This paper analyses the social cost of gambling in Macao before and after the liberalisation of the gaming industry from a welfare economic perspective. We identify seven principal items of social cost relating to gambling and, using data from 2003 and 2007, we calculate that the social cost of...

This exploratory study examined the effect of culture on per capita gross casino and lottery gambling turnover in a country-level analysis. Employing Hofstede's individualism and uncertainty avoidance, this study found that culture could provide some explanations why international gaming...