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
Where is the Asian Casino Market Headed?
Possibly the biggest development for the Asian casino industry so far in 2018 has been the Japanese government’s approval of commercial integrated casino resorts in the country. Under the leadership of Prime Minister Shinzo Abe, Japan has now authorized the opening of three gambling properties in the country, with the tax on gross revenue set at 30%
The Recent Rollercoaster Ride of Macau’s Gaming Industry
Macau’s gaming industry has finally started gaining momentum, after two long years of struggle. China’s gambling hub had been a raging success story. In fact, it rapidly overtook Las Vegas to become the world’s most profitable gambling city
Macau’s Casino Industry is Set to Grow in 2018
Following three successive years of decline, Macau’s casino industry is finally looking up, with a good chance of the industry returning to its pre-2014 levels. Revenues at casinos in Macau had begun to slump following President Xi Jinping
Are Casinos of Interest to New Millennials? (Part Two)
Having seen the crossroads of technology and gambling, the question arises: Which is the path best taken to bring back the younger generation to casinos.
According to the Applied Analysis for the Association
Are Casinos of Interest to New Millennials?
Gaming might be a popular activity on a mobile device or phone but for some years, the gaming industry has been looking at a bleaker picture when it comes to footfalls in halls, casinos and other physical venues. The American Gaming Association,
Cracking the American Lottery (and Admitting it)!
In America, lotteries are as old as history. It was a lottery that provided the much needed funds for everything from the establishment of the colonies to railroad construction and for universities such as Yale and Harvard. In fact, currently 5% of the money used for state education comes from lottery revenue earned by the government. The first
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,
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
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,
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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