Macau Revenues Plummet

Macau Revenues Plummet

Aug 5, 2015 | No Comments

After a resounding success in the financial year of 2013, wherein the Macau casino market drew in a single year record revenue of $45.2 million, 2014 witnessed a slowdown that gave way to a plunge in 2015. The first significant dip was in October 2014,

Does the European Union Strive for a Free Market Economy?

Does the European Union Strive for a Free Market Economy?

Jul 28, 2015 | No Comments

The 21-year old European Union has been a lightning rod of controversy, following the unwillingness of Ukrainian President Viktor Yanukovych to sign the agreement with them. Additionally, since Iceland’s withdrawal of its membership,

Taxes Impede the Transformative Project to Build a Binghamton Casino

Taxes Impede the Transformative Project to Build a Binghamton Casino

Jul 21, 2015 | No Comments

Albany area financier Jeffrey Hyman had received unanimous support from the Binghamton council for his proposal for the Southern Tier Star Casino and Conference Center. This proposal was to compete in the bidding process run by

Resource Allocation in a Free Market: Is it Better?

Resource Allocation in a Free Market: Is it Better?

Jul 14, 2015 | No Comments

Resource allocation refers to the way in which resources are distributed to produce various goods and services. One of the key characteristics of a free market economy is that all resources are privately owned.

The Garden State to See a New Casino

The Garden State to See a New Casino

Jul 7, 2015 | No Comments

According to a report by the Associated Press on May 26, 2015, a new casino is said to open in New Jersey, outside the limits of Atlantic City.

Visa Restrictions from China Sharply Hit Macau’s Growth

Visa Restrictions from China Sharply Hit Macau’s Growth

May 6, 2015 | No Comments

Macau’s growth has been sharply hit as anti-corruption regulations in China, along with a ban on smoking in the Macau casinos and visa restrictions for gambling in Macau

On Joseph Schumpeter’s Idea of Creative Destruction

On Joseph Schumpeter’s Idea of Creative Destruction

Apr 29, 2015 | No Comments

Creative destruction refers to the continuous product and process innovation mechanism by which new units of production replace outdated ones.

Steve Wynn, Casino Magnate

Steve Wynn, Casino Magnate

Apr 22, 2015 | No Comments

When you hear the name Wynn, you think Wynn Resorts, Wynn Macau, Wynn Las Vegas.

Asia Expected to See Casino Growth in 2015

Asia Expected to See Casino Growth in 2015

Apr 3, 2015 | No Comments

According to a report published by Forbes Magazine on January 7, 2015, Wynn is one of the several resorts looking to

A Beginners Guide to Casino Gambling

A Beginners Guide to Casino Gambling

Mar 28, 2015 | No Comments

“Run for the hills, while you still can!” This is something you always need to keep in mind as you enter the casino. And,