Taking other people’s money : development and the political economy of Asian casinos

Abstract

This article analyses Macau’s casinos as an example for accumulation by dispossession, in which they serve to transfer wealth from Mainland China to Macau and the casinos’ foreign investors. They also represent a model for economic development and this model has migrated to Singapore, where it also operates as a form of accumulation by dispossession. By requiring citizens to pay an entrance fee, Singapore’s casinos explicitly appropriate other people’s money. The efficacy for the use of casinos as economic development is interrogated here because Macau’s casino experience has emerged as a model for economic development in Asia beyond simply Singapore.