Degree Type

Thesis

Date of Award

2017

Degree Name

Master of Science

Department

Apparel, Events and Hospitality Management

Major

Hospitality Management

First Advisor

Tianshu Zheng

Abstract

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.

DOI

https://doi.org/10.31274/etd-180810-5273

Copyright Owner

Fanli Zhou

Language

en

File Format

application/pdf

File Size

42 pages

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