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Session 4-1-B: Casino Legalization As An Evolutionary Game -- Who Will Be The Next?, Miao He
Session 4-1-B: Casino Legalization As An Evolutionary Game -- Who Will Be The Next?, Miao He
International Conference on Gambling & Risk Taking
Introduction
For the community/governor who has a strong preposition to casino gaming (e.g., gambler, religious group), his/her motivation to participate/accept casino legalization is
∆PAEA+tA>cî and ∆PB(RB+EB)+tB>cĴ
What’s the motivation for the other community/governors who are neutral to casino gaming?
How the casino legalization process evolved and finally reached the equilibrium state?
Session 4-1-D: The Ant And The Grasshopper: Western Casino Operators In Macau And Singapore, Sudhir Kale
Session 4-1-D: The Ant And The Grasshopper: Western Casino Operators In Macau And Singapore, Sudhir Kale
International Conference on Gambling & Risk Taking
Objectives
Understand the impact of market conditions and managerial orientation on employee satisfaction, organizational identification, and service quality in Macau/ Singapore Casino Industry.
Highlight long-term adverse impact of poor service quality on market share and profitability.
Provide guidelines for action.
Session 3-4-B: Evaluating The Performance Of Macao’S Gaming Industry, Day-Yang Liu
Session 3-4-B: Evaluating The Performance Of Macao’S Gaming Industry, Day-Yang Liu
International Conference on Gambling & Risk Taking
The purpose of research
The stringently competitive nature of the casino entertainment market in the Macao necessitates that managers fully utilize knowledge expertise to increase efficiency in operations management.
Therefore, this study employs data envelopment analysis (DEA) model to estimate the efficiency and productivity of the casino entertainment industry in Macao.
Session 3-3-F: Measuring The Price Of Discrimination With Data On Poker Games, Ingo Fiedler
Session 3-3-F: Measuring The Price Of Discrimination With Data On Poker Games, Ingo Fiedler
International Conference on Gambling & Risk Taking
Introduction
Economic theory suggests that discrimination is price sensitive and money an equalizer
This means that discrimination decreases the higher the private costs for the discriminator
Economic reasoning: Discrimination comes at a price for the discriminator
- Example: an employer discriminates against potential employees with a non-white skin tone and thus may miss the best employees who then work for a competitor.
- Imperfect competition leads to rents and rents can be used to discriminate and they can be discrimination in itself. [Jomo, 2003].
- Competition reduces discrimination
Session 3-1-E: Modeling Change In The Profile Of The Atlantic City Visitor, Brian J. Tyrrell, Israel Posner Ph.D.
Session 3-1-E: Modeling Change In The Profile Of The Atlantic City Visitor, Brian J. Tyrrell, Israel Posner Ph.D.
International Conference on Gambling & Risk Taking
The Atlantic City casino market has faced increasing competition over the past decade, particularly since the introduction of Pennsylvania gaming in 2006. In response to this increased competition, the State of New Jersey, through legislation, created a public private partnership to both redevelop parts of the city and devote significant marketing dollars into shaping the image of the city. The private side of that partnership, the Atlantic City Alliance (ACA), found in their earliest consumer research that Atlantic City’s image as a gaming destination was well established, but that the city was less known for the retail, entertainment and restaurants …
Session 2-4-E: Financial Evaluation Commonalities And Distinctions Expressed By 10-Ks With Two Libertarian Hospitality Segments: Casino Gaming And Gentlemen’S Clubs, David J. Paster
International Conference on Gambling & Risk Taking
Premise
Libertarian hospitality ventures are significantly and fundamentally different than current common hospitality fields such as lodging and restaurants due to their distinct business model composition.
Session 2-4-B: The Boomerang Effect, Jonathan Galaviz
Session 2-4-B: The Boomerang Effect, Jonathan Galaviz
International Conference on Gambling & Risk Taking
Today's Talk:
1. Ideas, not politics
2. Strategic outlook
3. Macro Focused
Session 2-4-B: Las Vegas: The Houston Of The Gaming Industry?, Bo J. Bernhard
Session 2-4-B: Las Vegas: The Houston Of The Gaming Industry?, Bo J. Bernhard
International Conference on Gambling & Risk Taking
Conclusions
Las Vegas is and must become an intellectual capital of the global gaming industry.
Internet gaming: new threats, new opportunities
Session 2-2-E: Slots Are To Las Vegas As Baccarat Is To Macau: A Game Analysis, Arthur Sai-Wai Wong
Session 2-2-E: Slots Are To Las Vegas As Baccarat Is To Macau: A Game Analysis, Arthur Sai-Wai Wong
International Conference on Gambling & Risk Taking
Money is reeling in the casinos in Las Vegas, while chips are rolling in the casinos in Macau. These two different phrases exactly symbolize the ways how these two different gaming jurisdictions make their prosperity.
There are several reels in the slot machines and as they are spun thousands and millions of times…money reels in, it creates the profit for the casinos in Las Vegas.
Baccarat players wager dead chips in the VIP rooms rolling thousands and millions of times…money rolls in, it creates the profit for the casinos in Macau.
Session 2-2-E: The Growth Trends In Macau’S Gambling Industy: A Scenario Analysis, Zhonglu Zeng
Session 2-2-E: The Growth Trends In Macau’S Gambling Industy: A Scenario Analysis, Zhonglu Zeng
International Conference on Gambling & Risk Taking
Macau’s Gambling Industry: A Brief Review
Macau’s gambling industry has experienced tremendous growth in the past 27 years. In 1985, the gambling revenue was only US$0.23 billion; in 2012, the figure reached US$38 billion. The compound annual growth rate is 22%.
Session 2-1-E: Betting Market Efficiency Implications Of Different Structures: Bookmakers Vs. Exchanges, David Mcdonald, Ming-Chien Sung, Johnnie Johnson Professor, John Peirson
Session 2-1-E: Betting Market Efficiency Implications Of Different Structures: Bookmakers Vs. Exchanges, David Mcdonald, Ming-Chien Sung, Johnnie Johnson Professor, John Peirson
International Conference on Gambling & Risk Taking
Outline
(i) Quick definition of market efficiency
(ii) Theoretical models lead to general predictions…
(iii) ...which lead to specific predictions about betting markets
(iv) Results of testing the predictions using real betting market data
(v) Implications and conclusion
Session 2-1-E: Toward An Understanding Of Price Movements In Betting Markets: Profitable Trading Against The Herd, Johnnie E.V. Johnson, Ming-Chien Sung, David C.J. Mcdonald
Session 2-1-E: Toward An Understanding Of Price Movements In Betting Markets: Profitable Trading Against The Herd, Johnnie E.V. Johnson, Ming-Chien Sung, David C.J. Mcdonald
International Conference on Gambling & Risk Taking
Efficient Market Hypothesis
Markets for speculative assets always fully incorporate relevant information in prices
Herding
Participants neglect private info, adjust actionsmore representative of previous price movements
Effect
Price volatility in excess of variations in fundament d informationBubbles, crashes and bank runs
Session 1-4-A: Results From The Swedish Longitudinal Gambling Study (Swelogs): Changes Between 1998, 2009, And 2010, Ula Romild, Jessika Svensson
Session 1-4-A: Results From The Swedish Longitudinal Gambling Study (Swelogs): Changes Between 1998, 2009, And 2010, Ula Romild, Jessika Svensson
International Conference on Gambling & Risk Taking
Public Health Objectives
1. The overarching aim of Sweden’s national public health policy is to create social conditions that will ensure good health, on equal terms for the entire population.
2. The aim for society’s measures against problem gambling is to reduce harm from exaggerated gambling.
Session 1-4-B: Gambling And Marijuana Use In The Netherlands: Is Legalization The Best Tool For Dealing With "Naughty Habits?", William N. Thompson, Laura K. Thompson
Session 1-4-B: Gambling And Marijuana Use In The Netherlands: Is Legalization The Best Tool For Dealing With "Naughty Habits?", William N. Thompson, Laura K. Thompson
International Conference on Gambling & Risk Taking
In 1976, the Netherlands embraced two policy initiatives which encompassed similar objectives. The policies sought to control “undesired substances” via the process of legalization. One legalization process involved casino gambling. The policies have sometimes led to desired results (the right road), while at other times they have led to undesirable results (the wrong road). Now in 2013, without an observable crossroad or even fork in the road, The Netherlands is poised to deviate from a right road to travel down a wrong road by placing rather severe restrictions upon the operations of “Coffee Houses” which have been “serving” customers measured …
Session 1-3-E: Hitting The Sweet Spot: Lottery Promotion And Vulnerability, Elisabeth Papineau, Jean-François Biron, Fanny Lemetayer, Amadou Barry
Session 1-3-E: Hitting The Sweet Spot: Lottery Promotion And Vulnerability, Elisabeth Papineau, Jean-François Biron, Fanny Lemetayer, Amadou Barry
International Conference on Gambling & Risk Taking
Literature about lottery marketing and vulnerability
Lottery advertising in Quebec
Project phases
Results
Conclusion
Session 1-2-F: Rationality And Risk Intelligence In Binary Betting, Raph Di Guisto, Aaron C. Brown, Nick Maughan
Session 1-2-F: Rationality And Risk Intelligence In Binary Betting, Raph Di Guisto, Aaron C. Brown, Nick Maughan
International Conference on Gambling & Risk Taking
We analyze 1.6 million binary bets on financial markets totaling $600 million in stakes, placed by 21,000 bettors at a large Internet betting site. The data set is unusually large and complete, plus has one additional important advantage: we can obtain objective independent estimates of the ex ante probability of winning each bet, using data from financial markets. This allows us to distinguish bettor profit due to superior prediction of financial events from bettor profit due to exploiting ex ante favorable odds situations. We focus on the degree or type of skill possessed by bettors (if any), and the amount …
Session 1-2-F: Sports As An Alternative Asset Class: Gambling As An Investment, Brendan Poots
Session 1-2-F: Sports As An Alternative Asset Class: Gambling As An Investment, Brendan Poots
International Conference on Gambling & Risk Taking
Genesis of the idea came in 2007 in NYC when studying at Columbia. The trading of sports utilising strategies and other traditional financial market practices was identified as a burgeoning opportunity.
Towards the end of 2007 a private Fund with owner’s capital was started.
Global Financial Crisis in 2008 – all asset classes lost value. Diversification did not work. The Olympics, the Superbowl, the World Series and all the Grand Slam tennis and golf tournaments went ahead unaffected.
Priomha Capital Sports Hedge Fund Founded in 2010
Global HQ – Melbourne
Trading office – London & Las Vegas (2014)
Priomha Capital …
Session 1-2-A: Building, Maintaining And Evaluating A Statewide Treatment Program For Problem Gambling, Timothy W. Fong
Session 1-2-A: Building, Maintaining And Evaluating A Statewide Treatment Program For Problem Gambling, Timothy W. Fong
International Conference on Gambling & Risk Taking
Shows how to build, maintain and evaluate programs for problem gambling
Program: The 15th International Conference On Gambling & Risk Taking, University Of Nevada, Las Vegas, University Of Nevada, Reno
Program: The 15th International Conference On Gambling & Risk Taking, University Of Nevada, Las Vegas, University Of Nevada, Reno
International Conference on Gambling & Risk Taking
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