Do you love to gamble? This unique game is favorite among quite a lot of people. You will even be surprised to know it is one of the steady revenue earners in many countries. However, now you might start pondering that does this Gambling Data suggest that a major sliver of the world has become a compulsive gambler. Perhaps, some of the commonly circulated myths about gambling and gamblers will give a better solution your queries regarding compulsive gambling. Start reading. If you gamble every day, you will become a compulsive gambler. This is a complete misconception because it has been found that a number of compulsive gamblers are there who do not gamble every day. Some gamblers do not gamble even trice a week, but are still compulsive in nature. Actually, the frequency with which you play this game has no connection the vulnerability of your addiction to it.
Gambling does not become addiction unless you lose in a game. First of all let us tell you that this statement is a partial myth. Actually, when you lose in a game it develops an inherent inclination in you if you bet for a second time then you might bring back your lost fortune. This feeling develops into a vicious circle and encourages you to gamble over and over again. While this is one form of compulsiveness towards the game, you cannot rule out the fact that a person can gamble repeatedly even after series of wins. Basically, this is another form of compulsive gambling where the win makes gamblers gain money. As a result, the temptation makes them gamble more and more in the hope that they will make greater fortune.
You become a compulsive gambler only when you are financially broke. This is a mythical statement. This is because addiction to gambling has nothing to do with the financial status of a person. It has been found that many people are there who do not gamble even when they suffer from poverty. On the other hand, few others are there who are financially sound. These gamblers play this game just to satisfy their obsession about it. Likewise, even if the financial prerequisites of a gambler are satisfied, the person will not stop gambling. Cases like these suggest that such people have a fixation or a love interest for the game which makes them addicted to it.
All businesses are moving online this includes the gambling industry as well. As per Morgan Stanley research, the forecasts gambling industry will be on the rise and reach $5 billion in a few years that is by 2020. This business may sound lucrative however is not profitable instantly. Usually businesses breakeven in the second year however, some may reach breakeven in ten months time. Anyone can keep in touch with the forecasts gambling industry to improve their chances of win. The gambling activities that are covered range from – Sports, Casino, Gaming Machines, Bingo, as well as Lotteries. Forecasts are available for both the forms – traditional as well as online and the mobile versions.
These markets are on the rise with certain US states and countries like Mexico are changing their regulations with new legislation to legalize gambling. Even though there may be risks at the higher end however there are immense growth opportunities. In Africa, countries like Kenya, Uganda, Nigeria, and Tanzania sports betting are on the rise. In Asia, Cambodia, Vietnam, South Korea, Saipan. The global gambling report looks at the trends in casinos and online gaming industry as well as gambling industry, with historical and forecast data based on the revenue. There will be challenges like liquidity across the border, taxation, the varying approach to the various gambling forms and disciplines.
A combination of social media, networking and online gambling will all come into play when calculating the revenues. This report will enable gamblers to understand the market and judge the predictions made for each gambling activity as per their liking. There will be a more educated and a calculated form of betting and gambling which will change the history of gambling. As everything is evolving – technology, media channels, regulations, all intersecting to create new unique opportunities.
The complete list of countries where online gambling is legal are: Antigua and Barbuda – online gambling is legal where casino games and poker are regulated on the island. Australia – Interactive Gambling Act 2001 (IGA) aims to protect Australians from harmful effects of gambling but its not an offense to actually play poker or casino games. Belize – License for online gaming can be issued to companies operating from Belize but these licensed sites are not allowed to accept wagers from its own residents.
Cyprus – Online gambling had been legalized in Cyprus which includes online lotteries, betting exchanges, casino gaming and sports betting. Dominica – Gambling legalization was approved where online casinos and sports books are licensed. It’s a must that the physical presence of the company is held and maintained in the country. Finland – Online gambling is popular and legalized in Finland. Gibraltar – Online casinos is legal and steady for years. Ireland – Tax-free gambling winnings and legal online gambling.
Italy – Though online gambling had been legalized, their government attempts to limit the hours of playing online. Jamaica – Betting, Gaming and Lotteries Commission regulates gambling. Malta – Legal online casinos. The white list is about the approved gaming jurisdictions of online casinos to advertise in the UK. Those who are listed elsewhere must switch to another licensed jurisdiction in order to be on the list.
Those companies that want to obtain a license to have an online casino must go through a complex process of certification. It is the online gambling licenses that ensure the legitimacy, and also keeps the company conduct in line with fair gaming laws.
All online gambling businesses have a licence in at least one jurisdiction. They are: Caribbean and Pacific Island Governments such as Antigua and Barbuda, Costa Rica, St Kitts, Dominica, Curacao and Vanuatu.