...Ethics & Gambling Matthew J. Nagle Sociology 120 Kathleen Marker 5/14/2013 The extent of gambling in our state has just exploded with all the casinos that are erected and functional across Pennsylvania. I can go to about six casinos with the closest being approx. three miles to an estimated sixty miles and that is just in the eastern part of the state. “Gambling has been a part of human culture since history was first recorded. It involves three elements: consideration, chance, and reward” (McAuliffe, 2006). I speak of this because after years of experience gambling legally and illegally, I still find myself in moral and ethical situation from time to time. Furthermore, I often wonder where the social and ethical responsibility lye, on the patron only or do we place some of the burden on the casinos and bookmakers. “Compulsive gambling is a serious disorder, as exhibited by extraordinarily high rates of suicide, severe depression, alcohol abuse, and crime” (Unknown). Understanding, that a casino has tracked, recorded your every move in and out, and, every monetary transaction you have attempted and completed in said casino. There must be an equal footing for each to accept responsibility for acting irresponsible. In my findings, I intend to reveal ethical issues related to problem gamblers, casino promotions, and enticements, overall ethical concerns involving both state and church, and finally, some examples to tie it all together. For now, let us look at how...
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...based on the trends 6 4 Recommendations 6 References List 8 Executive Summary The purpose of this report is to evaluate whether Woolworths is worth for invest and offer some suggestions to the client who is concerned about Woolworths in terms of ethical and share price. First of all, it provides the definition of ethical investing and background information about Woolworths. Secondly, it will briefly describe the situation of pokies machines in Australia and explain why gambling industry is unethical. Then, this report will illustrate the trends of Woolworths share price history over a 10-year period and give an evaluation based on the trends. The result of this report shows that although Woolworths is a profitable business entity, it has ethical problems in terms of gambling. This report recommends that Woolworths is not an appropriate choice for investor at the present time. Nevertheless, this report also advises that the client should be better to note the latest news of Woolworths to ensure whether it is worth investing in the future because Woolworths might abandon investing in gambling in the future. 1 Introduction An important part in making an investment decision is identifying whether there are ethical issues in a business entity because any unethical issues may have negative impacts on its profit. For example, most customers may refuse to buy the blood diamond from Africa since it may fund anti-government protesters to purchase arms. Cowton (cited...
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...Entrepreneurship Assignment for Course: – Legal, Ethical and Social Value of Business Submitted to: Professor Submitted by: Muzna Ali Date of Submission: March 2012 Title of Assignment: Term paper CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data, ideas of words, whether quoted directly or paraphrased. I also certify that this paper was prepared specifically by us for this course. ************************************************************* Instructor’s Grade on Assignment: Instructor’s Comments: Integrating Values - The Legality, Morality, and Social Responsibility of Bodog Online Gambling- Legal and Moral Issues Table of Contents Abstract- Muzna Ali………………………………….………………………………………...…4 Introduction- Muzna Ali………………..………………………………...……………………….5 Introduction to Legal Section- Byron Creech……………………..…….………………..……….6 Utilitarian Ethical Analysis – Wendy Burrion……………….…………………………….…….11 Kantian and Additional Ethical Theory- Princess McIntosh……………………………………13 ...
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...A 1. What are John’s ethical issues? - Misuse company resource pocketing profits from the shortingprocess by b uying and selling stocks without the client’s knowledge - Bribery paying for clients expenses. - Employee theft researching IPOs and using this informationto his advantage. - Time theft not giving the time and attention needed toproperly train new hires 2.Are there any legal considerations for John? Buying and selling their stocks without their knowledge isillegal. He would be fined for this behavior. 3.Discuss the implications of each decision John has made andmay take in the future to handle his situation. What he has done leading him tohave problems with Cessnaand Turtles because they are not risk-takers. Hisreputationwill be harm sharply in this situation.In order to cover his frauds, he is going to negotiate with SEC tohandle the situation.He may give bribes for some investigators. C ACME Corporation resolving ethical business challenges* 1.What are the potential ethical issues faced by Acme Corporation?- Engaging bribery in business: Frank offered brides to Otis tosecure the sales.- In case, Themorecare becomes aware of this practice, it is supposed that Acme’s product having pr oblems=defectiveproducts led to these kick-backs lose either reputation orrevenues. 2.What should Acme do if there is a desire to make ethics a part ofits core organizational values? - Company has tobuild up a system...
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...1. What are the ethical and legal issues? A: In the research, Kent knows the target markets for Broadway’s video products are children aged 5 to 12 and teenagers aged 13 to 19. Males constitute 75 percent of the market. In the game designing, they keep using the sex, violence and gambling. Be a game designer, he cannot use people’s weakness to make the factor to illegal things to expand their incomes. 2. What are Kent’s options? A: Kent should give up his idea for the “Lucky” with develop the factor of sex, violence and gambling. And then look forward the new market with video game. He can focus in other game market. Arcade game target market is children. They cannot accept these factor to attract people to enjoy the game. But he can use other plant, like net game. They can control the people who want to play this game and set the game limited when they login the game. 3. Discuss the acceptability and commercial use of sex, violence, and gambling in the United States. A: In my opinion, the one of the most important thing is age. In United States, there have many relative legal about the age. For example, some video games have these factors. But they have age limit to accord with the legal. Also there are some other commercial can use of sex, violence and gambling. For example, the target markets aged are higher than 21. So they can use this factor to attract the people. 4. Are marketing sex, violence, and gambling acceptable in other countries if they fit their...
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...OMM640 WEEK: 1 DICUSSION #1 Read “Resolving Ethical Business Challenges” in Chapter 2 of your text, and then address the following points. Support your response with evidence from the text. * What are the ethical and legal issues at stake in the scenario? * What are Karl’s options? * Discuss the acceptability and commercial use of sex, violence, and gambling in the United States. * Is marketing sex, violence, and gambling acceptable in other countries if these things do not conflict with local cultures? A1. The ethical issue is that Kent has made a game that has both a lot of violence and nudity in it. He knows that the game would be marketing sex, violence, and gambling; and he knows that all three are bad to be imbedded into a teenagers mind. When he talks to Brad about these at first he does not understand why Kent has changed his mind about this game that will make the company lots of money. Then some legal issues come into play when Brad decided that he will look into other countries that will like this game and will buy it off of them. Brad said that for Mexican market they would love it but take out a little of the violence and that Taiwanese loves it but wants more graphic in violence and nudity. Q2. What are Kent’s options? A2. Kent’s options are to either stop the development of the game and to change some of the concepts and then remarket it. This could be gone by taking out some of the violence and not putting any nudity in it. His...
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...Penang Over the recent years, gambling has been defined as wagering of something with value on the aftermath of an event governed by an unavoidable segment of prospect for a reward with capital value, Gainsbury et al (2006). In addition to that, Eaves (2001) defined gambling as: “A simple definition of gambling would be, desiring the possession or possessions of another (prize) the gambler creates a risk (that of losing his own possession) in an attempt through chance to gain the possession or possessions of another with nothing given in exchange… It may be five thousand or five dollars, it may be fifty cents or one cent — the principle is the same, only the amount differs”. During a gambling session, cash is commonly wagered and won or lost or each of two directly through cash transactions, or discursively through tokens, credits and chips which have capital value. All other forms of entertainment joints are drawn in provisions of revenue through the gambling industry. Based on Mizerski’s (2012) gambling theory, industries correlated with gambling are now operational in most of the countries in Asia as well as in Western countries. The gambling industry’s activities are wide and international in scope. The author also stated that the biggest area of user entertainment revenue is represented by legal gambling world-wide and it even dwarfs other modes of entertainment such as the theme parks, music and movies. Ndubisi et al (2012) contend that gambling is a form of culture for most...
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...1. What are the ethical and legal issues? Kent has design a video game for teenagers that included sex, violence and some forms of nudity. Kent should know this type of video is not suited for teenagers. Brad does not seem to mind marketing this type of game to teenagers as long as his company makes a profit. Kent’s dad should not have encouraged him to continue working on the Lucky project. Although the project would create more jobs it would be at the expense of our teenagers. The game would have legal issues because it involves gambling, which is illegal in some states and definitely illegal for teenagers. There may also be legal issues with selling an American made game to under age children in other countries. 2. What are Kent’s options? Kent can take a moral stand and turn down the new assignment which would probably leave him without a job or demoted. He could also go back to the drawing board and recreate the games according to how Brad would like to sell them. He would still have to consider how the game will affect teenagers in other countries or even on the internet. If he decides to continue working on the project, this would benefit the company’s revenue and bring new jobs for the company. He has to decide what is more important making a profit or taking a moral stand. 3. Discuss the acceptability and commercial use of sex, violence, and gambling in the United States? In the United States sex and violence are a part of most American everyday routine. The videos...
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...Internet Gambling With the internet growing bigger and bigger every day, more and more things are going to move to the digital frontier. One major activity making the move is casinos, with online gambling sites that will hopefully pull in more people. But because of the complicated laws revolving around gambling, it makes such site extremely hard to regulate and maintain. Even more so is the ethical issues with such services, and if they cause more harm than good. This is what I hope to discuss in this paper, and give my personal opinion on the matter. I would like to quickly cover the legality of online gambling, because it helps applies a truer understanding of the ethical dilemmas surrounding the issue. To the federal government, anything you can do in a casino is fair game for any website, but because each state also has its own gambling regulations, the final decision is down to them. To date, only several states have created legislation involving gambling over the internet, some allowing it, while some completely prohibit the activity. There are also so complicated, outdated law that applies to all gambling activates, such as the 1961 Wire Act that prohibits gambling on sporting events. These are all issues to consider when looking at the ethicality of online gambling. I would like to look at the issue with an Act Utilitarianism perspective, and try to figure out if the good outweighs the bad, or vice versa. Casinos bring in massive amounts of income for states through...
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...Jill, Choi, Kianna, Fisher, who shall enjoy their weekends in Vegas by playing Black Jack games while earning money to be getting rich; and Ben’s best friends, Cam and Miles, which are also Ben’s robotic team in their collage, who shall win the robotic competition. The main villain in this movie is Professor Micky Rosa, who is responsible for using his brilliant collage’s students to be getting rich by ordering them to play Black Jack games and take 25% of the money they have win, without him playing the game, while the hero is Ben Campbell, a mathematical genius student of Havard Medical School who really needs money to pay his school fees and very good in counting cards which enable him to win every time he plays Black Jack games. The ethical dilemma of Professor Micky Rosa is whether to stop ordering his students to play black jack game, or to pursuit using them as his team to win the game....
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...ISSUES IN E-COMMERCE Electronic commerce or ecommerce is a term for any type of business, or commercial transaction that includes the transmit of information across the Internet. Electronic commerce has expanded quickly over the past years and is anticipated to continue at this rate, or even step-up. The innovatory development of network technologies began electronic commerce as a global trend. E – Commerce utilizes electronic systems for not only buying and selling of the goods and services but also in marketing, supply management, fund transfer. Today most of the businesses rely on electronic systems at least at some points. World Wide Web, the resultant of Internetworking is the main contributor where telephone, mobile phone, fax also serve the purpose. Even though e-commerce technologies provide great benefits, any kind of online transaction give potential for immense misuse of these technologies. Several organizations become the target of e-commerce related crimes ranging from virus assault to business frauds, including e-mail theft, stealing sensitive data of person and credit card information. U.S government’s new internet fraud center does a survey that gathers and studies consumer complaints. Online auctions make nearly 50% of the complaints obtained by the center. Other major types of complaints are security and commodities complaints 16.7%, credit card complaints 4.8%, identity thefts generate 2.9% of the complaints, loss of business chances 2.5% and professional...
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...substantiate the discussion. This essay uses the definition of corporate social responsibility used by Enz (2010) conceptualizing CSR as‘ CSR is concerned with the integration of environmental, social, economic and ethical considerations into business strategies and practices’. It is generally believed that social responsibility plays more and more important role in organization. Firms with good social responsibility may attract better employees and raise current employee’s loyalty, commitment and motivation to the company. A sociallly responsible company can act ethically and be willing to improve society. There are four types of corporate social responsibility: the economic responsibility , the legal responsibility, the moral commitment and the discretionary responsibility. (Enz 2010) Economic responsibility means that the company has the duty to be profitable and productive and meet the consumer demands of society. Legal responsibility, such as the achievement of economic goals within the limitation of written law. Moral commitment observed by unwritten statutes, norms and connotative values which are gained from society. Discretionary responsibility, which means that volition or philanthrop. In addition, Enz (2010) presents that those parts bring about ethical business and social development. Therefore, corporate social responsibility should be considered into the company’s decision making. It is critical that organizations...
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...Legalizing Gambling: Is It Worth The Risk? Money. It is what drives most of us, and it’s no secret that the state of Hawaii is desperate for it. I saw on the news a few weeks ago the mayor’s big plan to fix Honolulu’s roads and heard that a hefty $150 million price tag that will come along with it. The piece on the news said that the state was unsure of where that money would come from and this got me wondering why hasn’t Hawaii legalized gambling? I used four sources to delve into both sides of this controversial topic. The first source is a report from CQ Researcher titled “Gambling in America” by Kenneth Jost. The second is an article from The Honolulu Star-Advertiser “On Politics” column, by Richard Borreca. The third resource I used to gather my information from is Gambling, from the Opposing Viewpoints series and lastly, I conducted an interview with a long time, self-proclaimed professional gambler, who wanted to keep their identity anonymous and asked only to be referred to as “Rush”. After exploring both sides of the topic I’ve come to the conclusion that the pro-gambling side wins. The evidence given by the supporters seems much more concrete and numbers based while the opponents seem to appeal to the public’s pathos using fallacies such as hasty generalizations and post hoc ergo propter hoc. There are many different forms of legalized gambling today, ranging from state lotteries, to commercial casinos, and Internet gambling. I’m going to focus on the two...
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...what they like to be seen as. Internet makes it available to communicate much easier with their clients. 2. How did Paddy Power go about building its service brand? * They have build different websites for different target groups. * They would like to be seen as fair, that’s why customers can get their money back in some situations. This makes the risk of betting a bit lower for the people who are involved. * They support charity organizations, for example with their strip poker contest. They have deals with other companies. * They don’t only focus on the high value customers, but on every customer. * They are seen as an entertainment company. * They have an abstract brand name, it’s not immediately linked to gambling. * It is globally available, very innovative and creative. * They have established themselves with a lot of advertising and were/are very well-known in the betting world. 3. Evaluate the services marketing mix used by Paddy Power. What are its strengths and weaknesses? Strengths:...
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...virtue, that a person should have. The top three answers were honesty, integrity, and a solid work ethic. Gambling is not an activity that could be described using any of these words. Gambling corrupts the values of the life, replacing them with greed and selfishness. It is a form of theft from taxpayers, encourages the neglect of children and jobs, attracts a criminal element, cultivates laziness and lends itself easily to other societal ills such as alcohol and drug use and prostitution. Gambling undermines the work ethic by offering a “something for nothing” attitude and leads people to profit by causing loss to others. Most proponents of gambling consider it to be harmless recreation. However, like the tobacco industry, the gambling industry relies and thrives on addiction. The bulk of the gambling industry’s profits come from problem and compulsive gamblers. In terms of casinos, they produce no wealth for anyone other than the owners. They do not produce a good to be manufactured or exchanged. Almost every dollar spent in a casino is utilized by the casino; -- it is sucked out of the community, not spent elsewhere, or put into a savings account. Gambling and casinos are not economic development. We, as a society, must choose to build a future on solid economic foundation, or build a casino economy where we say it does not matter. The social costs of gambling, the externalities, are hard to quantify. Every casino market has had to deal with rising crime, strained...
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