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
Resorts World Las Vegas Moves One Step Closer to Reality
Resorts World Las Vegas, to be built by the Malaysia-based Genting Group, came one step closer to reality when a three-member panel of the Nevada Gaming Control Board gave preliminary approval for a range of applications by the company, such as the
Australia’s Casino Industry Continues its Expansion
Australia’s casino industry is anticipating continued strong business from Chinese and Indian tourists as it expands across the nation. The industry will be spending more than 15 billion Australian dollars (AUD) over the next decade to build new luxury
Macau Casino Revenues Down Less than Expected in April 2016
Macau casino revenues fell by 9.5% on a year-on-year basis in April 2016 to $2.2 billion, according to data from Macau’s Gaming Inspection and Coordination Bureau. This marks the twenty-third consecutive month of declines. Macau’s casinos have been
Visa Restrictions from China Sharply Hit Macau’s Growth
Macau’s growth has been sharply hit as anti-corruption regulations in China, along with a ban on smoking in the Macau casinos and visa restrictions for gambling in Macau
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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