Some of the Best Casinos Across the Globe
Prior to the worldwide economic downturn, the global casino industry was surging ahead, seemingly unstoppable. Growth records were set between 2004 and 2008, with gross gaming revenues jumping 24% during these four years to US$358.0 billion.
Global Gaming Trends 2011: The Clear Picture
Despite the lull in the world economy, the global casino revenues climbed 5.2% to US$117 billion in 2011, marking a 2.2% rise over the figures reported in the previous year and the strongest development in the past decade. Three factors are expected to drive the global casino industry, enabling it to register robust profits in the forthcoming years:
- Growth of personal and disposable incomes in the developing nations
- The ever expanding middle class section of the population
- Expansion of the casino sector in the promising markets
- Gradual global economic recovery
- Growing acceptance of casinos
Singapore – The Perfect Counterpart to Macau
Despite being around for merely a couple of years and with barely two casinos, the revenues of Singapore’s gaming industry are set to surpass the revenues of the Las Vegas Strip. Hard to believe, but true!
When the Singapore government, known for its stringent legal and moral conduct, issued licenses to a couple of casinos in 2010, it took the world by surprise. The initial idea was to enhance the experience of tourists and provide them with a wide range of entertainment options and services. The strategy was to boost the tourism of the island.
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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