Gambling in China vs. USA

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Gambling in China vs. USA

• By Nate Peterson

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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.

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Gambling in China

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

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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.

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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.

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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.

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Boredom

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

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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.

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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.

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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.

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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.

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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 dont
  have time to visit casinos.

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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.

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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.

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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.

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Similarities

• Same chips are used.
• Tables are the same.

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Differences

• Compared to western casinos, the atmosphere is
  unglamorous in Macau.
• There is a minimum bet, currently 50 patacas on
  all games.

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Differences

• Number of places to gamble.
• China-14 Casinos
• Las Vegas-340 Casinos

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THE END

• THE END

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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