Boyle, T.B. (2012) Is the Gaming Industry in Macao, China Sustainable?

This research showed how quickly the gaming market has grown in Macao, China after going from a monopoly to an oligopoly market. In addition, the research showed how the Chinese Government played an important role in development. At the time of the writing the authors in the literature review, were predicting the future of Macao. With time and financial statements, the predictions were incorrect. The literature stated there was a doubt about the growth in Macao; however, the gaming market has grown in Macao, while under construction. Convention tourism is another market Macao could explore. Learning what Las Vegas and other destinations did correct and wrong will allow more knowledge and different approaches to be taken by the gaming industry. The Chinese Government manages the supply therefore the Chinese Government manages the gaming competition. When the Chinese Government issued the three concessions, they probably did not expect the reaction to be so over- whelming. Now the government needs to play catch-up with the infrastructure of Macao and Cotai, they have the monetary resources but could have trouble with the human resources. Hopefully the dealers and construction employees will not look at the short-term monetary reward they will receive but will take the opportunity to build themselves a career and/or further their education. Looking at the past financial figures in a five-year block shows that even with construction on going Macao was and should be sustainable. Macao’s infrastructure needs to be addressed and the competition in other Asia Markets needs to be constantly examined.