Macau. The results show that there is a difference in the herding behavior toward these “Macau concept” stocks before and … after the change in investment sentiment regarding Macau. Similar results are also revealed for the impact of announcements … related to the Macau concept. Furthermore, investors in general herd more on selling than on buying upon a corresponding …

This study provides a systematic analysis of the VIP-room contractual system of Macau’s traditional casino industry. It … examines the system’s historical background, its organizational structure, its operational mechanisms, and its role in Macau … market sector—caused by the liberalization of Macau’s gaming laws in 2001 and the Free Individual Travelers Scheme …

This paper investigates how Beijing governs its two special administrative regions (SARs) of Hong Kong and Macau …. Second, the degree of local autonomy in Hong Kong and Macau will be critically examined. On paper, both SAR governments are … override the decisions of Hong Kong and Macau. It is argued that the autonomy in cultural expression can compensate for the …