Presentation Type
Event
Location
Caesars Palace, Las Vegas Pompeian II
Start Date
30-5-2013 2:00 PM
End Date
30-5-2013 3:30 PM
Disciplines
Gaming and Casino Operations Management | Gaming Law | International Business | Law | Public Affairs, Public Policy and Public Administration | Statistics and Probability
Abstract
Taking into consideration of the unique features and practice of casino gaming, the significance of law in the development of this industry, and the onging interactions between law, the industry’s succeeding performance and its spillover effects are generalized and illustrated in this paper. Based on the rationales of law and economics, and the institutional approach to economic analysis, a functional model is constructed to depict the related interplaying forces and the development of casino gaming. In principle, it is shown that business scope and scale of casino gaming is largely defined by law on one hand, and the revisions of related regulations are interactively influenced by the industry’s performance and its spillover effects on the other hand. By compiling some related evidences from the major Asian casino jurisdictions (Macao, Singapore, Malaysia, South Korea), it is revealed that the practice of casino gaming is indeed a combined dynamics of law and its spillover effects.
Included in
Gaming and Casino Operations Management Commons, Gaming Law Commons, International Business Commons, Public Affairs, Public Policy and Public Administration Commons, Statistics and Probability Commons
Session 3-3-B: The interplay between law, development and spillover effects of casino gaming: Theory and the Asian evidences
Caesars Palace, Las Vegas Pompeian II
Taking into consideration of the unique features and practice of casino gaming, the significance of law in the development of this industry, and the onging interactions between law, the industry’s succeeding performance and its spillover effects are generalized and illustrated in this paper. Based on the rationales of law and economics, and the institutional approach to economic analysis, a functional model is constructed to depict the related interplaying forces and the development of casino gaming. In principle, it is shown that business scope and scale of casino gaming is largely defined by law on one hand, and the revisions of related regulations are interactively influenced by the industry’s performance and its spillover effects on the other hand. By compiling some related evidences from the major Asian casino jurisdictions (Macao, Singapore, Malaysia, South Korea), it is revealed that the practice of casino gaming is indeed a combined dynamics of law and its spillover effects.
Comments
Moderator: I. Nelson Rose
Session 3-3-B Global Perspectives on Gambling, Law, and Regulation
File: Paper