This course familiarizes students with the particular situation, the changing structure and performance of Macao’s gaming and hospitality industries. On top of explicating the significance of casino gaming in the Macao economy and conditions to ensure its sustained growth and modern development, recent progress and prospects of the non-gaming hospitality industries and their interrelationship with casino gaming since 2002 will be explored. To accomplish these objectives, historical and cultural settings, institutions and institutional changes associated with the progress of the related industries will be examined extensively. In addition, reasons and consequences from the in-depth adjustments of the gaming industry between 2014 and 2016 will be uncovered. Moreover, impacts from the recent pandemic to the industry, and potential changes in the industrial organization and performance following the regulatory revisions in 2022 will be explored. Finally, implications from the development of the Pearl River Delta region as a polycentric mega-city region (i.e., the Greater Bay Area project) to these industries will also be underlined.

CILO-1: Identify, describe and appraise the particular composition of Macao’s gaming and hospitality industries. CILO-2: Identify, describe and examine the interplays between the particular social, political and economic factors which lead to the evolution and modern development of Macao’s gaming and hospitality industries. CILO-3: Identify, describe and assess some unique operation models associated with Macao’s casino gaming business, as well as the upsides and downsides. CILO-4: Identify, describe and assess how Macao’s casino gaming and hospitality will develop in the coming decade. CILO-5: Develop the critical thinking skill to judge the effectiveness of the changing structure of Macao’s gaming and hospitality industries. CILO-6: Exhibit positive learning attitude and involvement in class discussion.