We're live from Las Vegas for episode nine, with Brendan Bussmann of B Global Advisors and Brandt Iden of Fanatics discussing the contrasting fortunes of two gambling hubs.

While Las Vegas is booming, Macau has effectively been cut off from the world for the past three years. With the concession renewal process now complete, how can it recover?

Back in the US, the importance of regulation has been highlighted by the American Gaming Association's report, which revealed $510.9bn is being wagered offshore every year. But its publication has coincided with a flurry of negative publicity in the US media.

Considering the tax burden on the industry, and the economic benefits it creates, is this in any way justified?