Negative Effects Of Casinos And Gambling

Previously, the term ‘casino’ used to refer to a country house or an Italian style villa. However, it was in the early years of the 19 th century that the term came to be designated in its present meaning with several separate buildings dedicated to the purpose of entertainment activities including gambling as a fun activity. Today casinos and gambling are great activities for passing leisure time and most hotels, restaurants and shopping arcades providing gambling facilities to its consumers. This is especially on a high during festivals or occasions of celebrations and in such situations, the hotels and restaurants offer better stakes and huge profit revenues to its customers therefore luring crowds to participate in gambling. It is also interesting to point out here that with the progress of technology and the birth of the internet, casinos and gambling activities too have been revolutionized with the emergence of what is referred to as online casinos or virtual casinos.

Online Casinos in the UK – Which One Rules Them All? - The World Financial  Review

While a little bit of occasional indulgence in gambling activities isn’t harmful, too much addiction can become a matter of concern. Time and again it has been pointed out by psychiatrists that over indulgence in gambling activities can result in causing psychological disorders 먹튀폴리스 먹튀제보 . This is prevalent as casinos offer huge benefits upon winning which are successful in attracting the players. Once the game begins, some players continue to play the game even after losing huge stakes in hope that may be they will hit the jackpot amount soon. But in cases it doesn’t happen, the player may lose enormous amounts of money and he might also fall into a debt trap which can affect him psychologically or may force him to commit heinous crimes to recover the amount lost.

The casinos are comprised of huge amounts of currency required for betting and gambling and therefore it is necessary for the authorities to make sure that adequate proportions of security forces are deployed as guard since often people are tempted to steal by duping the system. This is why nowadays, close circuit television and hidden cameras are employed for ensuring full proof security. Online casinos too are plagued by frauds. In such cases, some fraudulent players’ often are seen to create false slot machines using graphics editing software tools and demanding jackpot amounts against it. These players also use varied identities while signing up in online casinos in order to demand in excess for the winning amount. Such activities should be kept under check in casino gambling.

Las Vegas, it is a city built in the midst of a dessert. Geographically, this city would not have been suitable for habitation because of its harsh climate. But despite of all these, the place has been a paradise to some people, the gamblers. What should have been a dry and barren land became a haven of wealth, and abode of the world’s greatest structures. All that is good in Las Vegas owed itself to one vice, gambling. Gamblers from all the corners of the world come here to place their bets in every casino, bluff every poker game, pull lucky levers of slot machines, and enjoy the thrill roulette. This thriving industry has set this city as one of the most exciting city of the world.

However, Las Vegas has found itself a competition. But not from another gambling cities like Monte Carlo and Macao. It is in the Internet. Online gambling has also fints its way in the dotcom business. The main reason of this business success is a thriving millions of potential bettors around the world connected by World Wide Web. Unlike going to Las Vegas or any other gambling city, gambles would not pay for airplane ticket and high room accommodation rates in a five star hotel found in the city. All they need to do is to sit down in front of their PC Screen and enjoy the clicking of the mouse while being thrilled of the coming results in the online gambling. In online gambling, gamblers need not to worry to store their cash in the vault. Every monetary transaction is done through bank transactions. The industry extends its benefits to the financial sector from the bank fees in every transaction.

Online gambling has also finds its own adherents in the Internet. These enthusiasts gather in an online forum discussing about gambling and the odds of the house. There are also gambling sites, which the gamblers called the rogue sites. These are sites that would not allow the credit won to be withdrawn immediately. Some sites would only allow a certain quota of the credit earned or a certain time so that bettors will have no other choice but to place the bet until they can meet the requirements of withdrawal. This would eventually make the house always in favor of the odds. Online gambling forum warns online gamblers to these rouge sites.

While the gambling industry is promising, it has also their nemeses which lead its way into its downfall. One of this is the gambling site operators themselves. Obtaining a random number is still an arbitrary. Many skeptics believe that online gambling programs can be manipulated. Other gambling sites counter this skepticism by publishing their audit of odds and even announcing the higher probability of winning of the bettor. Not to mention also the rouge sites who are sharking on the bettors’ money leaving them always empty handed. These are few issues that greatly affects the business.

But there is no greater adversary of the business than the US government itself. Everything has been changed after 9/11 bombings. The Wire Act has been promulgated to combat money-laundering cases. Money laundering has already been outlawed in the US and some parts of the world. It is believed and an accepted fact that laundered money is the source of funds for terrorist and other criminal syndicates. The anonymous nature of the bettors can be potential way of harboring fraudulent money transactions. With this reason, has reached its darkest period when it was outlawed in the US. Major Internet site follow suits by removing any advertisement promoting online gambling. However, online gambling has also won some allies in the US Congress because of its potential cash cow for tax. Rep. Barney Franks, Robert Flex, and Jim McDermott passed different congressional bills that would legalize and regulate operations of online casinos. It is yet to be known if these bills can pass the US Congress. But online casinos have already lost millions in terms of a potential market in the US.

While the US is hostile to online casinos, the European Union and some Caribbean Countries welcome it as one of its thriving and growing industry. The outlawing of the online casinos in the US prompted Antigua and Barbados to present its case to the World Trade Organization. Thanks to the laws in trade liberalization, WTO favored them and rejected any claims by the US that is only protecting public safety in outlawing it. The case is currently in a debate in WTO court. If the US Will loss the case, they will be forced to legalize and pay indemnities to the affected countries as will be ruled by the WTO Court.

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