Gaming Trivia
Some Relatively Unknown Facts About Gambling
Gambling has existed in some form or the other for centuries. Indian history has references of betting games as early as 3000 BC. Even Chinese history offers evidence of gambling in 2,300 BC. With a 4,000 year old history, gambling has its share of little known facts. These make you wonder about the love people have for this form of entertainment.
Sweden and the Art of Resurrection of Successful Free Trade
Throughout Europe is debt, disarray and gloom like nowhere else. However, one country has suddenly shown the entire continent, how it is done away with. Until recently, Sweden suffocated under its Keynesian principles, ‘socialist’ outlook, and social-welfare shaped policies choked growth. It has now changed its policy of constant and exorbitant government tax and spending increases.
The India I Dream Of
This is what I expect the government that gets elected would do for this country after the elections:
The government would free us to buy and sell at whatever time we choose to, with whomever we like, and from wherever we choose. All restrictions on imports, exports, and foreign exchange are lifted overnight.
China’s Baccarat Connection
Macau and the Chinese phenomenon are increasingly becoming destinations for every lover of casino games who would like to try their luck, and bankrolls at big fortune. Most of the high-rollers venturing out here are lovers of baccarat.
Playing Poker: A Lot About Understanding Strategy
Poker in its many forms has always been the cynosure of all those eyes that have ever frequented casinos and play houses to rake in moolah and rule supreme over this chosen one of card games. However, there have been famous instances when a player ruling a table lost badly while going for the bigger bets – done in by the sharks.
UK Gambling Tax Laws Place Consumption over Location
The UK Gambling Commission estimates the UK remote gambling market at £2 billion per year. Since most of online gaming operations are based in tax havens such as Gibraltar, the current remote gambling duty, which is taxed at 15% of gross profits, witnesses most tax-based returns to the UK going into outside coffers.
Casino Industry Treated Differently from the Entertainment Industry
Yes, we have all heard the old bugbear of how gambling is bad for society. However, gambling is nothing but a common noun belonging to a larger family of more respectable relatives like ‘games of chance’, ‘betting’, and ‘probability.’ Yet,
Free Trade and Milton Friedman: True Always
Following from the golden legacy of Adam Smith, who opined that free trade could exist to solve most of the economic crises of the world, it probably is Milton Friedman who ever did recognize the urgency that the system had to be embraced with. The Nobel laureate born in New York, gifted markets and economies,
No Casino is an Economic Island
In 2007, Macau overtook Las Vegas in revenues. More than 50% of Macau’s economy is based on gambling. The island boasts of 33 casinos that operate under a government franchise. Attention to this little hub of economic prosperity has undoubtedly led to the Chinese cabinet passing the Offshore Islands Development Act,
The 5 Most Popular Casino Games
Casinos have always been places of glamour games. Be it the ruthless ransacking of the treasures of Europe’s ‘high rollers’ in the centuries gone by, or the chaos and brouhaha over a ‘big player’ finished, casinos have succeeded in keeping up their charm and allure for their lovers.
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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