Industry Experts Surprised at Recent Gambling Figures

With an estimated 250,000 gamblers, whose past time has become ‘problematic’, there was fear from regulatory and government bodies that with the introduction of various new mediums, including online casinos and poker rooms, that this figure would dramatically increase. However, and surprisingly for many, the percentage of people within the UK with a so called ‘gambling problem’ has in fact fallen from 72% in 1999 to 68% this year.

Although this figure does not show the entire picture, with the majority of this 4% change being directly attributed to a decline in players of the national lottery, it is indeed welcomed news for those who had expected a sharp rise.

This study, entitled the ‘Gambling Prevalence Study’ and conducted between September 2006 and March 2007, questioned approximately 9,000 adults in relation to a total of 17 different forms of gambling. Head of the study, Peter Dean, concluded that more than 99% of adult gamblers did not fall into this problem group and that overall, despite the introduction of new gambling methods, the number of people who regularly enjoyed a flutter had decreased.

So why are less people gambling, considering the relative ease with which you can now take part? Why has the advent of online gambling been apparently unable to entice more people into playing, and more often? Well, the truth of the matter is that they have succeeded in drawing gamblers into their virtual casinos. Other than a significant decrease in those playing the national lottery, every other form of gambling has seen a steady rise on the figures of 1999.

On the face of things this is not something to be too concerned about. In comparison to other countries around the globe the UK ranks amongst the likes of Canada and New Zealand, with gambling levels far lower than in the USA. It is also good news for the tax man, who made a staggering £2 Billion from gambling last year alone.

This probe was announced by Gordon Brown as a way in which the government could assess its plan of regenerating deprived and run-down areas with the introduction of super casinos, with the first to have been built in Manchester later this year. However, with the conclusion of this study and the findings which do show increased popularity for non-lottery based gambling, the government have decided against their super casino plans.

One spokesman for the Prime Minister went on record saying “While the report shows that problem gambling still only affects a small minority of people, it does remain a serious issue and something that has to be addressed. The prime minister said in July that the issue relating to a super-casino is whether or not this is the best way of meeting our regeneration objectives.”

Why the Top Performers in Gambling Are Successful

Today, thanks to a decade long of technological advances online, there now exists many successful companies that lead the way and are constantly improving client experience throughout the web. This pertains to all industries in general, especially the ones dedicated in providing online services. In the online gambling arena, a very competitive industry, companies are constantly striving to provide the latest technology along with excellent customer service and unmatched security in order to beat competitors and gain market share. This is true of companies of the like of Stan James, Ladbrokes, and bet365 just to name a few as other similar competitors share the same characteristics.

First of all, these major companies are all listed in stock exchanges which in turn prove positive for potential consumers shopping for an online gambling brand as these companies are constantly monitored in the financial sense as they have to submit accounting books to public auditors for regulatory compliances. This fact alone basically tells the consumer that the company is trustworthy in the market. This trust is very well respected in the industry as there have been major companies in the past and some that are still out on the web which are not transparent and take clients money without any element of fairness. These major companies are not only regulated by financial entities, but also by major gambling commissions. This is also very positive as impartial and neutral government commissions constantly make sure that these companies are exerting fairness and promoting security in all facets of the business.

Major companies such as the ones mentioned have several offers that they constantly give to their client base. The first one to mention is a link for numerous gambling programs which help the addicts such as gamble aware and others which in turn help people and clients with a gambling problem. They also offer the best odds in the market today, or at least very competitive throughout all sports. These companies also have all in one portals nowadays, and clients only need to open one account in order to place sports bets, play poker, play casino games, and even bingo and other products. They have gotten so specialized nowadays that they offer specialized bets such as corner betting (above or below 10 corners) for any specific football match.

They also have huge jackpots in numerous popular slot machines and also offer hefty poker tournaments with millions in prizes. One can literally place bets 24-7 all throughout the year, and can also access the portal from their mobile phone. Skill games and obscure sports are also being offered. Live betting is also an alternative that has recently hit the market with a very popular acceptance by consumers. These companies are also licensed in most markets, and make for security a top priority. They do not let the under age population open accounts, and have neutral arbitrage betting companies available in case a client has a dispute over a bet.

6 Steps to Obtaining a Gambling License

The timing for starting an online gambling business is perfect. Surveys show that if you follow all the necessary procedures and do things legally, you are bound to get good profit. But before all the fun starts, you need to obtain a gambling license. Here you can get the general idea about what you will have to go through.

• 1. Start with creating a business plan to estimate the expenditures and expected profit. This will not only help you to see where you stand financially, you will also need this information later.

• 2. Find a good casino software provider. You have to take this step seriously, because later you will have to submit a certificate that the software you intend to use will not malfunction and won’t be used for cheating. Such certificate should also be issued by a reputable company or some qualified institution.

• 3. Choose the jurisdiction you want to obtain your gambling license from. Online gambling licenses are issued in a relatively large number of countries. But just as some animals are more equal than others, not all licenses turn out to mean the same thing for both online casino players and governments of those countries you may want to promote your gambling services in. The reason for this is the difference in requirements for obtaining a gambling license in different countries. Some are known to be rigorous and obtaining license from them can become a painstaking process. However, their approval will make you look like a trustworthy online casino operator, which you are going to become, aren’t you?

The list of such countries can be found at the UK Gambling Commission website. It is also often referred to as the White List which obviously means that licenses issued by these jurisdictions will be favored.

• 4. Depending on the requirements of the selected country, you will need to provide documents about your (and other investors’) financial status, police record from the permanent country of residence and a sort of money investment plan (mentioned above). So your next step is getting these papers ready.

• 5. You can submit your application for a gambling license via a local representative (it can be your attorney or an accountant) to the representative of the appropriate establishment.

• 6. And then you wait. Your application will be reviewed in accordance with the piece of legislation that sets out conditions for granting a license. You may find it interesting to also learn from this document about the reasons for gambling license revocation. As it was mentioned above, players tend to trust licensed casino operators, because they know that gambling license involves regular assessment of the casino’s conduct. So there will inevitably be a list of rules you will have to follow in order to keep your license if you get one.

What You Should Watch Out For With Slot Machine Gambling

The 2005 Gambling Act brought all British slot machine gambling under the rules and regulations of the new Gambling Commission. This act allowed gaming companies to advertise on radio and TV, as well as the possibility of getting bigger payouts on slot machines.

However, those who oppose it felt that it would cause an increase in gambling addictions. The Sports minister countered that sentiment by stating the new laws would actually gives the casinos more control.

Is there cause for concern that more lenient laws regarding slot games could cause an increase in the number of betting addictions? The Norwegian government would probably say yes, as thousands of Norwegian’s have become addicted to playing the slot games; turning one of the most law-abiding countries into a country riddled with citizens who have gambling addictions. It is so bad that the government wants to cut the number of machines from the current 18,000 to just a few thousand, with restrictions on access.

At one time, the major addictions included alcohol, tobacco and drugs. Today, however, there is another addiction that is growing faster than ever in the United States and that is a gambling, including slot machine gambling. Experts say that while adult pathological gamblers are a big problem, it is the teenagers who are falling victim to the allure of winning big money.

If they have jobs, then they will spend every bit of cash they have on betting, then they will turn to begging for money from family. If that doesn’t work, then they will begin stealing whatever they can to feed their habit.

Studies show that on average, a gambler will lose all of their money and then will use credit to continue to play slot machines or other games. They will get over their heads in debt, anywhere from $40,000 to $90,000, before they will even think about getting any type of help for their addiction.

Many will use bankruptcy as a form of relief and many others who cannot find a solution will commit suicide. Legalized gambling is one of the fastest growing industries today, enabling the gaming industry to make a lot of money.

Many people believe that slot machine gambling, video poker machines, video slot machines, or any other type of betting will not cause addictions, yet they do. This type of addiction is considered compulsive gambling and also a mental disorder, known as impulse control. Experts believe this has become more of a problem because access to betting is much easier than it used to be, considering the increase of online games and with so many more legalized gambling establishments opening up.