Rolexes Pawned in Macau Signal Further Gains for Casinos

Rolexes Pawned in Macau Signal Further Gains for Casinos

Daniel J. Groshong/Bloomberg

Pawnshops with a 450-year history dating back to the Qing dynasty, flourished after the government ended a 40-year gaming monopoly in 2002 and opened the market to foreign operators including Las Vegas Sands Corp. and Steve Wynn’s Wynn Resorts Ltd., seen in this photo.