Chris Smith’s Post

"I'm really good at gambling. I think I'm going to make this my job now." What do you think? Is gambling a good way to make money? FACT: Of the people who claimed "professional gambler" on their income tax returns, a very low percentage of those individuals had an income in the positive numbers. The vast majority not only didn't have an income, but they actually lost money for the year. Even gambling operators will tell you that gambling is not a good way to make money. Draft Kings responsible gambling site says explicitly, "Gambling should not be viewed as a pathway to financial gains or shortcut to financial success." Contact Nicasa for help: [email protected], 847-546-6450. #gambling #ProblemGambling #money

October 1 was the date set by the Finance Ministry as the date for implementing a 28% uniform duty on online money gaming and casinos. But what effect shall this have on the industry? Kabir Singh Bhandari #onlinegamingindustry #gamingindia #onlinemoney #gamingapp #FinanceMinistry #OnlineMoneyGaming #Casinos #Taxation #IndianGamingIndustry #TaxImplementation #FinancialNews #OnlineGamingRegulation #TaxCompliance #OIDAR #PANDeclaration #GamingApps #GamingInIndia #TaxPolicy #IndustryImpact #TaxationInGaming #OnlineGamingTax

Slotegrator has developed an interactive map of gambling market regulation. The map includes information on 197 countries, external territories and islands. User can find out an info about the rules governing land-based and online casinos, as well as offline & online betting anywhere in the world. Slotegrator was the first in the gambling industry to present such a solution in an interactive format. #GamblingRegulation #GamblingIndustry #Gambling #Betting

An important rollout by the UK Government. Must read and align.... The proposal was first put forward as part of the government’s Gambling Act white paper, which was published last April. White paper details here - https://lnkd.in/dbiWwgKP #gambling #gamblingcommission #ukgc #regulation #slots

According to the Online Gambling Association (BOS), the tax increase will weaken Sweden's legal market and strengthen the position of illegal operators 🤔 Swedish government may increase GGR tax from 18% to 22% This was stated by CEO BC ATG Hans Lord Skarplot, who previously asked the authorities to set different rates for race operators, online casinos and bookmakers. Financial Markets Minister Weikman called the rate increase from 18% to 22% "unprofitable", as the illegal market has already taken 23% of Swedish players by luring them with bonuses and unfair play. #swedish #gambling #igaming #betting

Understanding the #Mechanisms Behind #Slot #Machine #Payouts Slot machines are often seen as the pulsating core of both online and land-based casinos, and have always captivated players with their mysterious mechanisms of awarding wins. #Understanding the https://lnkd.in/gGa46YjZ #adviceguru #lifestyle #lifestyleblog

AUSTRAC has recently issued a statement regarding a forthcoming crackdown on compliance within the gambling sector, specifically targeting pubs and clubs that provide pokie machines. This stems from recent high-profile cases revealing systemic non-compliance in the gambling industry, including an investigation into Bet365. If you are a provider of a minimum of 15 pokie machines, your establishment is now at the forefront of these regulatory changes, which may seem daunting. However, with the right approach and guidance, compliance can be achieved effectively and efficiently. Find out more about the implications for your business and how to comply with these changes with confidence and ease: https://lnkd.in/eDYQRatf

Addiction Economy Thought for Today - Number 2 of our 4 Drivers of the Addiction Economy is 'Predatory Marketing'. This is the epitome of that and my outrage perfectly articulated here by ✌️John Brown. If anyone spots others, do send by DM, love to see them. Thanks to Jane Shaw for the heads up about this one. All this is the work of the Labour Party and Tessa Jowell who decided to reclassify gambling as a leisure industry and allow it to do what it likes. We have the most lax rules in the world and I think the most harmed gamblers in the world as a direct result of this policy change. I will be doing a review soon of the gobsmacking book Vicious Games - Capitalism and Gambling by Rebecca Cassidy, which shows how UK gambling changed from high street bookies with blackout windows who respected their punters, to the digital world run by money men using addictive product design and predatory marketing techniques to hook their customers and don't care a jot what happens to them. Easily on a par with cigarette companies. The transformation of the UK market is such a perfect example of an Addiction Economy in action that we want to do a special case study on it. Here is the Consultation Draft of White Paper on the Economic Model in case interested. Love any feedback for final paper being finished next week. https://lnkd.in/enuF7_t4

Recent Australian research showed that gambling availability has a strong influence on harm. This was even more than factors like stress, loneliness, and financial hardship. It is simple: reducing gambling products, is likely to reduce gambling harm. This was especially relevant to poker machines. https://lnkd.in/geTzhHuQ #GamblingHarm #GamblingAvailability #BlowUpThePokies