Are High Taxes Good for the Economy?

Are High Taxes Good for the Economy?

Posted by: on Dec 18, 2017 | No Comments

Advocates of high taxes are often heard saying that taxes strengthen the nation by funding essential public utilities (like highways and elementary schooling) that benefit citizens and facilitate businesses. On the other hand, free

Allow FDI, in Retail Too!

Allow FDI, in Retail Too!

Posted by: on Dec 11, 2017 | No Comments

The inclination of the Modi government is to open India for foreign investment. It is undeniable that Modi has done a masterful job in selling India, abroad. He has rightfully invited one and all to invest in

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%

India Achieves its Highest Ever Score on the Index of Economic Freedom

India Achieves its Highest Ever Score on the Index of Economic Freedom

Posted by: on May 27, 2016 | One Comment

India achieved its highest ever score on the 2016 Index of Economic Freedom. India’s score of 56.2 gave it the 123rd rank among the 178 countries ranked by this index. India was ranked the 25th among the xx nations in the Asia Pacific region. The 123rd

Donald Trump: American Dream Coming True?

Donald Trump: American Dream Coming True?

Posted by: on May 13, 2016 | No Comments

Donald Trump has been referring to the American Dream being over. And, of course, about how he would play an instrumental, as President, in reviving this dream. I wonder if Donald Trump actually understands the American Dream, and whether his policies are in synch

Daniel Kahneman: The Psychologist  who won a Nobel Prize for Economics

Daniel Kahneman: The Psychologist who won a Nobel Prize for Economics

Posted by: on Apr 21, 2016 | No Comments

Daniel Kahneman and his colleague Amos Tversky studied human behaviour when faced with uncertainty and risk, and came up with groundbreaking results; primarily, that human beings are not necessarily the rational agents of economic theory. Daniel Kahneman

Michigan’s Gun Lake Casino to Double its Size with a $76 Million Expansion

Michigan’s Gun Lake Casino to Double its Size with a $76 Million Expansion

Posted by: on Apr 14, 2016 | No Comments

The Gun Lake Casino in Wayland, Michigan has announced a $76 million expansion plan that is expected to nearly double its size. Ed Pigeon, vice chairman of the Gun Lake Tribal Gaming Authority Board said in a news release on January 7, 2016,

Mohegan Sun Group Wins License to Open Casino in South Korea

Mohegan Sun Group Wins License to Open Casino in South Korea

Posted by: on Mar 30, 2016 | No Comments

The Mohegan Tribal Gaming Authority, along with KCC Corp, a South Korean chemicals manufacturer, won a bid to develop the Inspire Integrated Resort at Incheon, located west of Seoul, the capital city of South Korea. The Inspire Integrated Resort

MGM Resorts International Delays Opening of New Macau Resort to 2017

MGM Resorts International Delays Opening of New Macau Resort to 2017

Posted by: on Mar 23, 2016 | No Comments

MGM Resorts International has decided to delay the opening of its new resort in the Cotai district of Macau, due to gloomy market conditions. Gross gambling revenues in Macau fell 34% in 2015, to a five-year low of $28.8 billion from a year ago,