Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Business and Policy Studies
Series Vol. 16 , 13 September 2023
Open
Access | Article
Analysis of the Impact of COVID-19 on Macao's Gambling Industry
* Author to whom correspondence should be addressed.
Abstract
Macao, known as the "Monte Carlo of the East" and the "Las Vegas of Asia", has suffered a huge impact and unprecedented impact from the COVID-19 pandemic since its return to China. The negative impact of the pandemic has hampered the flow of people, reducing the number of tourists to Macao and the profitability of related industries, which has affected the revenue of Macao's gambling industry. This study used data research to study Macao's gambling industry and analyzed the impact of COVID-19 on Macao's gambling industry through relevant data before and after the epidemic, obtained from the Macao Bureau of Gaming Supervision, the Macao Bureau of Statistics, news media, and other channels. In addition, according to the current situation in Macao, if the gambling industry wants to recover from the status quo of difficult long-term development caused by the single industrial chain and the impact of physical casinos caused by the epidemic, it is necessary to clarify the development ideas, improve the industrial chain, and establish a diversified industrial system.
Keywords
COVID-19, Macao gambling industry, Macao tourism, development strategy
References
1. Yuan C.P. and Liu Y.: Analysis on The New Characteristics and Internal Diversification Development Strategy of Macao Gambling Industry. Hong Kong and Macao Research, 1st issue of 2016.
2. Macao Bureau of Statistics and Census (https://www.dsec.gov.mo/zh-MO/)
3. Un M.K.: Research of the sustainability of Gaming Industry for Macao SAR, P17
4. Un M.K.: Research of the sustainability of Gaming Industry for Macao SAR, P44
5. Yuan C.P. and Liang W.: To promote sustainable economic development of Macao through cooperation with Hengqin. Journal of South China Normal University (Social Science Edition), No.4, 2013, P75: P67-76, P160
6. Zuo L.C. and Liu J.: Implement Appropriate Diversification Strategy to Promote Sustainable Economic Development of Macao. Economy of Guangdong, Hong Kong and Macao, Vol.25, No.9, Sep.2009, 1002-0594（2009）09-0039-04
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-915371-75-1
- ISBN (Online)
- 978-1-915371-76-8
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/16/20230993
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited