Internet Gambling Under Siege

Dayanim, Behnam

doi:10.1089/glr.2007.11502

Cited by 4 publications

(1 citation statement)

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“…Figures for internet gambling (including "sports or race bookmaking" or "games of chance") grew to an estimated $US10-15bn in 2007, with a then estimated increase to $US20 billion by 2010 (McMullan and Rege, 2007, p. 648 -since supported in their 2010 article). Dayanim (2007) however, states that "the last 15 months have been cataclysmic for the enormous Internet gambling industry" as a result of increased "USA government enforcement and new federal legislation" (p. 536). Regardless, by 2011 the worldwide online gambling figure had grown to $US 30bn (Stewart and Gray, 2011, p. 1).…”

Section: Physical and Internet Gamblingmentioning

confidence: 99%

Money laundering through gambling devices

Buchanan

2018

SBR

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Purpose The aim of this paper is to examine how money laundering occurs through electronic gaming devices, the regulatory requirements for operators of electronic gaming machines, the issues of on-line versus land-based gambling and a discussion about ethics and social responsibility. Design/methodology/approach This is primarily a conceptual paper which includes an identification of several theories relevant to money laundering. Primary data were obtained from one respondent through a face-to-face meeting and another through a telephone conversation. Findings A strong, globally co-ordinated effort is required to fight against the increasingly “dark side” of money laundering. The tenets of corporate social responsibility (CSR), including a strong focus on ethics, is vitally important in the gambling industry in helping to wipe out money laundering, which is used to make “dirty” money “clean” and in some instances, used to fund terrorism. Research limitations/implications Further studies could be conducted incorporating a sample of primary data within, and between, jurisdictions. Further work is recommended for developing a form of global collective targeted practical deterrents, supported by technology including artificial intelligence as identified to some degree in this paper. Whilst this paper has included a discussion on CSR, moral management and ethics as a means of arbitrating money laundering, future research could put this idea to the test. Practical implications Efforts (including technological) to combat money laundering at the venue level continue to be developed. Further, regulations could include mandatory training in CSR and ethics for all employees in organisations identified by regulators as being particularly susceptible to money laundering. Social implications Terrorist actions have gained increasing attention as various countries have had to endure seemingly escalating atrocities in their jurisdictions. Government has an important role to take the necessary steps to strike out terrorism to protect its citizens. Originality/value No peer-reviewed academic articles could be identified using a Google Scholar search on money laundering and/or marketing and or CSR. A limited number of articles were identified using the search terms “money laundering and gambling”.

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Section: Physical and Internet Gamblingmentioning

confidence: 99%

Money laundering through gambling devices

Buchanan

2018

SBR

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Minors and Gambling Regulation

Carran

2013

Eur. j. risk regul.

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Early initiation of gambling has been argued to be closely correlated with placing players at higher risk of developing problem gambling behaviour in the future. The vast majority of jurisdictions, including Great Britain, attempts to eliminate minors' access to gambling by making it illegal and by requiring gambling providers to adopt strict age-verification procedures. Despite those measures minors continue to successfully access gambling. This paper demonstrates that British legal framework suffers from many statutory loopholes. It considers weaknesses in the regulatory offences as well as enforcement deficiencies. It further highlights how the differences between black letter law, political rhetoric and practical application undermine the strength of the prohibition of gambling by minors.

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