Why US Casinos Shattered Records with $60 Billion in Revenues in 2022
The US commercial gaming market broke all records, generating revenues worth a whopping $60.4 billion in 2022, representing a rise of about 14% year-on-year and
The King of Casinos is No More. Long Live the King.
The “King of Gambling” and the “Godfather of Macau,” Stanley Ho, passed away on May 26, 2020, at the age of 98. Ho is credited with transforming the sleepy town of Macau into the most popular gambling destination in the world, ahead of even
Casino Hubs to Visit after the Coronavirus Crisis
Despite the surge in online gambling, the global casino industry remains a huge enterprise. Before the COVID-19 crisis came into the picture, the industry was touted to reach $525 billion by 2023, growing at a CAGR of approximately 4%
Could 2020 Be the Year for Online Casinos?
The global casino industry, which thrives on tourism and large groups of people in close proximity, has been hit hard by the COVID-19 crisis. The first 4 months of 2020 could be the worst on record for Macau’s casino operators, with
Global Casino Industry Grapples with Geo-Political Pressures
A combination of global developments is proving costly for the casino industry. Coronavirus or Covid-19, a deadly virus has taken global centre stage, disrupting trade, supply-chains, tourism, business activities and even cultural events. The number of infected people has surpassed 126,000
Casino Industry Contributes Towards Finding a Coronavirus Cure
The Coronavirus epidemic (Covid-19) is one of the fiercest health epidemics to hit the world since the SARS 2002-03 outbreak. Originating in the Wuhan province of China in December 2019, the disease has already infected 71,442 people worldwide and killed 1,776
Senate Panel of US State of Virginia Passes Casino Legislation Bill for Five Cities
The US state of Virginia is home to more than 8 million people. Over the last couple of years, more residents have been pushing policymakers to change the state’s gambling laws. Although the state had many gambling avenues in the 1800s, these were made illegal during
Cambodia’s Casino Drive: Another Asian Success Story
The casino industry is booming across Asia, with the proliferation of integrated casino resort facilities in destinations like Macau, Singapore and Vietnam. Macau has been a prominent gaming hub in the continent, with revenues surpassing Las Vegas casinos. At
Increased Scrutiny and Litigation Pose Hurdles for Region C Casino Development in South-Eastern Massachusetts
The Region C casino license was the third and final destination casino property, legalised by the state of Massachusetts, in its 2011 Expanded Gaming Act. Under this act, the Massachusetts Gaming Commission (MGC) had authorised three
Can the Casino Industry Help Revive the Greek Economy?
The Greek city of Athens is witnessing an investor boom, with the construction of hip new hotels from leading names dotting the skyline. After plunging more than 40% in 2010, property prices are gradually trending upward, and stability is returning. This
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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