Macau’s Casino Industry: Driving the Economy!

Posted by: on Aug 17, 2012 | No Comments

When it surpassed Las Vegas as the world’s biggest gambling industry in 2006, that too by a huge margin (more than 5 times the revenue of Las Vegas), it left everyone amazed. And since then Macau’s gaming industry hasn’t looked back.

With a land area of 29 sq kms, Macau’s natural environment lacks major resources like forests or woodlands, arable land and pastures. This makes Macau’s its economy largely dependent on the service industry, of which a large share of the inflows is generated by the tourism and gaming industries.

Gambling – A Boon or A Curse?

Gambling – A Boon or A Curse?

Posted by: on Jul 9, 2012 | No Comments

Gambling in India seems to have a negative connotation. The very mention of the word conjures up images of people losing their life’s earnings (and even their wife… courtesy The Mahabharata). Gambling is perceived as an addiction that could lead to misery. Is that what gambling is all about?