Macau hotel rips up trademark gold bricks for US$13mil payoff


MACAU, (China): The Grand Emperor Hotel in Macau said it had ripped up the real gold bricks from its distinctive lobby floor and sold them for around US$13 million, cashing in on the metal's market surge.

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.

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