The Relationship between Gambling and Finance in Macao: Dynamical Analysis of Liberalization of Gambling

Known as one of the three most famous gambling cities, gambling in Macau is considered to be the primary industry of its economy. In addition, the study of the gambling industry is significant to Macao’s fiscal revenue and even the financial status of the whole city. This article will analyze the influence of gambling on the fiscal revenue and expenditures of Macao and make a dynamic analysis of their relationships. Key words: Gambling industry; Betting duty; Fiscal revenue and expenditure; Social responsibility; Social cos