...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 Social Responsibility- Aja Watkins…………………………………………………………...…17 Conclusion…………………………………………………………………….…………………22 References……………………………………………………………………..…………………24 Abstract –Muzna Ali The Bodog Online gambling company established by Arye...
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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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...count: 1210 | Table of contents Executive Summary 1 1 Introduction 2 2 Evaluation of the Woolworths in terms of ethic 3 3 Evaluation of the Woolworths in terms of share price history 5 3.1 A brief description of the trends 5 3.2 An evaluation 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...
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...Ethical Problems of Gambling Mary Champion SOC120: Ethical of Gambling Instructor: Shana Goodson September 3, 2012 The Ethics of Gambling The ethics around the gambling issue, both theoretically and reality is amazingly complicated. In 1996, the legislature established a commission to analyze the betting debate, particularly its impact on The United States during the past two years. For two years, the commissioners organized resident events around the country to collect views from every section of society (McGowan, 2007). Does the harmful side effect of legalized gambling far out weight any positive aspects? Over the last decade, including the launch of the National Lottery as well as admission to internet casino, the development associated with betting has become remarkable. Because of this phenomenal progress certain critical issues has been presented. Such as even though, gambling do not exactly employ a great track record. Most often experts view it as an addiction. Furthermore, the betting activities done inside gambling places, for instance poker, live dealer online roulette, dice, black jack, and wagering devices like the slots are regard as genuine and lawful types of gambling in the majority of countries. Betting at the any kind of competitions is also one lawful form of gambling in some places. Whole towns as far back anyone can think have been created on this pastime; providing thousands of people a way of life, leisure time, and others...
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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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...Social Responsibility The benefits and suggestions to adopt CSR The essay will discuss the topic of social responsibility. It will explain the how companies in controversial industry sectors maintain reasonable, socially responsible standards whilst making their strategic decision, and present what benefits they can gain from them. Throughout this essay, empirical research and examples from academic literature will be described to 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...
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...positioning and uniqueness to compete. For example, Venetian expands business to Cotai to penetrate non-gaming segment. Galaxy penetrates Asian customers, and Melco provide customers with good customer service. 4. Potential entries: Macau is the only place in China to be allowed by the government to have casinos. Therefore, there are no prospective entrants from the mainland. Moreover, Special Administrative Region (SAR) controls and permits to allow casinos in Macau. Thus, it is uneasy for new entrants to open new casinos in Macau. Furthermore, the number of gaming table for casinos has to be allowed by SAR. Such a rule is another obstacle for new entrants. 5. Substitutes: there are plenty of entertainments for buyers to choose besides gambling such as travelling, sports and so on. In conclusion, although prospective entrants may have difficulty to enter the industry, for current environment, Wynn confronts hard competition as well because of competitors, other entertainments, and laborers as explained above. Q2. In my opinion, institutional factors that support the industry are related and supporting industry and rivalry. Even though new entrants need to get permission from SAR before starting...
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...Gambling: The Refinement of Legal Regulations Political Science 1020E - 002 1938 words In the UK alone, 70% of adult citizens willingly engage in at least one type of gambling per year. While gambling is viewed as immoral by some, it is still also a source of entertainment for others. This hobby that can range from playing poker in Las Vegas to purchasing a three dollar scratch ticket, and whether the stakes are high or low, the government is wise for legalizing it. History has shown that when the state bans a common interest, even if it done with the intention of protecting the public from harm, criminal activity will arise in order to meet the demands of the citizens. The government can avoid these illegal activities by allowing the public access to gambling, and with control of gambling institutions governments can also make a significant revenue. This essay will discuss the economic advantage of government-controlled gambling, and the importance of refining current regulations in order to avoid harm towards those who choose to participate in gambling activities. The act of gambling is an act of free will, and liberty of the individual should be just as important to the government as the safety of its citizens. Since all actions have consequences, the government should claim responsibility for creating a public policy that ensures the least possible harm for the actions of its citizens. In the United States and Canada, 1.6 percent of adults are considered to be pathological...
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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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...Are the current corporate social responsibility policies employed by online gambling companies proportional to the psychological impact the industry has on its consumers? A critical review of the UK online gambling industry. Andrew Macdonald March 2013 MA (Soc) Business and Management University of Glasgow 1 CONTENTS 1 Introduction.....................................................................................................3 2 Literature Review............................................................................................5 Introduction and Definitions.................................................................................5 Justification of Research.....................................................................................8 CSR within Online Gambling.............................................................................10 Psychological Aspects of Online Gambling........................................................13 3 Methods.........................................................................................................19 4 Findings.........................................................................................................25 Survey Results...................................................................................................25 CSR Policies......................................................................................................30 Socially Irresponsible Practices............
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...necessarily fit snugly into one category. The top three ethical theories are deontological, utilitarianism, and virtue-based ethics – these are the theories under examination. Deontological Theory Also known as ‘duty-based’, ‘categorical imperative’, and ‘The Golden Rule’, deontology focuses on “decisions about what’s right [based] on broad, abstract universal ethical principles or values such as honesty, promise keeping, fairness, loyalty, rights (to safety, privacy, etc.), justice, responsibility, compassion, and respect for human beings and property” (Treviño, 2011, pg. 42). People following this ethical category believe moral principles outline the necessary obligations and duties – principles developed by biblical or religious beliefs and societal or government laws. A deontological person does not worry about the consequences of a decision. Their concerns focus on duty or moral obligations. In a professional capacity, the person follows instructions of managers or supervisors because it is his or her duty to respect authority, even if the instructions are unethical. Utilitarianism Theory The second most common category of ethical behavior is also known as ‘consequence-based’ or ‘teleological ethics’. In this category, people focus on decisions that result in the most benefits for the greatest number of people in a society. Utilitarianism ethics applies to much of the decision-making in the business world, as a company exerts an...
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...basically addiction. They gamble more and more and they cannot stop doing it. Then there comes other reasons such as challenging, socializing etc. Only 6% of the respondents said that they gamble to win money. Now let us see the other side of the spectrum. We have seen what attitude causes some people to gamble. Now let us see what attitude causes other not to gamble. This will be quite interesting. Because money comes first here. Fear of losing money is primary reason for not gambling. Then there comes ethical or moral concern. This will be more sought of prevalent in conservative societies. People tend to go with ethics, morals etc. Then there comes other reasons like Age: If you consider the age factor, youths in the age group of 18-30 are more likely to involve in gambling than the other age groups. Gender: This is quite obvious. Males are overwhelmingly involved in gambling than the females. Marital status: People who are single i.e; unmarried or divorced are more likely to be involved in gambling. The main reason is that they have less family obligations when...
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...Running head: GAMBLING 1 An Analysis of the Gambling Behaviors of Former Athletes Douglas G. Collinsworth Harvard University Abstract Introduction In the United States, maladaptive behaviors such as alcoholism, drug abuse, and problem gambling have been a continuing problem in our society. Unfortunately, it appears that these behaviors potentially manifest themselves in a group of individuals that have been viewed as role models for the youth of the nation. It appears that today’s superior athletes, at both the professional and college levels, may be more susceptible to these behaviors. The investigation being analyzed in this paper was conducted in 2010 by Stephen Weiss at The City University of New York. In a review other studies, Zuckowshi et al. (1990) mentioned the possibility that the general environment of gambling permissiveness has been increased by the media that has used sports pages and television networks to make available the necessary information for an illegal activity. Indirectly, it appears that the media may actually be promoting sports gambling. An apparent cultural contradiction of making available necessary information for an illegal activity has confronted the nation. Acknowledging the potential influence that sports stars may have on youth, Weiss (2010) set out to determine the prevalence of gambling behaviors among individuals...
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...Should Sports Gambling Be Legalized? Gambling is a common practice throughout human history, one that appeals to the individual’s desire for gain and offers the thrill of risk or uncertainty. Sports gambling is the “wagering of money or other items of value on the outcome of a sporting event, dependent either wholly or in part on chance” (Thompson, 2008, p. 1). Sports gambling generates billions of dollars annually, with large events like the Super Bowl or World Series alone able to generate wagers in the billions of dollars. This research will explore the arguments of those who oppose sports gambling and those who support it in order to answer the question: Should sports gambling be legalized? There are many individuals who support sports gambling. Though it is illegal in all states but Nevada to wager on individual sporting events in the U.S., a majority of sports gambling takes place between individuals or via Internet Web sites whose origins are offshore. Advocates of sports gambling argue it is a lucrative business that brings in billions of dollars of revenue, provides jobs, and offers consumers an opportunity for gain as well as a thrilling and even mesmerizing activity. As Headley (2007) notes, those individuals who support sports gambling often view it as a leisure activity where wise betting can payoff better than any kind of investment: “Many gamblers believe that gambling on sports will provide both an entertainment outlet and a way to work...
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...rapid growth of permitted gambling in the United States, much debate has risen over the positive and negative impacts of the gaming industry and casinos upon our society. Very little research has been done in the past to assess the influences upon our communities and our citizens. However, more and more issues are surfacing that are inducing much concern. The longer these establishments exist in our communities, the more their damaging effects are being felt. Those who are investigating this subject are coming to a unified conclusion: Casinos and gambling have many negative effects, far more than the few benefits that they provide. This country has undergone a gambling boom over the last two decades, and this popular past-time activity is still on the rise with new casinos being built every year. Before 1978, there were no casinos outside of Nevada (Grinols, 2006). Today there is some form of legalized gambling in every state except two: Hawaii and Utah. (Kearney, 2005) Commercial casino revenues increased 266% from $8.7 billion in 1990 to $31.8 billion in 1999. (NGISCR, 1999) Commercial casino revenues were recorded at $37.5 billion in 2007. (AGA, 2011) Revenues were recorded at 34.6 billion in 2010 (AGA, 2011), a staggering amount even after the drastic economic decline our economy endured in the previous years. With the ever-increasing popularity and access to these structures, increases in the negative impacts are being felt. Gambling addictions and pathological...
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