Mohegan Gaming & Entertainment’s INSPIRE Entertainment Resort has teamed with the Luxury Business Institute Korea to develop a high-end retail strategy for the development. 

A recent trip by Bernstein analysts into Macau has revealed that while shopping areas within casinos were quiet overall, luxury stores were the busiest, with customers seen lining outside of stores.

Retail sales in Macau saw strong sequential improvement in the second quarter, up by 10.3 percent, totalling MOP20.7 billion ($2.5 billion), with strong sales of luxury goods.

The Macau SAR remains an attractive luxury destination in the region thanks to a mix of location, luxury hospitality and fine dining offerings, luxury consultant Daniel Langer told Asia Gaming Brief.

Shoppes at Londoner, the upscale British-style mall within The Londoner® Macao, has been honoured as the ‘Most Innovative Retail & Tourism Destination 2022’ at the prestigious ‘Global RLI Awards 2022’.

The tourism, entertainment, and luxury goods sectors are likely to underperform in China this year as the Covid lockdowns hurt the economy and depress consumer sentiment, Fitch Ratings said in a note. 

Forward Fashion (International) Holdings is seeking to take retail to the next level in Macau, with plans to introduce new concepts that will appeal both to the changing visitor profile and the domestic market. 

Forward Fashion (International) Holdings said it was collaborating with Macau’s upcoming Treasure Island Resort World Hotel to build a new luxury shopping and entertainment center, including the city’s first Galeries Lafayette, a French premium department store.

Frederic Winckler says that Asians have been playing a dominant role in the luxury market for some time, although for years this has been partially disguised by the fact that many of their purchases—indeed about two-thirds—were made overseas in Europe, Japan, and elsewhere.

Wynn Resorts said it continued to experience gradual improvement in visitation trends in the first quarter of 2021 at its Macau properties, driving premium mass casino and luxury retail revenues.