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Macao Dragon’s debts could exceed USD1.28m

Bankrupt ferry operator Macao Dragon could owe more than HKD10 million (USD1.28m) to creditors, including thousands of tickets sold on group-buying websites Beecrazy and Groupon.

The bankruptcy, announced on Wednesday night, affected 1,475 ticketholders for yesterday’s aborted sailings to and from Macau.

A spokeswoman for Beecrazy indicated that all 64,000 ticket vouchers bought through its site or the Yahoo Beecrazy portal by about 8,000 customers would be fully refunded by the group-buying site. Groupon HK also said that full refunds would be given.

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(Source: scmp.com)