globalEDGE Blog - By Tag: macau

When an economic downturn lingers over a market, generating profits becomes extremely difficult for a business. However, there are a few ways to reduce this cyclical business risk. One of the ways happens to be with the use of international business tactics. Perhaps surprisingly, a casino located in Las Vegas, Nevada serves as a great example of this risk reduction strategy.

A global recession did very little to slow down the demand for one of life’s more entertaining sins: gambling. The only difference now is how they’re doing it and where they’re doing it. Macau, China has been flexing its increasing dominance in the gambling industry and local and state governments are increasingly pushing to legalize gambling as a way to increase tax revenues. Some states are even using mobile computing to allow gambling on the go!