UM  > Faculty of Business Administration
Casino Taxation in Tourism Resorts
Xinhua Gu; Guoqiang Li; Ricardo Chi Sen Siu
Source PublicationGaming Law Review and Economics
Other Abstract

Commercial gambling had experienced rapid growth worldwide for a few decades before the 2007–2009 global financial crises. There were only 15 jurisdictions in the world that had legalized casinos in the early 1970s, but the number of countries with legalized casinos rose quickly to 77 in the late 1980s, then to 130 in 2003. Many holiday resorts now operate casinos as a tourism attraction for economic growth, and some resorts even allow free entry of gaming firms to their markets. As a result, the world’s gross casino revenue (GCR) increased from less than US$2 billion in the early 1970s to over US$74 billion in 2004, rising further to US$125 billion in 2010. Total revenue from all gaming businesses (casinos, lotteries, racinos, horseracing, etc.) was estimated to have reached about US$300 billion in 2007. According to Datamonitor’s Industry Profile, casino gaming in the Asia-Pacific region is expected to undergo a double-digit rate of growth in gross gaming revenue (GGR) between 2009 and 2013, after this round of the global economic crisis.

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Document TypeJournal article
CollectionFaculty of Business Administration
AffiliationFaculty of Business Administration, University of Macau
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Xinhua Gu,Guoqiang Li,Ricardo Chi Sen Siu. Casino Taxation in Tourism Resorts[J]. Gaming Law Review and Economics,2012,16(5):274-277.
APA Xinhua Gu,Guoqiang Li,&Ricardo Chi Sen Siu.(2012).Casino Taxation in Tourism Resorts.Gaming Law Review and Economics,16(5),274-277.
MLA Xinhua Gu,et al."Casino Taxation in Tourism Resorts".Gaming Law Review and Economics 16.5(2012):274-277.
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