A trade based view on casino taxation: market conditions.

Publisher: Human Sciences Press, Inc Country of Publication: United States NLM ID: 9425991 Publication Model: Print Cited Medium: Internet ISSN: 1573-3602 (Electronic) Linking ISSN: 10505350 NLM ISO Abbreviation: J Gambl Stud Subsets: MEDLINE

Original Publication: New York, N.Y. : Human Sciences Press, Inc., c1990-

Commerce/*economics ; Financial Management/*economics ; Gambling/*economics ; Taxes/*statistics & numerical data; Financial Management/statistics & numerical data ; Humans ; Macau ; Public Policy/economics ; Social Control Policies

This article presents a trade based theory of casino taxation along with empirical evidence found from Macao as a typical tourism resort. We prove that there is a unique optimum gaming tax in a particular market for casino gambling, argue that any change in this tax is engendered by external demand shifts, and suggest that the economic rent from gambling legalization should be shared through such optimal tax between the public and private sectors. Our work also studies the tradeoff between economic benefits and social costs arising from casino tourism, and provides some policy recommendations for the sustainable development of gaming-led economies. The theoretical arguments in this article turn out to be consistent with empirical observations on Macao realities over the recent decade.

J Gambl Stud. 2003 Summer;19(2):149-84. (PMID: 12766468)
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Date Created: 20130828 Date Completed: 20150902 Latest Revision: 20211021

20250114

10.1007/s10899-013-9407-4

23979590