Word: localizations
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...called blue laws in states from Connecticut to Indiana restrict the sale of alcohol on Sunday, as do local regulations elsewhere. Arguments about repealing these laws broke out in 2009 as the recession swelled, and the promise of extra income started to weigh more heavily against religious reservations. Valentine's Day has exacerbated the issue in at least nine states, where restaurants and revenue-sensitive politicians would prefer not to lose out on the holiday cash...
...Such fees may help discourage gambling addicts from throwing their salaries away. But they are also likely to be a hurdle in building up the number of local gamblers and will likely force casino operators to depend more on foreign "high-rollers" to turn a profit. That strategy has its risks, analysts say. Noel-Johnson, for instance, points out that 72% of visitors to Genting's resort in the Malaysian highlands are local "day-trippers," and more than half the visitors to Macau's casinos are gamblers from Hong Kong and Guangdong province who bet with limited cash...
...Resorts World Sentosa executives, for their part, say they were aware of the local entrance fees before they bid for the casino. They counter that they have a diverse range of entertainment offerings, including the Universal Studios theme park as well as fine dining and hotels, and so are not solely reliant on gaming. (Local families who elect to only visit Universal Studios and not gamble, for instance, would not have to pay the casino entrance fee.) "Resorts World is on track to reach its target of 13 million visitors in its first year of operations," says Robin Goh, Assistant...
...Vedanta's aluminum subsidiary plans to invest $2.5 billion to extract some 78 million tons of bauxite from the Niyamgiri mountain. Its chief operating officer, Mukesh Kumar, insists that the mine will benefit the Dongria - the company will set aside 5% of the mine's pretax profits for a local development agency - and that it has followed all the relevant Indian laws. "Whatever we do, we do in a transparent manner," he says. Yet the Dongria have become a cause célèbre. Bianca Jagger and the British actress Joanna Lumley have taken up their fight...
...luge event is still scheduled to start late Saturday afternoon local time. After an investigation, Olympic officials concluded that athlete error, not a track deficiency, was ultimately responsible for the accident. Of course, that explanation won't assuage everyone. "This is a time for sorrow," Rogge said on Friday. "This is not a time to look for reasons...