Essays on Socioeconomic Impacts of Gambling in Macau Capstone Project

Download full paperFile format: .doc, available for editing

The paper "Socioeconomic Impacts of Gambling in Macau " is an outstanding example of a macro & microeconomics capstone project. The growth of the gambling industry in Macau has been massive since its legalisation in 2002. Given the amount of money involved in gambling and large transfers of cash, the impact on the economy and society cannot be ignored. The gambling industry in Macau currently has an international reputation, and this has attracted visitors from neighbouring China as well as from the world. The changes are taking place in the gambling city call for an assessment of the impacts taking place in the zone itself.

A socio-economic profile of Macau before and after the introduction of gambling shows the development that has taken place as well as the effects of the development. There have been major economic milestones though accompanied by equally substantive social costs to the community of Macau. The purpose of this report is therefore to highlight the social and economic impacts that affect the gambling industry in Macau. Socioeconomic Impacts of Gambling in Macau 1.0 Introduction The present decade has seen a change in the perception of gambling form being viewed as a vice to possessing an entertainment value (Makharm and Young, 2015).

Gambling primarily involves staking something of value with full knowledge of the risk involved and the hope of gaining in the outcome of an event. The practice of gambling has been seen in almost every historical society as evidenced by anthropologists’ studies on markings on tombs and ancient stones. Organised gambling done on a larger scale and sanctioned by governments began in the 15th century followed by legalised gambling and betting houses in the 17th century.

The current century has also witnessed an enormous increase in the number of gamblers leading to the highlight of the diagnosis of pathological gambling. The growth of gambling has additionally undergone a labelling process from being seen as a moral failure to an event that brings entertainment (Makharm and Young, 2015).



Boley, B.B., McGehee, N.G., Perdue, R.R. and Long, P., 2014. Empowerment and resident

attitudes toward tourism: Strengthening the theoretical foundation through a Weberian

lens. Annals of Tourism Research, 49, pp.33-50.

Bulmer, M., 2015. The Uses of Social Research (Routledge Revivals): Social Investigation in

Public Policy-Making. Routledge.

Chan, C.C., 2014. The psychology of gambling and gambling treatment. In A keynote address to

the 2nd Macau Medical Association Forum-MMAF, Macao SAR, China.

Chevalier, J.M. and Buckles, D., 2013. Participatory action research: Theory and methods for

engaged inquiry. Routledge.

Christensen, D.R., Dowling, N.A., Jackson, A.C. and Thomas, S.A., 2015. Gambling

participation and problem gambling severity in a stratified random survey: Findings from

the second social and economic impact study of gambling in Tasmania. Journal of gambling studies, 31(4), pp.1317-1335.

Delgado, M., Porter, M.E. and Stern, S., 2014. Clusters, Convergence, and economic

performance. Research Policy, 43(10), pp.1785-1799.

Derevensky, J.L. and Gainsbury, S.M., 2016. Social casino gaming and adolescents: Should we

be concerned and is regulation in sight?. International journal of law and psychiatry, 44,


Institute for the Study of Commercial Gaming, 2016. A Study of Macao People’s Participation in

Gambling Activities. University of Macau

Markham, F. and Young, M., 2015. “Big Gambling”: The rise of the global industry-state

gambling complex.

Voss, H.G. and Keller, H., 2013. Curiosity and exploration: Theories and results. Elsevier.

Walker, D.M. and Sobel, R.S., 2016. Social and Economic Impacts of Gambling. Current

Addiction Reports, 3(3), pp.293-298.

Welte, J.W., Barnes, G.M., Tidwell, M.C.O., Hoffman, J.H. and Wieczorek, W.F., 2015.

Gambling and problem gambling in the United States: Changes between 1999 and 2013.

Journal of Gambling Studies, 31(3), pp.695-715.

Wu, S.T. and Chen, Y.S., 2015. The social, economic, and environmental impacts of casino

gambling on the residents of Macau and Singapore. Tourism Management, 48, pp.285-


Anderson, J., 2014. Match Fixing and Money Laundering.

Farber, D.A., 2015. Gambling over growth: economic uncertainty, discounting, and regulatory

policy. The Journal of Legal Studies, 44(S2), pp.S509-S528.

Ladouceur, R., Blaszczynski, A., Shaffer, H.J. and Fong, D., 2016. Extending the Reno Model:

Responsible Gambling Evaluation Guidelines for Gambling Operators, Public

Policymakers, and Regulators. Gaming Law Review and Economics, 20(7), pp.580-586.

Langham, E., Thorne, H., Browne, M., Donaldson, P., Rose, J. and Rockloff, M., 2016.

Understanding gambling related harm: A proposed definition, conceptual framework, and

taxonomy of harms. BMC public health, 16(1), p.80.

Lim, S.H. and Zhang, L., 2016. Does Casino Development Have a Positive Effect on Economic

Growth?. Growth and Change.

Tresch, R.W., 2014. Public Finance: A normative theory. Academic Press.

Vaughan Williams, L., 2017. The Journal Of Gambling Business And Economics.

Wenz, M., 2014. Casinos, gambling, and economic development: An introduction to the special

issue. Growth and Change, 45(1), pp.1-4.

Wu, S.T. and Chen, Y.S., 2015. The social, economic, and environmental impacts of casino

gambling on the residents of Macau and Singapore. Tourism Management, 48, pp.285-


Hao, Z., 2017. Social Problems in Macau. [online] Available at: [Accessed 8 Feb. 2017]. (2017). Macau Casino-Related Crime Spikes 38% in 2015 | Casino Gambling News. [online] Available at: [Accessed 8 Feb. 2017].

MACAU DAILY TIMES., 2017. Locals more aware of problem gambling, experts say. [online] Available at: [Accessed 8 Feb. 2017].

Lao, A. (2017). Problem gambling treatment centre moves | Macau Business. [online] Available at: [Accessed 8 Feb. 2017]., 2017. Casinos conflict with the culture of Sri Lanka – Relocate them elsewhere::. Latest Sri Lanka News. [online] Available at: [Accessed 3 Feb. 2017].

Christopher, B., 2015. The Economic And Social Effects of Casino Development in Macau. UNLV Dissertation, (2601) pp 16-25.

King, Y. and Wan, P., 2017. Social impacts of casino gaming in Macao: A qualitative analysis. [online] Research Gate. Available at: [Accessed 3 Feb. 2017].

Lo, T. and Kwok, S.,2016. Triad Organized Crime in Macau Casinos: Extra-Legal Governance and Entrepreneurship. British Journal of Criminology, p.azw014.

Maryann, C.,2017. College Student Gambling: Examining the Effects of Gaming Education Within a College Curriculum. Thesis 911(197), pp.29-35., 2017 The social, economic and environmental impacts of casino gaming in Macao: the community leader perspective: Journal of Sustainable Tourism: Vol 20, No 5. [online] Available at [Accessed 3 Feb. 2017]., 2017 The social, economic, and environmental impacts of casino gambling on the residents of Macau and Singapore. [online] Available at: [Accessed 3 Feb. 2017]. (2017). Tourists’ and Residents’ Perceptions Toward Casino Gaming Development in Hong Kong: Asia Pacific Journal of Tourism Research: Vol 18, No 4. [online] Available at: [Accessed 3 Feb. 2017]., 2017 Why do People Gamble Too Much?--Pathological and Problem Gambling. [online] Available at: [Accessed 3 Feb. 2017].

Arup Group Limited., 2010, Hong Kong-Zhuhai-Macao Bridge ground breaking. ARUP. Retrieved from: [Retrieved on 1st/February/2017].

Folinas, S., 2016. Gambling Tourism and Economic Development: Some Lessons from Macao. Available at, pp. 9-10 [Retrieved on 1st/February/2017].

Gaming Inspection and Coordination Bureau Macau SAR., 2015. Monthly gross revenue from games of fortune. Available at: [Retrieved on 1st/February/2017].

Guo, J., 2013. Macao’s Tourism Industry and its Dependence on Mainland China. Available at [Retrieved on 1st/February/2017].

Gertina, J. 2006. The Impact of Macao’s Gaming Industry on Family Life: An Exploration Study. Availability at : [Retrieved on 1st/February/2017].

Hao, Z., 2005. Social Problems in Macau. Available at: [Retrieved on 1st/February/2017].

Index Mundi., 2016. Macau Demographics Profile 2016. Available at: [Retrieved on 1st/February/2017].

Legislative Council Secretariat., 2014. Research Brief: Individual Visit Scheme. Research Office. Available from: [Retrieved on 1st/February/2017].

Li, X., 2010. The Way to Diversification of Macau’s Social Economy: A Study on Macau’s Cultural Tourism Development. International Journal of Trade, Economics, and Finance, vol. 1, no. 2, p. 131.

Liu, M., 2015. Macau Gambling Industry: Current Challenges and Opportunities Next Decade. Asia Pacific Journal of Marketing and Logistics, vo. 27, no. 3, p. 499.

Loi, H., 2015.The Antifragile of Macau Gambling. Macau Daily, pp. A11, available at: [Retrieved on 1st/February/2017].

Luk, A., 2013. Macau, World Capital for Gambling: A Longitudinal Study of a Youth Program Designed to Instill Positive Values. Journal of Frontiers in Public Health, vol. 1, no. 8, no. 1.

ECES., 2015. The Condition of Education. Available at : [Retrieved on 1st/February/2017].

Sevastopulo, D., 2014. Macau and credit card group crack down on illegal transactions. Financial Times, available at:[Retrieved on 1st/February/2017].

Stassen, M., 2013. Macau’s Gambling Addiction. World of Finance: The Voice of the Market. Available at:[ Retrieved on 1st/February/2017].

Statista., 2016. The Statistics Portal, Global Casino Gaming Revenue.

SkyScraperCity., 2012. General Urban Developments. Macau LRT. Retrieved from: [Retrieved on 1st/February/2017].

Wadhhwa, R. 2012. Macau’s Casino Industry: Driving the Economy. Available at:[Retrieved on 1st/February/2017].

Download full paperFile format: .doc, available for editing
Contact Us