Gambling in China vs. USA By Nate Peterson. What can be gambled on? Well, pretty much anything can...

Gambling in China vs. USA

By Nate Peterson

What can be gambled on?

• Well, pretty much anything can be bet on.

• However the main casino games are Blackjack, poker, slots, and table games.

Gambling in China

• Casinos are illegal in mainland China.

• However in 1999 Macau reverted to Chinese control. And gambling licenses are granted there.

Macau

• Macau is a land mass just off the Southern shore of China.

• 11.8 million people made the trip to the Sands casino in Macau 2003.

• There are 14 casinos in Macau.

Why is gambling so popular among Chinese?

• Social Event.

• It is considered an acceptable social activity, even though it is illegal.

• It is a good way to make friends and business connections.

Money

• Financial Reasons.

• Chinese mainlanders for many years were not allowed to try to make money at casinos.

• Gambling at casinos provide a possible way to make money fast.

Boredom

• Many Chinese men after the opening of the market economy became extremely rich, but their wives have limited social activities.

Fun

• It may seem that Chinese business men do not have time to go to casinos, but in fact that is not true.

• Business men make frequent trips to Macau and Southeast Asia.

The Challenge

• The excitement and challenge.

• Gambling, especially at casinos, and especially at blackjack, there is always a possibility to outsmart the casinos.

• Gambling is an activity that creates a lot of excitement.

Gambling in the U.S.

• U.S. gambling mainly takes place in Casinos.

• 27 states currently have casinos and there are only 6 states that have no form of legal gambling.

Betting

• Sports betting is very popular. Including betting on horse races.

• Technically it is legal only in Las Vegas casinos with a sports book. However it occurs all over the U.S. through illegal bookies.

Poker

• Over the past 5 years there has been an explosion in the popularity in poker.

• There are many online sites that appeal to underage gamblers as well as adults who don’t have time to visit casinos.

Why??

• Professional poker players are being turned in to celebrities.

• The last three world series of poker were won by “dead money,” amateurs.

• People play because they can be the next Greg Raymer or Chris Moneymaker.

Facts

• 482 billion dollars was wagered in the United States last year.

• 85% was wagered in casinos.

• The Sands casino in Macau made 36 million in its first ten weeks.

Similarities

• Both Chinese gambling and US gambling mainly take place in casinos.

• Games that are bet on are the same generally. (blackjack, roulette)

• Reasons why people gamble.

Similarities

• Same chips are used.

• Tables are the same.

Differences

• Compared to western casinos, the atmosphere is unglamorous in Macau.

• There is a minimum bet, currently 50 patacas on all games.

Differences

• Number of places to gamble.

• China-14 Casinos

• Las Vegas-340 Casinos

THE END

• THE END

Bibliography

• http://www.statcan.ca/english/studies/• http://www.family.org/cforum/fosi/gambling/gitus/• Encyclopedia of Recreation and Leisure in

America. • Encyclopedia of Contemporary Chinese Culture. • http://www.gamblingmagazine.com/ManageA• http://chinese-school.netfirms.com/casinos.html