Award Date


Degree Type


Degree Name

Master of Science (MS)


Hotel Administration

First Committee Member

Zheng Gu

Number of Pages



In reference to the gaming industry, investors and analysts examine many different variables that affect the financial viability of the business. Areas of investigation have included competition, governmental regulation, debt structure, cash flow, visitor volume, and so on; The purpose of this study was to analyze the relationship of yet another variable of casino performance, the casino drop, to gaming stock performance. Utilizing statistics provided from the State of Nevada's Gaming Revenue Report, the casino drop was divided into five segments, blackjack, craps, baccarat, quarter slots, and dollar slots; Tested by using a multiple regression analysis against a market capitalization-weighted index consisting of Aztar Gaming, Boyd Gaming, Harrahs Entertainment, MGM Grand, Mandalay Resort Group, Mirage Resorts, and Station Casinos, all five independent variables were proven statistically significant at a .10 confidence level. However, the results of the study were deemed inconclusive due to the presence of negative coefficients for craps, baccarat, and quarter slots. The negative coefficients for these independent variables are incongruent with the underlying premise that an increasing drop, analogized to increasing revenue, should lead to an increasing stock price.


Analysis; Casino; Drop; Gaming; Multivariate; Performance; Relationships; Stock

Controlled Subject

Management; Commerce; Finance; Recreation

File Format


File Size

1597.44 KB

Degree Grantor

University of Nevada, Las Vegas




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