Michael Shackleford: Meet the  Wizard of Odds

Michael Shackleford: Meet the Wizard of Odds

Before we meet the Wizard of Odds, let’s take a short look at the yellow brick road that is paved by mathematics and economics on one side and gambling and gaming theory on the other side. Mathematics and gambling are intertwined; however, mathematics is considered a much more socially acceptable field

Michael Shackleford: Meet the  Wizard of Odds

Michael Shackleford: Meet the Wizard of Odds

Posted by: on Sep 21, 2016 | No Comments

Before we meet the Wizard of Odds, let’s take a short look at the yellow brick road that is paved by mathematics and economics on one side and gambling and gaming theory on the other side. Mathematics and gambling are intertwined; however, mathematics is considered a much more socially acceptable field

Part  II: Canadian Gambling Takes Two Steps Forward, One Step Back  (As Always)

Part II: Canadian Gambling Takes Two Steps Forward, One Step Back (As Always)

Posted by: on Sep 13, 2016 | No Comments

Read Part 1 of this article

Quebec’s Parochial (Knee-Jerk) Reaction

It’s true that most governments need a lot of hand-holding before they get their

Canadian Gambling Takes Two Steps Forward, One Step Back (As  Always)

Canadian Gambling Takes Two Steps Forward, One Step Back (As Always)

Posted by: on Sep 2, 2016 | No Comments

Gateway Casinos and Entertainment has finally opened the doors to the Grand Villa Casino in Edmonton. This lavish gambling and entertainment destination cost $32 million to build and boasts of 600 slot machines, 28 table games, central bar, restaurant, pub and fast food restaurants spread over

60 Years of Economic Growth In Five-year Installments

60 Years of Economic Growth In Five-year Installments

Posted by: on Aug 27, 2016 | No Comments

When India first won its Independence, it still had a long way to go before it could become self-sufficient. Carving out large chunks of industry and commerce as state-run establishments under the socialist structure that our nation’s leaders outlined seemed like the best way forward. And now, 60 years later, we are still following

Landmark GST Bill Opens India to a Common Market System

Landmark GST Bill Opens India to a Common Market System

Posted by: on Aug 20, 2016 | No Comments

Somewhere along the path of errors comes a cumulative benefit. India has passed the much-awaited Goods and Services Tax (GST). The Indian Parliament voted 197 in favour of this bill with none against in the Rajya Sabaha. This bill is being hailed as a landmark tax reform and the biggest since Independence. Under the new bill, the existing system of Value Added Tax (VAT)

Macau: Has China’s Jewel in the Gown Faded?

Macau: Has China’s Jewel in the Gown Faded?

Posted by: on Aug 12, 2016 | No Comments

Las Vegas Sands, the first western casino to open in Macau after deregulation, has posted a decline of 17% or $1.44 billion in revenues from operations in Macau in the second quarter. The operating income has also shrunk by 18% year-on-year. The cumulative effect of these two downslides is that the casino operator is currently facing 32%

Stu Ungar: Poker’s First Disruptive Innovator

Stu Ungar: Poker’s First Disruptive Innovator

Posted by: on Aug 1, 2016 | No Comments

When Forbes magazine compiled a list of the most disruptive trends in business, they defined “disruption” as something that “…displaces an existing market, industry, or technology and produces something new and more efficient and worthwhile. It is at once destructive and creative.” While the Davids of the business world shake up the Goliaths with disruption,

Bitcoin: Herald for Free Markets?

Bitcoin: Herald for Free Markets?

Posted by: on Jul 27, 2016 | No Comments

Imagine a currency that does not belong to any one country, owes no allegiance to geographical or political borders and exists only in virtual form. Now imagine the impact on the economies of the world when confronted by this relative newcomer in the currency category. Today, bitcoin is the most widespread Internet currency. It is

Germany’s Favorite Casinos

Germany’s Favorite Casinos

Posted by: on Jul 20, 2016 | No Comments

Laws governing casino operations in Germany were liberalized in 2008. In 2012, the new Interstate Treaty on Gambling (ISTG) 2012 put all games of chance under state monopoly and retained the earlier prohibition on online poker and online casino games. The 2012

Brexit: The Biggest Political Betting Event So Far

Brexit: The Biggest Political Betting Event So Far

Posted by: on Jul 12, 2016 | No Comments

The initial surprise over Brexit led to an outbreak of political betting. Coming close on the heels of the landmark Britain’s Leave Campaign was a flurry of activity aimed at either conserving wealth or an attempt to create wealth over the outcome of