How anti-corruption policy of mainland China affects Macau gaming industry

dc.contributor.advisor Tianshu Zheng
dc.contributor.author Zhou, Fanli
dc.contributor.department Apparel, Events and Hospitality Management
dc.date 2018-08-11T19:08:19.000
dc.date.accessioned 2020-06-30T03:04:12Z
dc.date.available 2020-06-30T03:04:12Z
dc.date.copyright Sun Jan 01 00:00:00 UTC 2017
dc.date.embargo 2001-01-01
dc.date.issued 2017-01-01
dc.description.abstract <p>Macau has grown to become one of the famous gambling centers around the world. However, China’s anti-corruption policy challenged Macau and led Macau to a significant gaming revenue decline. This study applied seasonal autoregressive integrated moving average (SARIMA) with intervention analysis to examine Macau’s quarterly gross gaming revenue, VIP baccarat revenue, and slot coin-in revenue from the first quarter of 2005 and last quarter of 2016 and determined the Macau gaming industry was affected by the anti-corruption policy. SARIMA models on three-time series were fitted by SAS time series forecasting system. The results showed that gross gaming revenue, VIP baccarat revenue, and slot coin-in revenue were significantly affected by the anti-corruption policy of mainland China. The findings of this study could be an initial empirical study for analyzing and forecasting Macau gaming industry performance when a policy event happened.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/etd/15478/
dc.identifier.articleid 6485
dc.identifier.contextkey 11054882
dc.identifier.doi https://doi.org/10.31274/etd-180810-5273
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath etd/15478
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/29661
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/etd/15478/Zhou_iastate_0097M_16513.pdf|||Fri Jan 14 20:41:32 UTC 2022
dc.subject.disciplines Gaming and Casino Operations Management
dc.subject.disciplines Public Administration
dc.subject.keywords anti-corruption
dc.subject.keywords gaming industry
dc.subject.keywords intervention analysis
dc.subject.keywords Macau
dc.subject.keywords SARIMA
dc.title How anti-corruption policy of mainland China affects Macau gaming industry
dc.type article
dc.type.genre thesis
dspace.entity.type Publication
relation.isOrgUnitOfPublication 5960a20b-38e3-465c-a204-b47fdce6f6f2
thesis.degree.discipline Hospitality Management
thesis.degree.level thesis
thesis.degree.name Master of Science
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