Rolexes Pawned in Macau Signal Further Gains for Casinos

Rolexes Pawned in Macau Signal Further Gains for Casinos

Jerome Favre/Bloomberg

Pedestrians walk past pawnshops in Macau. Macau’s pawnshops provide instant credit to gamblers who run out of cash, in contrast to their role until the 1960s as a bank for the poor and a place for the rich to store their valuables.