With Forbes estimating his net worth as $39 billion in January 2014, Sheldon Adelson is undoubtedly the most successful entrepreneur the casino industry has ever seen. A college dropout, who went on to become a self-made multibillionaire, Adelson is also known for his philanthropic pursuits.
The United Kingdom has one of the biggest online markets for bingo in the world. Since 2008, the number of players and the amount won online has more than tripled. Because of this, the British market has seen an influx in big brand names launching bingo games via their already established websites.
While presenting the interim budget for fiscal 2014-15, Finance Minister P. Chidambaram said in the Lok Sabha, “I wonder how many have noted the fact that India’s economy, in terms of the size of its GDP, is the 11th largest in the world. There are great things in store.”
“Online gambling is ‘fool’s gold.’ Whether it is full casino gaming, poker only, or anything in between – this is a societal train wreck waiting to happen.” This is what Sheldon Adelson, Chairman and CEO of the largest gaming company in the world, Las Vegas Sands, had to say to Forbes Magazine in June 2013.
He is 91, and is called the casino mogul of Macau, an administrative region of the People’s Republic of China. Stanley Ho Hung-sun, the man who fought all odds, survived a family bankruptcy and war, now called as the richest person in Macau. It is estimated that, this university dropout now owns enterprises that employ almost one fourth of the workforce of Macau.
Pai Gow Poker is an Americanized fusion version of the ancient Chinese tiles game of Pai Gow married with the modern Poker game to be played with a deck of 53 cards (joker for faces, straights and flushes). This is a combination of the Pai Gow’s “high hand, low hand” playing structure with poker hands.
Free Market is a hypothetical market condition where manufacturers and service providers can export, import and offer services under no conditions and with zero taxes, subsidies and policies involved. Being a highly debatable topic; many economists along the years have opposed or stood by
Free trade is when governments stop discriminating between exports and imports and allow manufacturers and service providers to buy and sell products and services in an environment free of subsidies and duties. While economists around the world have been favoring this concept and
Hindu Mythologies dating back to 2000BC have the mention of gambling in them. Indians have always tried to look at gambling as a viable solution to conflicts and a way to bridge the gap between friends and foe. The history of gambling in India has always been better than what it is now.