Macau’s Economic Contraction Eases as Gambling Slump Abates

Updated on
  • Eighth consecutive quarterly GDP decline narrows to 7.1%
  • Signs of casino revenue bottoming amid shift to mass market

Macau’s two-year economic downturn continued to ease in the second quarter as a gambling slump in the Chinese city, home to casino units of Las Vegas Sands Corp. and Wynn Resorts Ltd., showed signs of nearing a bottom.

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