IDEAS home Printed from https://ideas.repec.org/a/bla/apacel/v32y2018i2p126-134.html

Performance drivers in the casino industry of South Korea

Author

Listed:
  • Woo‐Hyuk Kim

Abstract

The purpose of this study is to understand the relationship between the performance drivers and financial performance of the South Korean casino industry. Data were collected from all 17 casinos in South Korea throughout 2015 and evaluated with path analysis using AMOS. Results revealed significant relationships among visitor type (domestic vs. foreign), total number of visitors, and casino revenue. Moreover, the total number of visitors affected the table games and revenues of casinos. Among implications for the casino industry, casino managers can use the findings to prioritise performance drivers to increase revenues.

Suggested Citation

  • Woo‐Hyuk Kim, 2018. "Performance drivers in the casino industry of South Korea," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 32(2), pages 126-134, November.
  • Handle: RePEc:bla:apacel:v:32:y:2018:i:2:p:126-134
    DOI: 10.1111/apel.12233
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/apel.12233
    Download Restriction: no

    File URL: https://libkey.io/10.1111/apel.12233?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Richard Thalheimer & Mukhtar Ali, 2008. "Table games, slot machines and casino revenue," Applied Economics, Taylor & Francis Journals, vol. 40(18), pages 2395-2404.
    2. Xinhua Gu & Guoqiang Li & Pui Sun Tam, 2013. "Casino tourism, social cost and tax effects," International Gambling Studies, Taylor & Francis Journals, vol. 13(2), pages 221-239, August.
    3. Barros, Carlos Pestana & Butler, Richard & Correia, Antónia, 2010. "The length of stay of golf tourism: A survival analysis," Tourism Management, Elsevier, vol. 31(1), pages 13-21.
    4. Amit, Raphael & MacCrimmon, Kenneth R. & Zietsma, Charlene & Oesch, John M., 2001. "Does money matter?: Wealth attainment as the motive for initiating growth-oriented technology ventures," Journal of Business Venturing, Elsevier, vol. 16(2), pages 119-143, March.
    5. Assaf, A. George & Josiassen, Alexander & Agbola, Frank W., 2015. "Attracting international hotels: Locational factors that matter most," Tourism Management, Elsevier, vol. 47(C), pages 329-340.
    6. Jungsun (Sunny) Kim & Mikael B. Ahlgren & Jeoung-Woo Byun & Kristin Malek, 2016. "Gambling motivations and superstitious beliefs: a cross-cultural study with casino customers," International Gambling Studies, Taylor & Francis Journals, vol. 16(2), pages 296-315, August.
    7. Hyunduk Suh & Sung-Bum Kim, 2018. "The Macroeconomic Determinants of International Casino Travel: Evidence from South Korea’s Top Four Inbound Markets," Sustainability, MDPI, vol. 10(2), pages 1-18, February.
    8. Barros, Carlos Pestana & Dieke, Peter U.C., 2008. "Measuring the economic efficiency of airports: A Simar-Wilson methodology analysis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 44(6), pages 1039-1051, November.
    9. John H Dunning, 1998. "Location and the Multinational Enterprise: A Neglected Factor?," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 29(1), pages 45-66, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lorin DRAGAN & Dana HIRGAU, 2021. "What do international tourists seek for when playing in the casinos? A Bucharest gambling market study," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 13(3), pages 291-305, November.
    2. Woo-Hyuk Kim & Chunghee Lee & Sungsoo Kim, 2020. "The Influence of Hallyu on Africans’ Perceptions of Korea: The Moderating Role of Service Quality," Sustainability, MDPI, vol. 12(8), pages 1-10, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gémar, Germán & Moniche, Laura & Morales, Antonio J., 2016. "Survival analysis of the Spanish hotel industry," Tourism Management, Elsevier, vol. 54(C), pages 428-438.
    2. Wei Fu & Shengnan Wei & Jue Wang & Hak-Seon Kim, 2022. "Understanding the Customer Experience and Satisfaction of Casino Hotels in Busan through Online User-Generated Content," Sustainability, MDPI, vol. 14(10), pages 1-18, May.
    3. Hutzschenreuter, Thomas & Matt, Tanja & Kleindienst, Ingo, 2020. "Going subnational: A literature review and research agenda," Journal of World Business, Elsevier, vol. 55(4).
    4. Valentin C. Mihai & Diana E. Dumitras & Camelia Oroian & Gabriela O. Chiciudean & Felix H. Arion & Iulia Cristina Mureșan, 2023. "Exploring the Factors Involved in Tourists’ Decision-Making and Determinants of Length of Stay," Administrative Sciences, MDPI, vol. 13(10), pages 1-14, October.
    5. Lien, Yung-Chih & Filatotchev, Igor, 2015. "Ownership characteristics as determinants of FDI location decisions in emerging economies," Journal of World Business, Elsevier, vol. 50(4), pages 637-650.
    6. Youngok Kim & Sidney J. Gray, 2008. "The impact of entry mode choice on foreign affiliate performance: The case of foreign MNEs in South Korea," Management International Review, Springer, vol. 48(2), pages 165-188, April.
    7. Aguilar, Mª. Isabel & Díaz, Bárbara, 2019. "Length of stay of international tourists in Spain: A parametric survival analysis," Annals of Tourism Research, Elsevier, vol. 79(C).
    8. Godwin Okafor & Jenifer Piesse & Allan Webster, 2017. "FDI Determinants in Least Recipient Regions: The Case of Sub†Saharan Africa and MENA," African Development Review, African Development Bank, vol. 29(4), pages 589-600, December.
    9. Ziyi Wei & Quyen T. K. Nguyen, 2020. "Local responsiveness strategy of foreign subsidiaries of Chinese multinationals: The impacts of relational-assets, market-seeking FDI, and host country institutional environments," Asia Pacific Journal of Management, Springer, vol. 37(3), pages 661-692, September.
    10. Rodríguez-Pose, Andrés & Tselios, Vassilis & Winkler, Deborah & Farole, Thomas, 2013. "Geography and the Determinants of Firm Exports in Indonesia," World Development, Elsevier, vol. 44(C), pages 225-240.
    11. Terason Sid, 2021. "Predicting Sports Facility Revisit Intentions Based on Experience and Mediating Effects of Perceived Value," Polish Journal of Sport and Tourism, Sciendo, vol. 28(3), pages 35-41, September.
    12. Mohammad Amin & Nesma Ali, 2024. "The Impact of Market Volatility on Hotel Efficiency in Malaysia : Does Hotel Size Matter ?," Policy Research Working Paper Series 10953, The World Bank.
    13. Yadong Luo & Huan Zhang & Juan Bu, 2019. "Developed country MNEs investing in developing economies: Progress and prospect," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(4), pages 633-667, June.
    14. Anthony P Cannizzaro, 0. "Social influence and MNE strategic response to political risk: A global network approach," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 0, pages 1-22.
    15. Pitelis, Christos & Argitis, George, 2009. "Factors influencing the Internationalisation of Firms: Micro Foundations of Macro Determinants," Papers DYNREG36, Economic and Social Research Institute (ESRI).
    16. Hu, Helen Wei & Cui, Lin, 2014. "Outward foreign direct investment of publicly listed firms from China: A corporate governance perspective," International Business Review, Elsevier, vol. 23(4), pages 750-760.
    17. Hayakawa, Kazunobu & Keola, Souknilanh & Silaphet, Korrakoun & Yamanouchi, Kenta, 2022. "Estimating the impacts of international bridges on foreign firm locations: a machine learning approach," IDE Discussion Papers 847, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    18. Lu, Baizhou & Hao, Wei & Liao, Jing & Wongchoti, Udomsak, 2023. "A leap of faith that echoes well? The value impact of Chinese firms starting up business overseas," Global Finance Journal, Elsevier, vol. 57(C).
    19. Gyensare, Michael Asiedu & Miri, Domnan & Zahoor, Nadia & Alajaty, Mahmoud, 2024. "Aspiring to go abroad: How and when international entrepreneurial aspiration fuel emerging markets entrepreneurial ventures’ internationalisation speed," Journal of International Management, Elsevier, vol. 30(2).
    20. Chakraborty, Santonab & Ghosh, Sayantan & Sarker, Baneswar & Chakraborty, Shankar, 2020. "An integrated performance evaluation approach for the Indian international airports," Journal of Air Transport Management, Elsevier, vol. 88(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:apacel:v:32:y:2018:i:2:p:126-134. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://onlinelibrary.wiley.com/journal/14678411 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.