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LIVE Baccarat calculations: Macau machine gambling and the production of the post-socialist subject
Simpson, Tim
2019-11-02
Source PublicationJournal of Cultural Economy
ABS Journal Level2
ISSN1753-0350
Volume12Issue:6Pages:521-538
Abstract

Following Portugal’s return of Macau to the People’s Republic of China in 1999, and the subsequent liberalization of the city’s 150-year-old casino monopoly, Macau was transformed into the world’s most lucrative site of casino gaming. Today Macau attracts more than 30 million annual tourists, the majority of whom are from mainland China. This article analyzes an electronic casino game called LIVE Baccarat, which was created by a Hong Kong biopharmaceutical company, and designed to appeal to Chinese gamblers in Macau. Drawing on the work of Michel Callon and Michel Foucault, I explore the ways in which the LIVE Baccarat gaming machine ‘economizes’ the game of baccarat by introducing novel betting functions which require gamblers to engage in various forms of financial calculation, including calqulation, hedging, arbitrage, and portfolio management. LIVE Baccarat is a biopolitical apparatus of subjection of a post-socialist Chinese homo economicus, a form of ‘human capital’ which Foucault might call an ‘entrepreneur of the self.’ This subject not only plays a remunerative role in Macau’s gaming industry, but conforms to China’s macroeconomic goals to engender ‘quality’ citizens equipped to support a domestic consumer market which may supplant the unsustainable production-for-export regime that drove the country’s initial post-reform development.

KeywordAgencement Calculation Gaming Market Devices Performativity
DOI10.1080/17530350.2019.1630660
URLView the original
Indexed BySSCI ; A&HCI
Language英語English
WOS Research AreaCultural Studies ; Business & Economics ; Sociology
WOS SubjectCultural Studies ; Business & Economics ; Sociology
WOS IDWOS:000490562800001
PublisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND
Scopus ID2-s2.0-85073621169
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Citation statistics
Document TypeJournal article
CollectionDEPARTMENT OF COMMUNICATION
Corresponding AuthorSimpson, Tim
AffiliationDepartment of Communication, Faculty of Social Sciences, University of Macau, Macao
First Author AffilicationFaculty of Social Sciences
Corresponding Author AffilicationFaculty of Social Sciences
Recommended Citation
GB/T 7714
Simpson, Tim. LIVE Baccarat calculations: Macau machine gambling and the production of the post-socialist subject[J]. Journal of Cultural Economy, 2019, 12(6), 521-538.
APA Simpson, Tim.(2019). LIVE Baccarat calculations: Macau machine gambling and the production of the post-socialist subject. Journal of Cultural Economy, 12(6), 521-538.
MLA Simpson, Tim."LIVE Baccarat calculations: Macau machine gambling and the production of the post-socialist subject".Journal of Cultural Economy 12.6(2019):521-538.
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