“Casino regulatory policy is systematically wrong”

 mar26

Economist Andrew Russel challenges the oversimplified economic view of casinos as “polluting factories”, highlighting their utilitarian and transactional functions to redefine the economic framework they should live in.

Speaking at the Regulating the Game 2026 conference in Sydney, Russell argued that replacing the “casinos as polluting factories” analogy with a framework rooted in New Institutional Economics (NIE) is the only way to modernize a regulatory landscape that currently serves government interests far more than the public or the industry.

The traditional factory model rests on the idea of mass production and economies of scale. Factories exist to lower production costs. If casinos were truly “gambling factories”, Russell points out, several daily operational realities would make no sense.

https://agbrief.com/news/world/10/03/2026/casino-regulatory-policy-is-systematically-wrong-redefining-casinos-economic-purpose/?utm_source=Asia%20Gaming%20Brief&utm_campaign=1625e1a172-AGB%3A%20%2302342%20Wednesday%2C%2011th%20March%2C%202026&utm_medium=email&utm_term=0_51950b5d21-1625e1a172-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A%20%2302342%20Wednesday%2C%2011th%20March%2C%202026%29&goal=0_51950b5d21-1625e1a172-%5BLIST_EMAIL_ID%5D&mc_cid=1625e1a172&mc_eid=31e20475e6

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