Gambling: Asia and The U.S. Are 2 Different Worlds

Seeking Alpha – In 2009, I wrote a piece on the global economics of gambling. The subject interests me because I had previously determined what types of entertainment people spend the most money on. It turns out that drinking, “entertainment” drugs, and sex are at the top of the list, but gambling ranked a healthy sixth after restaurants and movies. My gambling data was provided by the Global Betting and Gaming Consultancy (GBGC). GBGC has worked with or supplied information to over 400 clients, the majority being blue chip organizations. I have found its gambling database to be the best…