A Booming Macau Casino Industry Contributing to Surge in US Stocks
The Chinese casino and gaming industry has seen tremendous growth and increasing popularity over the years. Macau already outpaced Las Vegas in terms of gaming revenue way back in 2010. It is the only destination in Greater China (which consists of China,
The Eldorado-Caesars Deal: Changing Landscape of the US Casino Industry
The US casino industry suffered serious setbacks during the 2008 financial crisis. Revenues plummeted almost
What Lies in Store for the Global Casino Industry in 2019?
Revenues of the global casino market is predicted to rise to more than $525 billion by 2023, growing at a CAGR of about 4% during 2017-2023, according to the Gambling Market – Global Outlook and Forecast
One Government Misstep Can Cause a Great Leap Backward for an Economy
President of the Philippines Rodrigo Duterte has once again decided to crack down on the country’s gambling industry. Earlier this year, Macau’s Galaxy Entertainment Group was made to “convince” President Duterte of
Inside Global Gaming Expo 2018
In October every year, gaming manufactures, operators, players and other stakeholders of the gaming fraternity gather in Las Vegas, Nevada to attend the Global Gaming Expo (G2E). The event is organized by the American Gaming
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
Japan is Betting High on Casinos for Economic Growth
For nearly a decade, Japan’s political stance on casinos resembled Newton’s Cradle. After years of deliberations, the country finally seems to be moving forward to opening its economy for the
Continue to Bet on the Global Casino Industry: A Look at 2017 and Expectations for 2018
The global casino industry has staged continued growth for years, even in the face of adversity. Hiccups such as the 2008 housing crisis in the US, Europe’s debt crisis in 2010 and China’s financial crisis in 2017 have been offset
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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