The Economics of Gambling with Marty Goldman, Ep #37

Have you ever thought about the impact that gambling has on the global economy? Jeremy Olson, with Online United States Casinos, points out that casino gaming and sports betting are multi-billion-dollar industries. And each nation has its own laws about gambling and takes its own approach based on cultural preferences. But what are the economics of gambling? Marty Goldman—the SVP of Global Casino Operations at Carnival Corporation—leads a team of 2,600 casino professionals internationally. In this episode of Upthinking Finance™, we have a conversation about the side of gambling most people don’t think about. You will want to hear this episode if you are interested in...The history of the gaming industry [2:51] What’s driving the expansion of gaming? [8:43] The demographics gaming companies market to [10:41] States where gambling isn’t legal [12:32] Why sports betting has become a hot topic [15:45] The positive impact of the gambling industry [18:32] Is the gaming industry inherently bad? [23:31] Security and compliance in gaming [26:33] Cultural differences in the gaming industry [29:31] What is the house advantage? [34:22] Why include gambling on a cruise ship? [38:10] Marty’s favorite gaming movie(s) [41:09]Marty Goldman is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedThe HOPE ScholarshipCalifornia SplitCasinoRounders21Connect With Marty GoldmanConnect on LinkedInConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK