...Currently Sports betting is illegal everywhere in the United States except Nevada. Ian McGugan writes “The Case for Legalized Gambling on Sports” for the New York Times in January, 2015. He doesn’t pick a side but does list the pros and cons for the legalization of sports gambling. I believe that the legalization of sports gambling will overall benefit the sports economy, help prevent of match fixing and eliminate the gambling that already occurs. Adam Silver the new NBA commissioner declared he was in favor of legalizing sports betting. He wrote that adapting to the market and regulating the “400 billion a year” (McGugan) industry would benefit the NBA. Illegal sports gambling is rampant and widespread, with current technology sports gambling...
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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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...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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...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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...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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...You’ve seen the ads. The melodramatic plug featuring Edward Norton’s voice over folks fixated on their phones during every mundane moment of their lives. And then there’s the upbeat, everyday Joe-bro talking heads boasting about all the money they’ve won with their fantasy picks. You’ve seen the ads because they’re everywhere. The marketing pushes behind daily fantasy sports sites DraftKings and FanDuel—where sports fanatics assemble fantasy lineups and bet on them—have been huge. They’re on your phone. The websites you visit. Your podcasts. And, of course, on your TV, where these two 900-pound gorillas have taken up seemingly permanent residence. According to ad tracker iSpot.tv, DraftKings and FanDuel outspent the entire beer industry in the month leading up to and including the NFL’s opening season. At their peak, the two brands together aired almost as many ads (1,285) as there are minutes in a day (1,440). Between the two of them, they aired an ad on national television every ninety seconds for three weeks straight. To do that, iSpot.tv says, DraftKings spent $131.6 million on 41,064 ads, while FanDuel spent $75.4 million on 22,058 ads so far this year. That’s up from 8,743 DraftKing ads and 14,017 FanDuel ads in 2014. The ads brought the two companies a lot of attention. And now they’re getting attention of an entirely different sort. Earlier this week, The New York Times reported that a DraftKings employee inadvertently released company data on player lineups...
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...Situation…………………………………………………………………………………………Page 5 Stakeholders…………………………………………………………………………………………..……Page 7 Non-Market Strategies and Analysis……………………………………………………………...Page 9 Market Strategies and Analysis………………………………………………………………...…Page 11 Economic Analysis……………………………………………………………………………………..Page 12 Political Analysis……………………………………………………………………………………..…Page 14 Evaluation of Outcomes………………………………………………………………………...……Page 15 Works Cited………………………………………………………………………………………….……Page 17 Overview The industry of gambling provides a country’s respective government with large amounts of financial support. Furthermore, gambling is a multi-billion dollar industry worldwide. The misfortunes and losses of people are the monumental and overwhelming gains to government or non-government regulated casinos. The establishment of government owned casinos creates much-needed jobs for citizens as well it creates a flow of profit to the country. This inflow of cash assists the government in completing necessary tasks and is beneficial to the public because taxes are not being raised to complete such tasks. Over the last twenty-five years, the regulation of gambling has become prevalent. There are still many situations in which gambling occurs in a deregulated form such as Internet gambling, which although many people partake in, is not officially legal in Canada. The criminal code played a large part in the prohibition of gambling in Canada. In 1969, an amendment was made to the Canadian Criminal Code to allow the use of lotteries...
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...organization World Sports Exchange (WSE). Mr. Cohen was prosecuted by the U.S. government; his conviction resulted in a battle between the U.S. and the two small Caribbean islands of Barbuda and Antigua. The epic battle of David and Goliath was mediated by the World Trade Organization (WTO) and raised a lot of interesting questions about international trade and internet gaming (Steiner, Steiner, 2009). The following case study analysis will describe the central issue of the case and the relevant facts, as well as the external operating environments that WSE had to contend with. Furthermore the paper will provide possible solutions for the matter in the short and long term. Central Issues and Relevant Facts The primary issue seems to be that WSE was profiting from U.S. consumers and the U.S. government was not receiving any benefit. Sports organizations were upset and the country’s “social morality” was being attacked, or at least that was the opinion of the supporters of the Unlawful Internet Gambling Enforcement Act (EIGEA) of 2006. The bottom-line is that Mr. Cohen was not breaking any laws within the country that his business operated in. The U.S. clearly overstepped its bounds and did not conform to the General Agreement on Trade in Services (GATS) that all WTO organizations ratified in 1995 (Steiner, Steiner, 2009). The United States’ stand on gambling is hypocritical, many regions within the nation allow gambling, and the nation should not restrict gambling transactions with...
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...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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...TABLE OF CONTENT Executive summary ………………………………………………………3 Introduction ………………………………………………………………4 Company background …………………………………………………….5 Benefits of investing in the business ……………………………………..5 Dangers of investing in a Betting Corporation ……………………………7 Recommendations………………………………………………………….9 Conclusions…………………………………………………………………10 References…………………………………………………………………..12 Executive Summary Gambling is often considered an activity of probability that an individual is willing to participate so as they can quickly earn an extra amount of money. Such practices are often connected to series of games that offer chances for people to make money. Betting is often practiced in areas like the casino or the sporting villas. Similarly, the actions of betting have numerous benefits and disadvantages that are attached to it. Based on the pieces of information presented by various researchers, the effects of gambling are however addictive spending much of an individual’s time instead of paying more attention to activities that may add some value to the various kinds of jobs. On the other hand, gambling can be applied so as an individual can increase the levels of income to be used to run his/her business. Introduction Betting is a form of business that often entices people to participate so as they can get a quick turnover of their money. It is an activity that is often practiced in the urban centers in areas like the casino or pubs that hold the recommended type of license to carry on with...
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...Comparative analysis of the gambling industry in India & the United States of America (USA). Study @ New York University. By: Anupam Sabat, 3C BBA Amity International Business School, Noida. Acknowledgement At the onset, I would like to thank our esteemed faculty at Amity International Business School, Prof. Dr. Arun Sacher, for his encouraging words and his guidance. It was really he who constantly motivated us & pushed us to our limits & in the process, helped us realize & scale newer & higher peaks. He constantly challenged us to strive for excellence & in doing so, enabled us to perform to the best of our abilities. INTRODUCTION Gambling is one of the oldest industries in the world. According to the UK Gambling Act 2005, betting or gambling means ‘the making or accepting of a bet on the outcome of a race, competition or other event or process; the likelihood of anything occurring or not occurring; or whether anything is or is not.’ It is regarded by some as a vice and sinful activity which corrupts the society. Others view gambling as a harmless form of entertainment (I, personally, believe in the latter notion). Some also look at it in economic terms. Legalized casino gambling, be it in Las Vegas, London and/or Macau rose out of the desire for economic stimulus. Overall, society has taken a cautious view of gambling. Only limited types of games are legalized. The reason for gambling being heavily regulated...
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...the early period of the industry, religious settlers felt that gambling was immoral which gambling was unacceptable for churches. But over the last decades, the popularity of gaming/casino industry has risen to new heights as casinos were forced to continuously change, renew, and rejuvenate themselves in order to survive in the industry. According to research, the US gambling industry consists of about 500 casinos, about 400 Indian casinos and bingo halls, and lotteries in about 40 states with combined annual revenue of about $80 billion. Today, the major players of the industry include Harrah’s Entertainment, MGM Resorts, and Boyd Gaming. The Gaming Industry To help us assess and have an in-depth understanding of this particular industry, Porter’s Five Forces Analysis is utilized: The threat of entry poses low pressure on the industry due to high barriers to entry. Government regulations and the large amount of capital requirement create barriers to new firms. The presence of close substitute products or services brings high influence on the casino industry. As an industry involved in providing leisure opportunities, it competes with a wide range of leisure activities like video games, theaters, live entertainment, sport, or even the Internet. On the other hand, the bargaining power of buyers put high pressure. Economic cycles affect the income of customers which in turn puts the gambling industry in...
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...1a Expansion into Australia 2 2.1.1b Business-to-Business (B2B) Venture 3 2.1.2 Political/Legal 3 2.1.2a Offensive Ad 3 2.1.2b Under-age Bet 4 2.1.2c Rob Keane’s Lawsuit 4 2.1.3 Economical 5 2.1.3a Global Economic Downturn 5 2.1.3b Foreign Exchange Rate 5 2.1.4 Socio-Culture 5 2.1.4.a Responsible Gambling 5 2.1.4b Sports and Social 6 2.1.4c Health and Safety Policy 6 2.1.4d Publicity stunts 6 2.1.5 Technology 7 2.1.5a Mobile Betting 7 2.1.5b Acquisition Cayetano 8 2.1.5c Marketing Strategy 8 2.1.6 Environmental 8 3.1 MICRO (THE COMPITITIVE ENVIRONMENT) 8 3.1.1 Supplier 8 3.1.2 Buyers 9 3.1.2 Competitors 9 4.1 Cultures and Globalization 11 5.1 Conclusions 11 Appendix 12 Works Cited 13 THE INTERNAL AND EXTERNAL BUSINESS ENVIRONMENT OF PADDY POWER 1.1 INTRODUCTION Paddy Power, Irelands biggest, most successful bookmaker is an international betting and gaming group. Since 2012, an estimate of €5 billion what of bets have been placed by Irish online gamblers alone (Duffy, 2015). In this case study, we will focus our environmental analysis on the bookmaking industry and Paddy Power in particular. This will include the internal, external analysis and how international management has affected the company. Why Paddy Power? The company claims to be the most innovative and security conscious bookmakers (Paddy Power, 2011). They have also drawn a lot of criticisms in the past of which some of them would be mentioned in this report. If you cant beat them...
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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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...states were established out of these former empires. However, the effects of the war were also felt across the Atlantic Ocean in America. Due to the war industry in the USA grew, the women’s movement progressed, and the government adopted new diplomatic policies. The Great War affected all areas of life in America, and continued to have its effect for many years to come. The decade that came right after was called “The roaring 1920s”. It was a time where Americans were living the American dream. Was the first time in American history that people could afford to buy in abundance and buy anything they pleased. The roaring 1920’s was effected by many inventions and a new life that Americans were adapting to. The introduction of cars, planes, Sports and Prohibition effected the 1920s. Americans were learning how to live their lives. One of the biggest changes probably also the one the influenced the most all the Americans were the new forms of transportation. After the World War I all the industries in America started to grow back slowly, some of those were starting to build the things that would revolutionize the life of all the Americans this invention was the car. “Americans took motoring like proverbial ducks to water” (AH, p. 56) by 1923 the car had become a necessity, and everybody, regardless of social or financial position, had to have one. “It was a petting parlor for the young, an errand runner for the housewife, and an escape hatch for the restless” (AH, p. 56) they...
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