MGM Resorts International Delays Opening of New Macau Resort to 2017
MGM Resorts International has decided to delay the opening of its new resort in the Cotai district of Macau, due to gloomy market conditions. Gross gambling revenues in Macau fell 34% in 2015, to a five-year low of $28.8 billion from a year ago,
Will Macau Steal Las Vegas’ Crown in 2016?
Unfortunately, Santa forgot to visit Macau in 2015. The year didn’t start off too well for this gambling destination, seemed to get worse as it progressed and ended in disappointment, with revenue down 34% from the 2014 levels. So, which casino
Phil Ivey: The Tiger Woods of Poker
Phillip Dennis Ivey Junior was born on February 1, 1976 in Riverside California and moved to one of the biggest gambling states, New Jersey, when he was three months old. Before you start to wonder if the likeness to Tiger Woods is
Halloween: It’s the Season to be Gambling
While all festivals fuel the gaming world, Halloween – the predominantly American festival of remembering the dead – is one that sees myriad bonuses on offer, both for online gamers and casino goers. The celebrations begin well in advance and
Casino di Venezia – The Mother of Modern Day Casinos
While taking a ride on a gondola at the Grand Canal in Venice, you will come across several impressive structures of varying origins – from the Fondaco houses of the 13th century to the ones that speak of Byzantine
Implications of Legalizing Casinos in Israel
Yariv Levin, Israel’s Tourism Minister, confirmed on September 23, 2015, while speaking on national radio that there is indeed a proposal, backed by Prime Minister Binyamin Netanyahu, to legalize casinos on mainland Israel at last.
Atlantic City Casinos in Peril: Will Governor Christie Come to the Rescue?
With four out of the 12 casinos in Atlantic City shutting down in the last eighteen months, Wall Street gas been speculating about what these changes indicate. Some believe that the market is right sizing, since the demand for
Donald Trump: From Casino Magnate to Presidential Candidate
Donald Trump came to be known all over the world for his sardonic humor and his magnetic personality when he starred in the famous television show, The Apprentice. Having first aired in 2004, the show ran for 14 seasons in two formats, The
The New Age King Solomon and his Mines
The closest we can get to a real life King Solomon of the Biblical stories is probably Solomon Kerzner, the South African business magnate. He maybe likened to antiquity’s King of Israel for both his wisdom and his wealth. The ‘Sun King’ of
What the Launch of Tigre De Cristal Portends for Asian Casinos
The much awaited Tigre De Cristal, the largest casino in Russia, will be launched on August 28, 2015, in the Primorsky Integrated Entertainment Zone (IEZ) in Vladivostok, one of the four gambling zones legalized by Russia. The project is
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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