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| Author: | Chen, D.-H. Bin, F.-S. |
| Title: | Effects of legislation events on US gaming stock returns and market turnings |
| Journal: | Tourism Management
2001 : OCT, VOL. 22:5, p. 539-549 |
| Index terms: | Leisure industry Legislation Stock returns Games |
| Freeterms: | Casino |
| Language: | eng |
| Abstract: | The study examines various federal and state legislation events regarding casino gaming regulation and deregulation, and finds that the announcement effects on stock portfolio returns vary across different types of gaming companies. The results indicate that between 1993 and 1997, gaming stocks on average yield a significantly lower return and a significantly greater systematic risk against the US stock market. |
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