The gaming industry is big business in the U.S., contributing an estimated US$240 billion to the economy each year, while generating $38 billion in tax revenues and supporting 17 million jobs. What people may not realize is that slot machines, video poker machines and other electronic gaming devices make up the bulk of all that economic activity….
Lights and sounds coming from electronic gambling machines – also known as EGMs, pokies or slots – contribute to their addictive potential according to new research published today. Scientists from the University of British Columbia, Canada, set up experiments with human subjects using gambling tasks and “sensory cues” such as flashing lights and catchy tunes. They found…
Gambling has become a talking point in the UK Conservative Party leadership election after the health secretary Matt Hancock called for a £100m-plus annual levy on betting companies. If chosen as the next prime minister, Hancock said he intends to impose a 1% tax on these companies’ profits to pay for treatment and research into this area….
Regulatory failure has been a hot topic in Australia recently. Royal commissions into the financial and aged care sectors have revealed major regulatory failures. The harm done by these oversights has been significant. Regulation is not just red tape. It protects the interests of those who put their faith, money, and in some cases, loved ones, into regulated institutions….
