Gambling Industry in Macau

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Gambling industry is the main pillar industry of Macau, and it has been dominating the economic development for a longtime, the gambling industry contributed 40.9% of Macau's GDP in 2010. Besides the Macau government has announced that gambling and travelling is the main direction of economic development. Macau is the only place that gambling industry is legalized in China and the number of mainland city that can apply for personal travelling endorsement is increasing, these factors may attract more and more people to visit Macau. And after the SAR government officially signed awarded three temporary gambling concession contracts to Wynn Resort Ltd. , Galaxy Casino and Sociedade de Jogos de Macau, the gambling industry had a new boost, for example the gross income of gambling in 2011 reached 269058.3 million MOP and increased by 41.91% compared with 2010 (198587.8 million MOP). But, in the near future, the gambling industry of Macau will fact the challenge and threat from global economic downturn, new competitors like Singapore and Malaysia, political adjustment from central government and etc. In this project, we will analyze the monthly gross income of the gambling industry of Macau from 2002 to 2011 and other data including the number of hotel and room, hotel occupy rate, the number of visitor arrivals, tourist generating region, the number of days visitors stay and etc to find the relationship between the gross income of the gambling industry and these variable. Also, we will consider some other factors like visiting time, festival, climate, important affairs and etc. Data source: Statistics and Census Service Macau SAR Government http://www.dsec.gov.mo/Statistic.aspx Macau Government Tourist Office http://www.macautourism.gov.mo/cn/events/calendar.php The Macao Meteorological and Geophysical Bureau http://www.smg.gov.mo/www/e_index.php

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