...| Online gambling | | | | | | | | | Table of Contents Need page numbers. Introduction History of Online Gambling Online Gambling Games Available How to Gamble Online Who Gambles Online? Characteristics of Online Gamblers Online Gambling and Business Contents To Our Stockholders 1 Financial Summary 1 Financial Statements 1 Notes to Financial Statements 1 Independent Auditor’s Report 1 Contact Information 1 Company Information 1 What is online gambling? Before we present the topic of online gambling, you need to ask yourself what is online gambling. Internet Gambling is a means of using the internet to place bets on casino games, sports games, etc. Bets are normally placed on credit card accounts and wins or losses are collected or paid for accordingly. History of Online Gambling Gambling sites first began to appear in the 1990s. The earliest confirmed date of an authentic Internet gambling site is September 1993, when the Swiss Lottery began selling lottery tickets to individuals with a special terminal and software (Pavalko 2004). In 1994, the Antiguan government passed legislation permitting online casinos to be established. Intercasino was the first online casino to accept real money wagers. It was launched in Antigua in 1996 (it is now registered in Malta) and their revenue reports attracted significant interest. Since the early beginnings of internet gambling, the number of online gambling sites has increased...
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...Ongoing Issues and Debate with Legislation for the Legalization of Online Gambling xxxxxx xxxxx University The Legal Environment of Business Fall 201x November 16, 201x Ongoing Issues and Debate with Legislation for the Legalization of Online Gambling The debate over gambling has been going on for decades. With the advent of the Internet, the online gaming industry essentially appeared overnight and with it came a whole new, complex area of social issues and legal interpretation. The 1961 Interstate Wire Act (“Wire Act”) was introduced by President John F. Kennedy to prevent bookkeeping on horseracing and sports gambling by organized crime syndicates. Now 40+ years later Congress has brought the Wire Act back into the spotlight as an instrument to prosecute online gambling offenses since it broadly prohibited the operation of most betting businesses in the United States. It is clear that legislators did not have the issue of the Internet when the Wire Act was passed. Critics of the Act’s applicability argue that wireless technology, which clearly does not make use of wires or telegraphs, excludes the Internet from the mandates of the law. Critics are also quick to contend that the Wire Act’s reference to sporting activities limits its oversight to gambling related to sporting events or contests (Jaffrey Shulman, 2006). Given the narrow scope of the original legislation, and the many disputes related to its potential application, the Department of Justice...
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...SWOT: Online Gambling Jonathan Moore PHL/320 April 6, 2015 Aileen Smith SWOT: Online Gambling Gambling has always been a form of entertainment in the United States. Visuals of gambling by means of poker have been displayed as far back as the 1800’s in the days of the “Wild West”. Statements can be heard on the playground of elementary schools by kids saying “I bet you…” Sometimes these stakes are small and sometimes they are large. The total gambling industry is a large profit maker for many people and covers many different forms of betting such as legalized casinos, state lottery drawings, and sports wagering. Unfortunately, in the United States, gambling is still frowned upon when done online. However, is online gambling a completely negative form of allowing individuals to take part in their gambling ways? SWOT Analysis [pic] The biggest strength for the push to legalize online gambling is that there is a total worldwide revenue for gambling in the amount of $400 billion. This is an amount that has the potential to grow by allowing more customers a chance to log in and entertain themselves in the privacy of their own home. Estimates show that this revenue can reach over $500 billion by only expanding throughout Asia. The U.S. gambling, or gaming, industry consists of about 500 casinos, about 450 Indian casinos and bingo halls, and lotteries in about 40 states with combined annual revenue of about $85 billion (First Research, 2015)...
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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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...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 Social Responsibility- Aja Watkins…………………………………………………………...…17 Conclusion…………………………………………………………………….…………………22 References……………………………………………………………………..…………………24 Abstract –Muzna Ali The Bodog Online gambling company established by Arye...
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...Gambling has grown immensely across the world, and you can bet on that. Gambling today is more mainstream now than ever before. Since this boom in popularity many new on-line web sites have been created to take advantage of this growing craze. Internet Gambling has shot up the most these past few years. In 2005 the first online betting web site started. Today there are over 2,000 online gambling web sites. Take time to think about the rise in television shows that involve gambling, and the stations that air the shows. Bravo, ESPN, ESPN2, Spike, Game Show Network, FOX, NBC, CBS, and ABC all have aired a show that has had some type of gamble involved. Shows like Deal or No Deal, World Series of Poker, Celebrity Poker, Black Jack, some of these shows may not seem like gambling but as long as there is a risk there is a gamble. How many people knew of Texas Hold’em before ESPN started covering tournaments? And now you can’t go a day flipping through the channels without seeing some kind of poker or celebrity blackjack on television. As technology has improved our world by making things easier and more convenient, it has also made the gambling world easier and more convenient. With the rise of Internet gambling web sites, it is easier today more than ever to place a bet. You can see gambling every time you watch television. Whether it be game shows, card games, or just commercials, you see it. I love sports, so I watch ESPN to catch up on news and to see what is going...
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...Ethics 5 October 2015 Internet Gambling Gambling has been a controversial topic in the United States going back and forth from the approval of gambling to prohibiting it. Currently some form of gambling is legal in all but two states, Utah and Hawaii. The revenues collected from gambling are much greater than those of the sum of revenues from theme parks, movie tickets, video games, and music recordings. As the Gambling industry continues to expand in growth and as technology continues to advance there is no doubt that the new types of technology are being used for gambling on the World Wide Web. Even though internet gambling is a relatively new sensation, it has shown to be the fastest growing form of gambling in the world and is an evolving field of research. The first online casino began in 1995, which was offering 18 different online games. The industry began growing so rapidly that about 30 million gamblers visited these internet sites in just the month of July in 2005. The discovery of internet gambling has significantly developed gambling, allowing people to place bets on a variety of different games and events without having to leave the comfort of their home. According to the American Gaming Association, almost 3,000 Internet gambling sites allow users to wager on casino games, sport’s events, poker, bingo, and many other games. It became so popular that it creates about thirty billion dollars in revenue each year. Internet gambling is legal in 85 counties excluding...
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...bet. Attempts to ban online gaming are doomed to fail. Better to legalise, tax and regulate the habit Jul 8th 2010 PROHIBITION destroyed America’s once-robust brewing industry, made smugglers rich and did nothing to curb drinking. Outlawing drugs has been a similarly spectacular failure. There is little reason to suppose that the latest line in American prohibition—an effort to ban online gambling—will fare any better. In 2006 Congress passed the Unlawful Internet Gaming Enforcement Act, which made it illegal for financial institutions to transfer funds between punters and online-gambling sites. Some companies promptly pulled out of the American market. But others stepped in, and the opportunities to bet online have expanded elsewhere in the world. So, after a brief dip, Americans are now betting online about as much as they did four years ago. The Justice Department still maintains that online gambling is illegal, yet large numbers of Americans carry on regardless. The reason is simple: anyone who wants to gamble and has an internet connection can do so. And plainly many people do want to gamble. In 2009 the legal gambling market totalled $335 billion globally. Nearly two-thirds of that came from lotteries and casinos. Gambling in casinos is growing fast in East Asia, particularly Macau, the world’s biggest market. As our special report explains, online gambling remains relatively small (just over $25 billion in 2009), but, as with so many online industries, it is hugely...
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...business model." Pascrell represents Poker Stars, an online poker company that is working to purchase the Atlantic Club Casino, and has more than 50 million online players around the world. Pascrell said the law incentivizes the Atlantic City casinos to "marry" their brand to an online provider to attract gamblers to the city and hold their attention online when they get home. He added that people still visit casinos in Europe and Asia despite the fact that online gaming is legal there. "There's no proof of a negative impact, in fact, there's only proof of a positive impact," Pascrell said. "This is going to distinguish us from neighboring states who have been eating our lunch." While Pascrell said there are no silver bullets for pushing New Jersey back to the forefront of the gaming world. Both he and Posner agree the bill puts the state back in a leadership position as other states scramble to form similar regulations. William Pascrell III, a lobbyist with Princeton Public Affairs Group, said the bill gives "bricks and mortar casinos a chance to re-examine their business model." Pascrell represents Poker Stars, an online poker company that is working to purchase the Atlantic Club Casino, and has more than 50 million online players around the world. Pascrell said the law incentivizes the Atlantic City casinos to "marry" their brand to an online provider to attract gamblers to the city and hold their attention online when they get home. He added that people still visit...
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...Summary you bet the text is about online gambling. Prohibition of the brewing industry didn’t work and even the prohibition of drugs didn’t work. There is a little reason to suppose an effort to ban online gambling wil fare any better. Since 2006 it is illegal for financial institutions to transfer between punters and online-gambling sites. After a dip, Americans are now betting online as much as they did four years ago. The reason is simple because, anyone who wants to gamble and has an internet connection can do so. In 2009 the legal gambling market totalled $335 billion globbaly. Gambling is growing very fast in East Asia, especially in Macau, world’s biggest market. Online gambling is relative small. Horseracing will not disappear entirely, it still accounts for over 7% over the global market. It boomed when it was the only legal form of gambling available. Letpeoplegamble.com A desire to protect existing businesses from such disruption is one motive for banning online betting. Another motive is more high-minded: the urge, as with drink and drugs, to protect humans from their own nature, by outlawing a potentially addictive activity. Online gambling is legal in Britain. Brithish punters are safer than American punters. In Europe there are sign of marketopening even in France, which has long protected its monopolies. Poker has grown from a niche game to a booming one since it debuted in the late 1990s. Betting exchanges operate like an eBay for betting...
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...PESTEL analysis of Szerencsejáték Zrt. 2013 Word counted: 3308 Executive summery The object of this report is to assess the nature and the external environment that a business operates in. Any kind of changes can affect and influence the operation of the business. To examine the environment of the firm we can develop the PESTEL analysis (which stands for political, economic, social, technological, environmental and legal environment). This model helps us to understand the environmental factors which can affect the activities of a company. The stability of the government and functioning of the parliament can have great impact on the company. Furthermore, the extent to which the government intervenes to the activities of the companies is crucial for the company. Economic conditions also have a huge role in the business; the company has to take into consideration the domestic economic situation and trends in order to remain successful. As far as the social factors are concerned, we have to examine social changes, trends, different consumer patterns and not last but least, how the costumers react to different goods and services. As technology develops it provides more opportunities for the firm to be more profitable. New innovations may curb the company’s cost or increase the efficiency of production. Environmental surrounding of the company is also a major aspect which includes natural resources climate change or any other impact on the environment. Legal environment relates...
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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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...Profitable Sports Gambling Fabián Enrique Moya B.Sc., Anáhuac University, 2001 Project Submitted in Partial Fulfillment of the Requirements for the Degree of Master of Science Statistical Methodology for by Department of Statistics and Actuarial Science Faculty of Science in the SIMON FRASER UNIVERSITY Summer 2012 © Fabián Enrique Moya 2012 All rights reserved. However, in accordance with the Copyright Act of Canada, this work may be reproduced, without authorization, under the conditions for “Fair Dealing.” Therefore, limited reproduction of this work for the purposes of private study, research, criticism, review and news reporting is likely to be in accordance with the law, particularly if cited appropriately. Approval Name: Degree: Title of Project: Examining Committee: Fabián Enrique Moya Master of Science (Applied Statistics) STATISTICAL METHODOLOGY FOR PROFITABLE SPORTS GAMBLING Chair: Dr. Carl Schwarz, Professor Dr. Tim Swartz Senior Supervisor Professor Dr. Paramjit Gill Committee Member Professor, Department of Mathematics and Statistics University of British Columbia – Okanagan Dr. Joan Hu External Examiner Professor Date Defended/Approved: July 24, 2012 ii Partial Copyright Licence The author, whose copyright is declared on the title page of this work, has granted to Simon Fraser University the right to lend this thesis, project or extended essay to users if the Simon Fraser University Library, and to make partial or...
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...The Effect of Gambling on Local and State Economies. Name. Institution. The Effect of Gambling on Local and State Economies. Gambling is the act of staking money, possessions or other items to place a bet on an outcome whose result is unknown. It happens in the form of games that casinos offer such as blackjack and roulette, sports betting, slot machines and the lottery (Bigdeal.org.uk, n.d.). Gambling dates back to Ancient China (2300 B.C) where evidence of the dice was found (Crapsonline.org, n.d.). The act has been marred with negative connotations but has started to get acceptance as people warm up to the idea of legalizing gambling (Ipsos, 2010). Gambling has a place among the factors that affect state and local economies. Gambling has contributed to the economies through the creation of jobs. Individuals are appointed to work in casinos as cleaners and constructors, administrate online betting websites and manage gambling firms among others. Wells (2014) says that a report commissioned by the American Gaming Association placed the direct jobs created at 570,000. The employment opportunities bring about economic growth in the state and local economies. Wells (2014) also reveals that the taxes paid amount to 38 billion dollars. The taxes paid by the gambling firms and casinos allow the state and national governments to undertake projects that develop the economy. Therefore, gambling plays a part in economic growth. On the other hand, gambling negates the need for...
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...Introduction Gambling Addiction and Problem Gambling To some people gambling is just a waste of time and money but to some it can be a winning streak. Back then in the 1970s 30-55 years old was the typical age that most people gambled but now the typical age is 17-70 years old. In the United States the legal age to gamble is 21 in most casinos and in some Indian casinos the legal age is 18. There are many ways to gamble there are casinos, online gambling and even home gambling with family or friends. Gambling not only interferes with your money it can also affect and causes problems with an individual’s life. Gambling addiction and problem gambling create physical, emotional, social and financial problems in the lives of the gamblers and their loved ones. Gambling is to put something up for; like money or something that has value. There are many games that involve gambling for example card games, dice games and even sports like football, basketball and boxing, which all involve betting. Gambling is all about taking a risk its either you will or you lose. It also depends on luck its either your lucky or not. Many say gambling is a sin because most religions are against it. Gambling addiction is a behavior disorder that can interfere with an individual’s life. A gambling addict is a person who is out of control. Gambling addiction is also known as pathological or compulsive gambling. “Compulsive gambler’s can not control the impulse to gamble, even when they know their gambling is hurting...
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