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