Racino: A Solution or A Terminator?

Abstract

In the 1990s, a gaming facility named racino appeared in the United States, which was developed to save the falling horseracing industry. As a combination of racetrack and casino, racino is located in the racetrack and restricted to only slot machines, or permitted to have both slots and table games. Although racino has brought a significant increase in gambling revenue for racing industry, some operators decided to remove the slots from the racetracks because of the heavy cost of running a racetrack. This study examines the process of operating a racino in Macau and analyses why it did not come to a happy ending in this particular circumstance