Landmark GST Bill Opens India to a Common Market System

Landmark GST Bill Opens India to a Common Market System

Somewhere along the path of errors comes a cumulative benefit. India has passed the much-awaited Goods and Services Tax (GST). The Indian Parliament voted 197 in favour of this bill with none against in the Rajya Sabaha. This bill is being hailed as a landmark tax reform and the biggest since Independence. Under the new bill, the existing system of Value Added Tax (VAT)

Landmark GST Bill Opens India to a Common Market System

Landmark GST Bill Opens India to a Common Market System

Posted by: on Aug 20, 2016 | No Comments

Somewhere along the path of errors comes a cumulative benefit. India has passed the much-awaited Goods and Services Tax (GST). The Indian Parliament voted 197 in favour of this bill with none against in the Rajya Sabaha. This bill is being hailed as a landmark tax reform and the biggest since Independence. Under the new bill, the existing system of Value Added Tax (VAT)

Macau: Has China’s Jewel in the Gown Faded?

Macau: Has China’s Jewel in the Gown Faded?

Posted by: on Aug 12, 2016 | No Comments

Las Vegas Sands, the first western casino to open in Macau after deregulation, has posted a decline of 17% or $1.44 billion in revenues from operations in Macau in the second quarter. The operating income has also shrunk by 18% year-on-year. The cumulative effect of these two downslides is that the casino operator is currently facing 32%

Stu Ungar: Poker’s First Disruptive Innovator

Stu Ungar: Poker’s First Disruptive Innovator

Posted by: on Aug 1, 2016 | No Comments

When Forbes magazine compiled a list of the most disruptive trends in business, they defined “disruption” as something that “…displaces an existing market, industry, or technology and produces something new and more efficient and worthwhile. It is at once destructive and creative.” While the Davids of the business world shake up the Goliaths with disruption,

Bitcoin: Herald for Free Markets?

Bitcoin: Herald for Free Markets?

Posted by: on Jul 27, 2016 | No Comments

Imagine a currency that does not belong to any one country, owes no allegiance to geographical or political borders and exists only in virtual form. Now imagine the impact on the economies of the world when confronted by this relative newcomer in the currency category. Today, bitcoin is the most widespread Internet currency. It is

Germany’s Favorite Casinos

Germany’s Favorite Casinos

Posted by: on Jul 20, 2016 | No Comments

Laws governing casino operations in Germany were liberalized in 2008. In 2012, the new Interstate Treaty on Gambling (ISTG) 2012 put all games of chance under state monopoly and retained the earlier prohibition on online poker and online casino games. The 2012

Brexit: The Biggest Political Betting Event So Far

Brexit: The Biggest Political Betting Event So Far

Posted by: on Jul 12, 2016 | No Comments

The initial surprise over Brexit led to an outbreak of political betting. Coming close on the heels of the landmark Britain’s Leave Campaign was a flurry of activity aimed at either conserving wealth or an attempt to create wealth over the outcome of

Top Four Casinos Located on Beach Islands

Top Four Casinos Located on Beach Islands

Posted by: on Jul 1, 2016 | No Comments

Las Vegas is considered as the casino capital of the world, however Vegas is located in the middle of a desert. For those looking for a more idyllic setting, there is nothing like a long stretch of golden sand, the azure sea lapping at

Construction Underway on 3 New Casinos in New York State

Construction Underway on 3 New Casinos in New York State

Posted by: on Jun 17, 2016 | No Comments

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,

Crony Capitalism is on a Decline

Crony Capitalism is on a Decline

Posted by: on Jun 10, 2016 | One Comment

Crony capitalism is on a decline, according to the Economist’s index of crony capitalism created in 2014. The Economist index shows that in 2016, Russia has the highest amount of crony capitalism; crony sector wealth constitutes 18% of Russia’s GDP, out of

Resorts World Las Vegas Moves One Step Closer to Reality

Resorts World Las Vegas Moves One Step Closer to Reality

Posted by: on Jun 3, 2016 | No Comments

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