GALLOWAY TWP., N.J. — Dr. Israel Posner, executive director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism (LIGHT) at the Richard Stockton College of New Jersey, recently lectured in Macau, China, which boasts a $45 billion casino industry.
Dr. Posner spoke to students in their fourth year of studies in the Bachelor’s degree program in Gaming Management at the Macau Polytechnic Institute. More than 200 students are enrolled in the program, and when they graduate, most will go into management positions their gaming industry, he said.
“I spoke about Atlantic City’s history as a resort, its socio-economic background, the casino era as well as lessons learned and threats and emerging opportunities,” said Posner in a media release. “We discussed the very different casino regulatory environment in New Jersey versus Macau, the different tax structure, the high cost of housing for employees, how they attract and focus on the VIP [high roller] segment — brought in by VIP junket operators from mainland China, Taiwan and Hong Kong. The VIP segment that gambles in private VIP clubs represents 70 percent of Macau’s gaming revenue.”
Dr. Posner said that students and faculty in Macau were interested in how much dealers earn, the cost of living, and how government works with private industry here in Atlantic City (more…)