• With New Bridge and Resorts, Macau's Retail Prospects Expand

    27 days ago - By WWD

    MACAU - After weathering a two-year-long downturn, Macau is enjoying the good life once again.
    One of the hardest hit regions when Beijing instigated its anti-corruption crackdown in 2014, scattering high-rolling gamblers and their luxury purchases with it, the city by every key metric - tourist visitation, gambling revenue, and retail sales - is on the rise once more.
    Since barely eking out positive data in late 2016, retail sales have ramped up to double-digit, year-over-year growth this year. In the second quarter, citywide sales leapt 24 percent compared to a year ago.
    It appears to be...
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