The short- and long-term impact of the Asian financial crisis on Las Vegas Strip baccarat revenues

This study investigates the short- and long-term impact of the Asian crisis on Las Vegas gaming revenues

C. Raab; R.K. Schwer

2003

Scholarcy highlights

  • This study investigates the short- and long-term impact of the Asian crisis on Las Vegas gaming revenues
  • Fluctuations in exchange rates are utilized as economic determinants
  • We find that baccarat wins have experienced a temporary decline since the Asian Crisis began
  • The model's findings suggest the devaluation of the currencies of Japan, Korea, Taiwan and Hong Kong has no significant long-term impact on baccarat revenues in Las Vegas
  • Future research should include the search for other factors that may influence the magnitude of baccarat wins, in general, and the portion derived from Asian customers, in particular

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