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

Top Four Casinos Located on Beach Islands
Las Vegas is considered as the casino capital of the world, however Vegas is located in the middle of a desert. For those looking for a more idyllic setting, there is nothing like a long stretch of golden sand, the azure sea lapping at

Construction Underway on 3 New Casinos in New York State
Construction is underway on three new casinos in New York State, after the New York State Gaming Commission granted licenses for three lavish resort casinos across New York State in December 2015. The resorts are the Montreign Casino and Raceway,

Crony Capitalism is on a Decline
Crony capitalism is on a decline, according to the Economist’s index of crony capitalism created in 2014. The Economist index shows that in 2016, Russia has the highest amount of crony capitalism; crony sector wealth constitutes 18% of Russia’s GDP, out of

Resorts World Las Vegas Moves One Step Closer to Reality
Resorts World Las Vegas, to be built by the Malaysia-based Genting Group, came one step closer to reality when a three-member panel of the Nevada Gaming Control Board gave preliminary approval for a range of applications by the company, such as the

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