Submission Title
MACAU’S GAMING CONCESSIONS AND INDIAN GAMING IN THE U.S.: DEVELOPING POLICY-DRIVEN FRAMEWORKS TO REGULATE GAMING
Session Title
Session 1-2-C: Tribal Discussions
Presentation Type
Event
Location
Caesars Palace, Las Vegas, Nevada
Start Date
28-5-2019 11:00 AM
End Date
28-5-2019 12:25 PM
Disciplines
Business Administration, Management, and Operations | Gaming Law | Indigenous, Indian, and Aboriginal Law | International Business | Political Science | Public Affairs, Public Policy and Public Administration
Abstract
Abstract
Macau is the “gaming capital of the world.” After just 18 years of gaming in its modern era, Macau’s 41 casinos generate $33 billion in gaming revenue—a remarkable 70 percent of the city’s public funds.
Indian gaming in the U.S. has experienced similarly rapid growth under analogous circumstances, including outsize economic dependency and community impacts. In its three decades, Indian gaming has become a $32 billion industry with nearly 500 casinos operated by 242 American Indian tribes.
Although one might assume that Indian gaming and gaming in Macau could not be more different, we believe the similarities and potential lessons learned are striking. In this paper, we identify key points of comparison and difference between the Macau and U.S. gaming markets, focusing on the Indian gaming sector. We draw on lessons from both Macau and tribal gaming to advocate for legal and regulatory frameworks designed to facilitate achievement of public policy goals as well as profits.
Macau’s gaming concessions are slated to expire by 2022, creating a distinct opportunity to advance both public and private interests through legal and regulatory reform. Similarly, as legalized gambling continues to expand, U.S. jurisdictions have opportunities to consider policy-driven gaming laws and regulations.
Impact
This paper explores the previously unidentified comparisons between Macau’s gaming concessions model and the U.S. Indian gaming legal and regulatory framework. As Macau’s concessions for casino operations are scheduled to expire in 2020 and 2022, decision makers have an unprecedented opportunity to enhance the regulatory scheme for the betterment of the general public and commercial gaming interests alike. Drawing on both Macau and tribal gaming, this paper advocates for legal and regulatory frameworks that are designed to facilitate achievement of public policy goals through legalized gambling.
Keywords
Macau, Indian gaming, gaming concessions, gaming law, tribal casinos, American Indian
Funding Sources
No external funding sources other than the University of North Dakota's ongoing support for our research in the form of our salaried faculty positions.
Competing Interests
None.
MACAU’S GAMING CONCESSIONS AND INDIAN GAMING IN THE U.S.: DEVELOPING POLICY-DRIVEN FRAMEWORKS TO REGULATE GAMING
Caesars Palace, Las Vegas, Nevada
Abstract
Macau is the “gaming capital of the world.” After just 18 years of gaming in its modern era, Macau’s 41 casinos generate $33 billion in gaming revenue—a remarkable 70 percent of the city’s public funds.
Indian gaming in the U.S. has experienced similarly rapid growth under analogous circumstances, including outsize economic dependency and community impacts. In its three decades, Indian gaming has become a $32 billion industry with nearly 500 casinos operated by 242 American Indian tribes.
Although one might assume that Indian gaming and gaming in Macau could not be more different, we believe the similarities and potential lessons learned are striking. In this paper, we identify key points of comparison and difference between the Macau and U.S. gaming markets, focusing on the Indian gaming sector. We draw on lessons from both Macau and tribal gaming to advocate for legal and regulatory frameworks designed to facilitate achievement of public policy goals as well as profits.
Macau’s gaming concessions are slated to expire by 2022, creating a distinct opportunity to advance both public and private interests through legal and regulatory reform. Similarly, as legalized gambling continues to expand, U.S. jurisdictions have opportunities to consider policy-driven gaming laws and regulations.
Impact
This paper explores the previously unidentified comparisons between Macau’s gaming concessions model and the U.S. Indian gaming legal and regulatory framework. As Macau’s concessions for casino operations are scheduled to expire in 2020 and 2022, decision makers have an unprecedented opportunity to enhance the regulatory scheme for the betterment of the general public and commercial gaming interests alike. Drawing on both Macau and tribal gaming, this paper advocates for legal and regulatory frameworks that are designed to facilitate achievement of public policy goals through legalized gambling.
Comments
Looking forward to our fourth International! Thanks for your consideration!