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Regulatory Failures of the Corporate Casino Model: A Commentary on Anthony Cabot's Casino Redux.

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Τίτλος: Regulatory Failures of the Corporate Casino Model: A Commentary on Anthony Cabot's Casino Redux.
Συγγραφείς: Simeon-Rose K; Washington State University, Carson College of Business, 915 N. Broadway, Everett, WA, 98112, USA. Kahlil.Simeon-Rose@wsu.edu.
Πηγή: Journal of gambling studies [J Gambl Stud] 2026 Jun; Vol. 42 (2), pp. 439-444. Date of Electronic Publication: 2026 Feb 18.
Τύπος έκδοσης: Journal Article
Γλώσσα: English
Στοιχεία περιοδικού: Publisher: Human Sciences Press, Inc Country of Publication: United States NLM ID: 9425991 Publication Model: Print-Electronic Cited Medium: Internet ISSN: 1573-3602 (Electronic) Linking ISSN: 10505350 NLM ISO Abbreviation: J Gambl Stud Subsets: MEDLINE
Imprint Name(s): Original Publication: New York, N.Y. : Human Sciences Press, Inc., c1990-
Ιατρικοί όροι (MeSH): Crime*/legislation & jurisprudence , Crime*/prevention & control , Gambling* , Government Regulation*, Ownership/legislation & jurisprudence ; Humans ; China
Περίληψη: The corporatization of the casino industry represents one of gambling regulation’s great success stories. Through comprehensive licensing regimes, background investigations, and corporate ownership laws, regulators successfully displaced direct organized crime control that characterized mid-twentieth century casinos. Yet Anthony Cabot’s Casino Redux: Unveiling the Global Casino Network of Chinese Organized Crime (2025) reveals that this corporate model has generated its own systemic vulnerabilities. Drawing on Cabot’s archival examination of regulatory failures across multiple jurisdictions, this commentary argues that incentive alignment failures, including revenue incentives for executives, government dependency on gaming taxes, and the emergence of operators described by Cabot as ‘too big to fail’, have created conditions for indirect organized crime involvement that may prove as damaging as the direct ownership it replaced. The ‘Macau Model’ and ‘Vancouver Model’ demonstrate how legitimate corporations, through junket relationships and anti-money laundering failures, have become unwitting facilitators of transnational criminal enterprise. Addressing this new form of capture requires regulatory and governance reforms distinct from those that succeeded against the American Mafia.
Competing Interests: Declarations. Competing interests: KP declares the following financial interests/personal relationships which may be considered as potential competing interests
References: Adler, E. (2022). Nevada regulators’ vital role through the growth of gaming. Gaming Law Review, 26(3), 165–176. (PMID: 10.1089/glr2.2021.0028)
Bernhard, B. J., Green, M. S., & Lucas, A. F. (2008). From maverick to mafia to MBA: Gaming industry leadership in Las Vegas from 1931 through 2007. Cornell Hospitality Quarterly, 49(2), 177–190. (PMID: 10.1177/1938965508316449)
Cabot, A. (2025). Casino redux: Unveiling the global casino network of Chinese organized crime. Huntington.
Cooper, S. (2021). Wilful blindness: How a network of narcos, tycoons and CCP agents infiltrated the west. Optimum Publishing International.
Cullen, A. F. (2022). Commission of inquiry into money laundering in British Columbia: Final report. Government of British Columbia. https://cullencommission.ca/files/Combatting_Money_Laundering_Report.pdf.
Eadington, W. R. (1984). The casino gaming industry: A study of political economy. The Annals of the American Academy of Political and Social Science, 474, 23–35. http://www.jstor.org/stable/1044361. (PMID: 10.1177/0002716284474001003)
Ferentzy, P., & Turner, N. (2009). Gambling and organized crime—a review of the literature. Journal of Gambling Issues (23), 111–155.
Finkelstein, R. (2021). Royal Commission into the Casino Operator and Licence: Final Report. Government of Victoria. https://rccol.archive.royalcommission.vic.gov.au/.
German, P. M. (2018). Dirty money: An independent review of money laundering in lower mainland casinos conducted for the attorney general of British Columbia. Peter German & Associates Inc. https://news.gov.bc.ca/files/Gaming_Final_Report.pdf.
Lo, T. W., & Kwok, S. I. (2017). Triad organized crime in Macau casinos: Extra-legal governance and entrepreneurship. British Journal of Criminology, 57(3), 589–607.
Owen, N. J., Jenkins, C. F., & Murphy, C. (2022). Perth casino royal commission: Final report. Government of Western Australia. https://www.wa.gov.au/government/publications/perth-casino-royal-commission-final-report.
SEC Whistleblower Program. (n.d.). Retrieved January 28 (2026). from https://www.sec.gov/enforcement-litigation/whistleblower-program.
Contributed Indexing: Keywords: Casino regulation; Corporatization; Gambling law; Junket operations; Money laundering; Organized crime; Regulatory capture
Entry Date(s): Date Created: 20260218 Date Completed: 20260627 Latest Revision: 20260627
Update Code: 20260628
DOI: 10.1007/s10899-026-10482-7
PMID: 41706358
Βάση Δεδομένων: MEDLINE
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  – Url: https://dx.doi.org/doi:10.1007/s10899-026-10482-7
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Items – Name: Title
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  Data: Regulatory Failures of the Corporate Casino Model: A Commentary on Anthony Cabot's Casino Redux.
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  Data: <searchLink fieldCode="AU" term="%22Simeon-Rose+K%22">Simeon-Rose K</searchLink>; Washington State University, Carson College of Business, 915 N. Broadway, Everett, WA, 98112, USA. Kahlil.Simeon-Rose@wsu.edu.
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  Data: <searchLink fieldCode="JN" term="%229425991%22">Journal of gambling studies</searchLink> [J Gambl Stud] 2026 Jun; Vol. 42 (2), pp. 439-444. <i>Date of Electronic Publication: </i>2026 Feb 18.
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  Data: <i>Original Publication</i>: New York, N.Y. : Human Sciences Press, Inc., c1990-
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  Data: <searchLink fieldCode="MM" term="%22Crime%22">Crime*</searchLink>/<searchLink fieldCode="MM" term="%22Crime+legislation+%26+jurisprudence%22">legislation & jurisprudence</searchLink> <br /><searchLink fieldCode="MM" term="%22Crime%22">Crime*</searchLink>/<searchLink fieldCode="MM" term="%22Crime+prevention+%26+control%22">prevention & control</searchLink> <br /><searchLink fieldCode="MM" term="%22Gambling%22">Gambling*</searchLink> <br /><searchLink fieldCode="MM" term="%22Government+Regulation%22">Government Regulation*</searchLink><br /><searchLink fieldCode="MH" term="%22Ownership%22">Ownership</searchLink>/<searchLink fieldCode="MH" term="%22Ownership+legislation+%26+jurisprudence%22">legislation & jurisprudence</searchLink> ; <searchLink fieldCode="MH" term="%22Humans%22">Humans</searchLink> ; <searchLink fieldCode="MH" term="%22China%22">China</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: The corporatization of the casino industry represents one of gambling regulation’s great success stories. Through comprehensive licensing regimes, background investigations, and corporate ownership laws, regulators successfully displaced direct organized crime control that characterized mid-twentieth century casinos. Yet Anthony Cabot’s Casino Redux: Unveiling the Global Casino Network of Chinese Organized Crime (2025) reveals that this corporate model has generated its own systemic vulnerabilities. Drawing on Cabot’s archival examination of regulatory failures across multiple jurisdictions, this commentary argues that incentive alignment failures, including revenue incentives for executives, government dependency on gaming taxes, and the emergence of operators described by Cabot as ‘too big to fail’, have created conditions for indirect organized crime involvement that may prove as damaging as the direct ownership it replaced. The ‘Macau Model’ and ‘Vancouver Model’ demonstrate how legitimate corporations, through junket relationships and anti-money laundering failures, have become unwitting facilitators of transnational criminal enterprise. Addressing this new form of capture requires regulatory and governance reforms distinct from those that succeeded against the American Mafia.
– Name: Abstract
  Label: Competing Interests
  Group: Ab
  Data: Declarations. Competing interests: KP declares the following financial interests/personal relationships which may be considered as potential competing interests
– Name: Ref
  Label: References
  Group: RefInfo
  Data: Adler, E. (2022). Nevada regulators’ vital role through the growth of gaming. Gaming Law Review, 26(3), 165–176. (PMID: <searchLink fieldCode="PM" term="%2210%2E1089%2Fglr2%2E2021%2E0028%22">10.1089/glr2.2021.0028)</searchLink><br />Bernhard, B. J., Green, M. S., & Lucas, A. F. (2008). From maverick to mafia to MBA: Gaming industry leadership in Las Vegas from 1931 through 2007. Cornell Hospitality Quarterly, 49(2), 177–190. (PMID: <searchLink fieldCode="PM" term="%2210%2E1177%2F1938965508316449%22">10.1177/1938965508316449)</searchLink><br />Cabot, A. (2025). Casino redux: Unveiling the global casino network of Chinese organized crime. Huntington.<br />Cooper, S. (2021). Wilful blindness: How a network of narcos, tycoons and CCP agents infiltrated the west. Optimum Publishing International.<br />Cullen, A. F. (2022). Commission of inquiry into money laundering in British Columbia: Final report. Government of British Columbia. https://cullencommission.ca/files/Combatting_Money_Laundering_Report.pdf.<br />Eadington, W. R. (1984). The casino gaming industry: A study of political economy. The Annals of the American Academy of Political and Social Science, 474, 23–35. http://www.jstor.org/stable/1044361. (PMID: <searchLink fieldCode="PM" term="%2210%2E1177%2F0002716284474001003%22">10.1177/0002716284474001003)</searchLink><br />Ferentzy, P., & Turner, N. (2009). Gambling and organized crime—a review of the literature. Journal of Gambling Issues (23), 111–155.<br />Finkelstein, R. (2021). Royal Commission into the Casino Operator and Licence: Final Report. Government of Victoria. https://rccol.archive.royalcommission.vic.gov.au/.<br />German, P. M. (2018). Dirty money: An independent review of money laundering in lower mainland casinos conducted for the attorney general of British Columbia. Peter German & Associates Inc. https://news.gov.bc.ca/files/Gaming_Final_Report.pdf.<br />Lo, T. W., & Kwok, S. I. (2017). Triad organized crime in Macau casinos: Extra-legal governance and entrepreneurship. British Journal of Criminology, 57(3), 589–607.<br />Owen, N. J., Jenkins, C. F., & Murphy, C. (2022). Perth casino royal commission: Final report. Government of Western Australia. https://www.wa.gov.au/government/publications/perth-casino-royal-commission-final-report.<br />SEC Whistleblower Program. (n.d.). Retrieved January 28 (2026). from https://www.sec.gov/enforcement-litigation/whistleblower-program.
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