DOI:
https://doi.org/10.5750/jgbe.v7i3.816Jan 26, 2021: n.y.s. Gaming commission announces release of gaming market study Dec 24, 2020: new york lottery money dots launches on december 28 Dec 02, 2020: gaming commission adopts enhanced harness racing wagering options. Gaming commission of Ghana is responsible for issuing licenses to all gaming operators and permits to companies and individuals that wish run promotions with elements of game of chance. Inspection To ensure full compliance with the gaming law and regulations, inspections are carried out continuously.
Abstract
The paper considers the nature and scale of the benefits and costs of gambling, with special reference to machine gaming. Although the industry is argued to be unlikely to have a significant macroeconomic impact, evidence is consistent with it generating considerable benefits to individual (responsible) consumers, whether measured by consumer surplus or through the pattern of responses to a wellbeing question. At the same time, a minority of users of gaming facilities, problem gamblers, appear to make consistently flawed decisions such that those with gambling disorder experience exceptionally low wellbeing. Public policy and regulatory decisions should consider the effects, on the margin, on both the net benefits to recreational gamblers and the net costs to problem gamblers. Many policy decisions may involve a trade-off between the welfare of recreational gamblers and the welfare of problem gamblers. Contemporary interest in targeted policies appears to represent an attempt to avoid the need to confront such a trade-off by searching for policies which are aimed very explicitly at problem gamblers alone.References
Abramson, L.Y., Alloy, L.B., Hankis, B.L., Clements, C.M., Zhu, L., Hogan, M.E., & Whitehouse, W.G. (2000). Optimistic cognitive styles and invulnerability in depression. In Gillham, J. (ed.), The Science of Optimism and Hope: Research Essays in Honour of Martin E. P. Seligman, pp. 75-99. Philadelphia: Templeton Foundation Press.
Australian Productivity Commission (1999). Australia’s Gambling Industries, Report no. 10. Canberra: AusInfo.
Australian Productivity Commission (2010). Gambling. Inquiry Report No. 50. Melbourne: Australian Productivity Commission.
Barberis, N. (2012). A model of casino gambling. Management Science 58, 35-51.
Brocas, I. & Carrillo, J.D. (2008). The brain as a hierarchical organization. American Economic Review 98, 1312-1346.
Cassidy, R. (2012). Horse versus machine: battles in the betting shop. Journal of the Royal Anthropological Institute, 18, 266-284.
Casey, E. (2003). Gambling and consumption: working class women and national lottery play. Journal of Consumer Culture, 3, 245-263.
Cawley, J. & Ruhm, C. (2011). The economics of risky behaviours. In McGuire, T.G., Pauly, M.V. & Barros, P.P. (eds.), Handbook of Health Economics, Vol. 2, pp. 95-200. Amsterdam: North-Holland (Elsevier Science).
Cervellati, P. & Vanin, P. (2013). “Thou shalt not covet…”: Prohibitions, temptations and moral values. IZA Discussion Paper 7334, IZA, Bonn.
Cotte, J. & Latour, K. A. (2009). Understanding online versus casino gambling, Journal of Consumer Research, 35, 742-758.
Crane, Y. (2008). What are the costs and benefits of gambling in the United Kingdom? In Coryn, T., Fijnaut, C. &Littler, A. (eds.), Economic Aspects of Gambling Regulation: EU and US Perspectives, pp. 119-178. Leiden: Martinus Nijhoff Publishers.
Diener, E. & Chan, M.Y. (2011). Happy people live longer: Subjective well-being contributes to health and longevity. Applied Psychology: Health and Well-being 3, 1-43.
Diener, E. & Seligman, M.E.P. (2002). Very happy people. Psychological Science, 13, 81-84.
Downs, C. (2008). Gambling on happiness: A moral conundrum. paper presented to the 3rd Biennial Conference of the Social Futures Institute, Teesside.
Eadington, W. R. (1999). The economics of casino gambling, Journal of Economic Perspectives 13, 173-192.
Farrell, L. & Walker, I. (1999). The welfare effects of lotto: Evidence from the UK. Journal of Public Economics 72, 99-120.
Forrest, D. (2013). The unhappiness of problem gamblers, manuscript, University of Salford.
Frey, B.S., & Stutzer, A. (2002). What can economists learn from happiness research? Journal of Economic Literature, 40, 402-435.
Gambling Commission (2012). Gambling Industry Statistics. April 2011 to September 2012. Birmingham: The Gambling Commission.
Gerstein, D,R. and ten others (1999). Gambling Impact and Behavior Study: Report to the National Gambling Impact Commission. Chicago: National Opinion Research Center.
Humphreys, B., Nyman, J. & Ruseski, J. (2011). The effect of gambling on health: Evidence from Canada. Department of Economics, University of Alberta, Working Paper 2011-18.
Koivumaa-Honkanen, H., Honkanen, R., Viinamäki H., Heikkilae, K., Kaprio, J. & Koskenvuo, M. (2000). Self-reported life satisfaction and 20-year mortality in healthy Finnish adults. American Journal of Epidemiology, 152, 983-991.
Koivumaa-Honkanen, H., Honkanen, R., Viinamaeki, H., Heikkilae, K., Kaprio, K., & Koskenvuo, M. (2001). Life satisfaction and suicide: A 20 year follow-up study. American Journal of Psychiatry 158, 433-439.
Ladouceur, R., Blaszczynski, A. and Lalande, D.R. (2012). Pre-commitment in gambling: a review of the empirical evidence. International Gambling Studies 12, 215-230.
Gambling Commission Contact Number
Layard, R. (2005). Happiness: Lessons from a New Science. London: Penguin
Loewenstein, G. (2000). Emotions in economic theory and economic behavior. American Economic Review 90, 426-432.
Odermatt, R. & Stutzer, A. (2012). Smoking bans, cigarette prices and life satisfaction. IZA Discussion Paper 7177, IZA, Bonn.
Gambling Commission Uk
Orford, J., Wardle, H. and Griffiths, M. (2013). What proportion of gambling is problem gambling? Estimates from the 2010 British Gambling Prevalence Survey. International Gambling Studies, 13, 4-18
Peiró, A. (2006). Happiness, satisfaction and socio-economic conditions: some international evidence. Journal of Socio-Economics 35, 348-365.
Reith, G. (2004). Research on the Social Impacts of Gambling. Final Report. Edinburgh: Scottish Executive Social Research.
Romanov, D., Zussman, A., & Zussman, N. (2012). Does terrorism demoralize? Evidence from Israel. Economica 79, 183-198.
Sauer, R.D. (2001). The political economy of gambling regulation. Managerial and Decision Economics 22, 5-15.
Thaler, R. & Shefrin, H.M. (1981). An economic theory of self-control. Journal of Political Economy 89, 392-406.
Viscusi, W.K. (1990). Do smokers underestimate risks? Journal of Political Economy 98, 1253-1269.
Walker, D.M. & Barnett, A.H. (1999). The social costs of gambling: an economic perspective. Journal of Gambling Studies 15, 181-212.
Wardle, H., Moody, A., Spence, S., Orford, J., Volberg, R., Jotangia, D., Griffiths, M., Hussey, D., & Dobbie, F. (2011). British Gambling Prevalence Survey 2010. London: The Stationery Office.
Wardle, H., Sutton, R., Philo, D., Hussey, D. & Nass, L. (2013). Examining Machine Gambling in the British Gambling Prevalence Survey. Report by NatCen to the Gambling Commission, Birmingham.
Published
Issue
Section
About US
The Gambling Commission is an independent organization with the sole purpose of regulating and discouraging dishonest on-line gaming organizations and daily business operations. Founded in 1999, The Gambling Commission was organized to assure gamblers of a closely monitored, safe on-line gaming environment. To be approved by The Gambling Commission, each casino must undergo and pass strict technological and policy testing. The Gambling Commission does not alter the submission or approval process for any on-line casino in order to ensure the same protection for all on-line gambling consumers, players and affiliates.
Each on-line gaming site approved by The Gambling Commission must stipulate strict adherence to The GamblingCommission.org standards which bind each approved casino to The Gambling Commission’s mission. Any player will have the right to lodge a complaint against any casino member with the promise of full investigation by The Gambling Commission’s Dispute Resolution Department. Loss of membership will result when any casino does not adhere to the Standards of Fairness.
Federal Gambling Commission
Designed to guarantee fairness and integrity of the software, including rules and odds, random on-going audits will e conducted for each on-line gaming site. Remote testing for each member’s site is performed selectively several times a year without prior notification to each member site, ensuring that no game-altering modifications will take place once testing is complete.
The testing process is run by The GamblingCommission.org auditors and automated testing agents who will run thousands of games and record hundreds of results before extensive mathematical analysis is performed. The gaming commission will only offer their certification and seal of approval once the team of mathematicians carefully analyzes that the data recorded meets acceptable randomness of casino results.
Members must abide by the law and regulations set forth by The Gambling Commission, and within their business jurisdiction. Each gambling commission member issued a legal gaming license from a governing jurisdiction will be presumed to be operating under the authority of that license after providing evidence of same. GamblingCommission.org members will abide by limitations of any binding legislative or judicial determination, which bars or limits operations in other jurisdictions wherever technically enforceable.
Additionally, The GamblingCommission.org relies on player feedback, independent research, insider news and tips from which to form unbiased opinions. Based on Integrity, The Gambling Commission will relentlessly pursue a fair and save environment for Internet gamblers and casino affiliates . Educated gamblers need to trust an informed outside source and the mission of The Gambling Commission assures these players an honest visit to approved on-line gaming services.