Author(s)

Chaoqun Chen

Jinan University, Guangzhou, China.

This study identifies and decomposes the impact of China’s central anti-corruption on Macau’s gaming industry by examining the quarter revenue data of six gaming companies from 2010 to the third quarter of 2017. The analysis results show that the negative impact of the anti-corruption campaign on the revenue of Macau’s gaming industry is lagging behind, and the strengthening of anti-corruption efforts since the establishment of the 18th Central Committee of the Communist Party of China has caused clear externality. The effect remains significant after excluding the influences of macroeconomic factors, the Brazilian World Cup, and the Asia gaming industry competition. For the impact mechanism, the effect is mainly determined through the per capita gaming of Macau visitors instead of the number of gamers. This study provides empirical support for research on the externality of anti-corruption.

Anti-Corruption, Macau, Gaming Industry

Chen, C. (2018) The Impact of Anti-Corruption on Macau’s Gaming Industry: An Externality Analysis. Chinese Studies, 7, 144-154. doi: 10.4236/chnstd.2018.72012.