Business & Management Studies

Abstract

This study measured the magnitude of Covid-19’s impact on the casino gaming industry in Macau, analyzed the current Asian gaming market, and provided an overview of the industry outlook in the post-Covid era. Using the Time Series analysis techniques, statistically significant decreases in all sections of the industry have been identified and quantified. In addition, quarterly gaming revenue for the future three years were forecasted. Based on current market conditions and the results of data analyses, this study suggests that: 1) a more diversified tourism and gaming service portfolio is needed; 2) collaborations with surrounding areas need to be established; 3) Macau’s gaming industry will need to explore new markets for future sustainable growth; 4) the rebound of Macau’s gaming industry in the near future will largely depend on China’s COVID policy.