fewer Things Better”

Gates Capital Management's Excess Cash Flow (ECF) Value Funds have returned 14.5% net over the past 25 years, and in 2021, the fund manager continued to outperform. Due to an "absence of large mistakes" during the year, coupled with an "attractive environment for corporate events," the group's flagship ECF Value Fund, L.P returned 32.7% last Read More

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