Macau Revenues Plummet
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?
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
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 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
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
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
Creative destruction refers to the continuous product and process innovation mechanism by which new units of production replace outdated ones.
Steve Wynn, Casino Magnate
When you hear the name Wynn, you think Wynn Resorts, Wynn Macau, Wynn Las Vegas.
Asia Expected to See Casino Growth in 2015
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
“Run for the hills, while you still can!” This is something you always need to keep in mind as you enter the casino. And,
Rakesh Wadhwa. Ever since, I was a school boy, I knew India was on the wrong path. Socialism was just not what we needed to get ahead. Government controlled our travel; government controlled our ability to buy and sell; and government controlled our freedom to move our money. My life has focused on the inherent rights people have. When I was in college, I never understood, what the governments meant by their "socialistic attitude". If people are free to buy, sell and move their capital themselves without any restrictions by state, then the welfare of people is inevitable & hence the countries they live in will become wealthy. The government has no right whatsoever, to point a finger at me or my business. I am not a revolutionary. I just want to light up my cigarette and not get nagged about it. I believe in non-interfering attitude to attain more. 
The Bastiat Award is a journalism award, given annually by the International Policy Network, London. Bastiat Prize entries are judged on intellectual content, the persuasiveness of the language used and the type of publication in which they appear. Rakesh Wadhwa won the 3rd prize (a cash award of $1,000 and a candlestick), in 2006.
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