Online Gambling Strategic Recommendation

Topics: Gambling, Casino, Online gambling Pages: 5 (1999 words) Published: July 24, 2012
With the increasing number of people who use the internet, email, online banking, and other computer-related technologies, it was just a matter of time until we would see internet gambling becoming popular. The first internet gambling sites started appearing as early as 1994. Some of the earlier operators included “The Gaming Club,” and “Intertops Online Casino and Sportsbook.” Few years later, new online casinos started popping up almost daily, around year 2005. There were more than 2500 sites that offered some form of online gambling. Today there are many brand name online casinos; some of them are one of the most profitable company’s worldwide (GamblingInfo, 2000). According to “National Gambling Impact Study Commission Final Report”, research consultant Sebastian Sinclair of Christian Cummings Associates, Inc., estimated that internet gambling more than doubled from 1997 to 1998, from 6.9 million players generating $300 million in revenues to 14.5 million players generating $651 million. Online casino business is the fastest growing business in the world at the moment. When online gambling first came about in the late 1990s/early 2000s, it exploded on the scene with revenue charts in which the arrows were almost vertical. Even with today’s world-wide economic crises, those arrows continue their upward climb. Everybody was either gambling or opening up an online gambling site themselves. When the recession started to hit, many people in the online gambling industry were fearful that it would hit online casinos hard because gambling was not essential to living like food or homes were, but the projections coming in for 2008 showed a different story. What it showed was online gambling is much more resilient than people previously thought(GamblingInfo, 2000). The Internet has made way for new types of gambling to form online. The recent improvements in technology have once again changed betting habits just as Video Lottery Terminal, keno, and Scratch cards changed the gambling industry in the early 20th century. Internet gambling has become one of the most popular and lucrative business present on the Internet (Wikipedia, 2012). Online gambling allows gamers the opportunity to play all the same casino games that individuals would find in any land-based casino from the comfort of their homes. Gamers have the ability to download online casinos software to your computer or players also have the ability to play casino games directly on the casino site without any download through an interactive online casino where there is interaction with the dealer and other players who may be playing at your table. Online gambling is an activity that adults enjoy and it does no conceivable harm to anybody else. There are strong arguments against legalizing online gambling. First argument claims that online gambling further confuses the issue of legality. The argument is that online gambling blurs the line even further between legal and illegal gambling. As confusion reigns from state to state when it comes to gambling, 48 states have some form of legalized gambling—including lotteries, race tracks and casino games, but there is little consistency that exists in gambling laws. Second argument claims that online gambling breeds addiction. This argument states that online gambling opens a giant can of worms in that it gives gambling access to millions of people who otherwise would not have access. One of the logical conclusions in this argument is by having more gamblers means having more gambling addicts. Third argument claims that online gambling promotes fraud and cheating. The basis of this argument is critics claim that online gambling sites have already become a haven for hackers and con men. Most internet gamblers purchase credit online through the use of their credit cards, therefore, skilled hackers would have mountains of credit card numbers to illegally charge to. Fourth and final argument claims that online gambling...
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