Retail in Asia

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Macau sees surge in gambling revenue in Apr

Gambling revenue in Macau, the world’s biggest gambling destination, surged 21.9 percent to MOP25 billion (USD3.13b) in April, in line with analyst forecasts, after the opening of a new USD4 billion casino drew strong demand from deep-pocketed Chinese visitors.

A tiny enclave off China’s southern coast, Macau’s booming casino town has been a goldmine for US casino giants such as Las Vegas Sands, which have reaped stellar profits from their Macau subsidiaries.