
Senate Panel of US State of Virginia Passes Casino Legislation Bill for Five Cities
The US state of Virginia is home to more than 8 million people. Over the last couple of years, more residents have been pushing policymakers to change the state’s gambling laws. Although the state had many gambling avenues in the 1800s, these were made illegal during

Increased Scrutiny and Litigation Pose Hurdles for Region C Casino Development in South-Eastern Massachusetts
The Region C casino license was the third and final destination casino property, legalised by the state of Massachusetts, in its 2011 Expanded Gaming Act. Under this act, the Massachusetts Gaming Commission (MGC) had authorised three

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

Step Aside, Bureaucrats, And Make Way for Progress
We have seen markets fail, right? Some are quick to site such instances and proclaim the benefits of government regulation. However, government failure is often hidden and only a handful of people seem to be

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

Trump’s America Takes One Step Forward, Two Steps Back
The US has imposed 25% tariffs on Chinese imports worth $34 billion. Beijing immediately retaliated with tariffs on $34 billion worth of US imports. The Trump administration is working on a second wave of tariffs on Chinese goods

Will Trumponomics Drive America into Another Recession?
The Trump economy received an “important endorsement” from Fed Chairman Jay Power, who said, “The US economy is in great shape…Most people who want to find jobs are finding them,” said an article published by Yahoo Finance on June

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,

Donald Trump: American Dream Coming True?
Donald Trump has been referring to the American Dream being over. And, of course, about how he would play an instrumental, as President, in reviving this dream. I wonder if Donald Trump actually understands the American Dream, and whether his policies are in synch

Moral Hazard and the Global Financial Crisis
Competition produces efficient outcomes when certain conditions hold. One of these is that all the agents involved have all the information that they need. However, in the real world, one often observes asymmetric information; the existence of asymmetric
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