Macau’s Economic Contraction Eases as Gambling Slump AbatesBy
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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