Social and Behavioral Sciences Commons^™

Tax Reform: Postitive Directions For A Better World, Lok Sang Ho

Hong Kong Economic Association Biennial Workshop

No abstract provided.

Tax Policy In Denmark (And Eu), Jens Holger Helbo Hansen

Hong Kong Economic Association Biennial Workshop

No abstract provided.

Optimal Income Tax For China, Shuanglin Lin, Chengjian Li, Jinlu Li

Hong Kong Economic Association Biennial Workshop

No abstract provided.

Hong Kong Tax Regime: Where Do We Go From Here?, Yvonne Law

Hong Kong Economic Association Biennial Workshop

No abstract provided.

Tax Reform And Democratic Reform In Hong Kong, Richard Simmons

Hong Kong Economic Association Biennial Workshop

No abstract provided.

Tax On Capital Income, Yong Wang, Wai Hong Ho

Hong Kong Economic Association Biennial Workshop

No abstract provided.

Examining The Essential Employability Attributes From Different Perspectives, Deanna To Lau, Charles Chan, Kelvin Chan, George Cheung, Oscar Ng, Shuk Yi, Ivy Liu, Po Lung, Prosper Chan

Practical Social and Industrial Research Symposium

No abstract provided.

Community Restoration: A Snapshot On How It Is Obtained And What Are The Effects?, Robert A. Bright, Wayne P. Carlton, Jordan L. Carrethers

Black Issues Conference

Community Restoration: A snapshot on how it is obtained and what are the effects?

The presentation examines some of the factors to a successful community restoration and what are the end results of a restored community especially when we participate in the process.

Session 4-2-E: The Effects Of Gaming Tax/Retention Rate On Casino Performance, Will E. Cummings

International Conference on Gambling & Risk Taking

Overview

Gaming Taxes affect investors in and operators of casinos

... and therefore casino performance

Gravity Models in general High variance from classical ideal

Variance tells us something about the impact of gaming tax rates

Session 4-1-C: Social Gaming: Problems, Policies And Predictions, Keith Whyte

International Conference on Gambling & Risk Taking

Discusses key issues with social gaming.

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

∆P_AE_A+t_A>c_î and ∆P_B(R_B+E_B)+t_B>c_Ĵ

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

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: Impacts Of The Structure Of The Casino Industry, William N. Thompson, Catherine Prentice

International Conference on Gambling & Risk Taking

This paper looks at impacts of the structures of casino industries in 13 American states venues. The legalization of casinos has been a major policy issue in scores of national and sub-national venues over the past 60 years. Among the critical issues in the legalization process has been the subject of whether casino establishments should be authorized as singular, that is, monopoly, entities in a specific location (city, state, or nation) much as public utilities, or they should be licensed in an open market free competitive manner. A middle ground approach find venues allowing a limited number of licenses, ergo, …

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

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 3-2-B: Paspa: An Unconstitutional Patent, Kevin P. Braig

International Conference on Gambling & Risk Taking

The Professional and Amateur Sports Protection Act (“PASPA”) is a patent monopoly because the statute (A) imitates the Crown’s practice of allocating markets by patent; (B) functions like a patent issued under the United States Patent Code; and (C) imposes monopoly-like costs upon the public. The Constitution’s Patent Clause is a brilliant public financing scheme and unique in that it is the only grant of power to Congress in the Constitution that begins with a specific prescription of proper legislative purpose. Congress cannot grant just any person a patent monopoly for any purpose. Rather, Congress can grant a patent monopoly …

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 3-1-B: Online Gambling And Money Laundering, Ingo Fiedler

International Conference on Gambling & Risk Taking

Introduction

Money laundering is the process by which criminals attempt to conceal or disguise the nature, location, source, ownership or control of their ill-gotten gains, so as to make it possible to invest or consume the proceeds of crime (Masciandaro1999)

Money laundering (Unger, 2007):

• distorts prices, consumption, saving and investment rates;
• increases the volatility of import/export levels, the demand for money, interest and exchange rates, as well as the availability of credit;
• threatens the solvability and liquidity, as well as the reputation and profitability of the financial sector;
• Endangers the continuance of foreign direct investment (FDI)
• Acts as a multiplier …

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: Intellectual Capital And The Gaming Industry, Mikael B. Ahlgren

International Conference on Gambling & Risk Taking

Description of what intellectual capital is.

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

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 2-3-E: An Analysis Of Ahp On Investment Project Evaluation: A Case Study Of Matsu Integrated Resort, Day-Yang Liu

International Conference on Gambling & Risk Taking

Background

Governments are increasingly liberalizing gambling in hope of reaping economic and developmental benefits.

The business models of gambling industry are developing toward the concept of large, integrated resort-casino.

The referendum of allowing casino gaming business in Matsu was passed on July 7th, 2012.

It is expected to improve transportation facilities, boost local economy and tourism.

This gives Matsu the opportunity to build the first integrated resort-casino in the Taiwan area.

Session 2-3-E: Integrated Resort And Casino Law In An Asset-Inflated Japanese Economy, Sasaki Kazuaki

International Conference on Gambling & Risk Taking

Japan has one of the big gaming markets, which includes various games such as lottery, horse racing, motorcycle racing, bicycle racing, motorboat racing, and pachinko and pachinko-slot machines. While games like lottery, horse racing, motorcycle racing, speed boat racing, and bicycle racing are managed by the public sector, Pachinko and Pachinko-slot games are managed by private companies. The Japanese gaming market is worth around 240 billion US $.

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

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

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

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

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

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 …