World Series of Politics Episode 9: Las Vegas, Macau and illegal gambling
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Brendan argues that Las Vegas is now the sports and entertainment capital of the world. Nevada’s gaming revenue has topped $1bn for 20 straight months.
Las Vegas is the sports and entertainment capital of the world. There are NFL and NHL franchises in the city and rumours of a MLB franchise joining.
The licensing renewal process in Macau has come to an end. The six incumbents have prevailed despite a late challenge from Genting. Macao has effectively been shut off for the past three years.
$510.9bn is wagered offshore each year. AGA chief executive Bill Miller has warned illegal gambling is an existential threat to the industry.
Brendan believes the negative coverage of the gambling industry is just an evolution of it. The industry pays a lot of taxes, but it's creating a great deal of value and economic development.
