Swindlers Target Asian Casinos
Asian casinos are the new target of cheats who leave no stone unturned to take the gambling world by surprise. Casinos in Asia generate billions of dollars each year and are, thus, an obvious target of cheats. Moreover, in a clear trend, the gaming industry in the Western world is stagnating, while in Asia casinos are generating impressive growth.
How Vegas Got Blackjacked At its Own Game
You may not believe it, but it’s actually true! Macau has long overtaken Vegas as the premier gambling destination of the world. And the lead it enjoys over its American sister is not thin. According to Macau’s Gaming Inspection and Coordination Bureau, the gaming revenues generated by Macau casinos were a staggering $33.5 billion in 2011; that’s Vegas’ revenues rolled five times over! Gambling was always associated with Nevada. Macau wasn’t even in the scene till the turn of this millennium. How did Macau do it then?
Can India Become the Gambling Bowl of the World?
To be able to answer this question, let’s conduct a small tour across the only two states in India which boasts of casinos.
An Unusual Timeline of Gambling History (3000 BC –1900 AD)
Are you surprised to know that gambling existed even in 3000 BC Mesopotamia? In fact, the oldest six-sided dice was invented in Northern Iraq (erstwhile Mesopotamia).
US Casino Industry Generates $125 Bn in 2010
The Unites States is still reeling under the pressure of a slowdown, they say. The casino industry seems to be telling us a different story altogether. Last year, the US casino industry and industries that depend on them generated $125 billion, according
History of Gambling in the United States
A report of the American Gaming Association stated that 483 commercial casinos in the US gathered revenues of $34.6 billion in 2010. Nevada casinos boasted of $10.4 billion of the total revenue in the same year. Do these figures make you wonder about how and
History of Casinos and Gambling in Nevada
Did you know that gambling in Las Vegas is intricately linked with the Hoover Dam? July 3, 1930 saw President Hoover signing the bill for the establishment of the Boulder Dam (now known as the Hoover Dam). In 1931, when the construction work began, 5,128 workers were
Can Casinos Boost the Economic Growth of Our Nation?
Sri Lanka plans to introduce new laws this year to attract investments from casinos and hotel chains abroad. While Sri Lanka already has a thriving local casino industry, the government believes that laws permitting foreign investment in gaming will stabilize the sector
Las Vegas: What Makes it Click With Businessmen?
Las Vegas has very quickly transformed itself from being called the ‘Sin City’ to one of the most sought after destination for family vacations and business conferences. What can stop it? Las Vegas has it all – accommodation with dozens of hotels having 5,000
How Much Will You Bet on the Indian Casino Industry?
Indians have been indulging in the casino scene abroad for a while. Macau, Singapore and Las Vegas are some of the favourite casino destinations of Indian gamblers. Moreover, it is estimated that as many as 70% of the visitors in Kathmandu casinos are Indians.
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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