Bankruptcy prediction in the casino industry

An exploratory study of the effectiveness of traditional bankruptcy prediction models as applied to the casino industry. The study uses financial information from a sample of failed and non-failed casino companies to evaluate the ability of bankruptcy prediction models developed for general industry usage to predict financial failure in the casino industry; The models tested were the ones developed by Edward I. Altman, Edward B. Deakin and Christine V. Zavgren. The financial information utilized in the study was limited to that which could be obtained from publicly available information sources. The sample size was limited to the number of failed firms for which information was available and an equal number of non-failed firms; The study showed that traditional bankruptcy prediction models did not significantly enhance the ability to predict business failure in the casino industry beyond a random fail/no-fail prediction.

Name thesis:degree_name

Master of Science (MS)

Level thesis:degree_level

Thesis

Discipline thesis:degree_discipline

Hotel Administration

Grantor dc:publisher

University of Nevada, Las Vegas

Year

1999

Author dc:creator

• Patterson, David William

Contributors dc:contributor

• Bernard Fried

Statement dc:rights

• IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/

Language dc:language

English

Identifier

https://oasis.library.unlv.edu/rtds/1008

OAI identifier oai:identifier

oai:oasis.library.unlv.edu:rtds-2007