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The Effectiveness Of The Casino Industry Doubling Down On Responsible Gaming Initiative

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With the casino industry doubling down on responsible gaming initiative, a lot of people are wondering about the results that they can expect. To a certain extent, this initiative is about helping to stop the issue of problem gambling in the casino industry. Some people will question whether or not this initiative will truly help problem gamblers.

Casinos will now have to make it more obvious what the odds of winning at a game really are, and this is one of the new measures that is being strongly pushed at present. However, it should be noted that a lot of problem gamblers actually are rationally aware that the odds are strongly against them when it comes to winning at the games in question. This still does not really manage to change their behavior.

The overwhelming majority of gamblers at the canadian casinos online and elsewhere are not problem gamblers. For the most part, problem gamblers are the minority anywhere. Countless people decide to gamble in spite of the fact that they know that the odds are not on their side. They are doing it because it's fun and because they enjoy the thrill. In fact, knowing that the odds are against them is part of the fun in the first place. Competing and trying to win some money can be more fun than just receiving money as a gift.

The problem gamblers are usually trying to solve an internal problem through their casino gaming efforts. They gamble because it makes them feel better in a way. Knowing that the odds are against them is not going to matter. They will still try to solve this internal issue to the best of their ability.

In some cases, knowing that the odds are against them is part of the point. A lot of problem gamblers have self-destructive tendencies. They are trying to punish themselves for something, getting a release that way. Other problem gamblers are doing it because the adrenaline surge that they get from gambling is one of the only things that they can do to alleviate the emotional pain that they're going through at a given time.

People often seek out adrenaline surges in order to comfort themselves. Many other psychological disorders will work in the exact same way. To a certain extent, there is a certain rationality in seeking an adrenaline surge that allows a person to cope with something. However, it is important for people to note that these adrenaline surges will come at a price, and that might not be worth it at the end of the day.

It is possible that this new casino initiative will help with the problems associated with problem gambling to a certain extent. It might make some people better. It might even make the industry more productive. The employees might be happier and more efficient, and some issues with underage gambling might disappear. However, other than that, it is possible that society will need to address issues related to problem gambling in a different way.

 

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Peter Milosheff

acquired Bronx.com in March, 2005 and manages the The Bronx Times.™ content and operations since as the neswpapers' owner and founding editor. Alongside with managing The Bronx Times.™, Peter worked in the area of corporate finance for Christie's New York, Prada, Pfizer, Deutsche Bank, Fortis Bank and BNP Paribas. At Moody's Investors Service and Deutsche Bank he worked in the areas of structured products revenue accounting and asset management, respectively. At Fortis Bank he worked in the area of product control for the structured credit origination and trading deask. At BNP Paribas Peter worked as a trading assistant at the bank's flow fixed income trading desk. Peter began his entrepreneurial career at age 17 in Sofia, Bulgaria, EU, where he established his private educational advising agency Endeavour, providing service to local students interested in continuing their education abroad, and particularly in the US.. Peter received a Bachelor of Science in Business Administration degree from Slippery Rock University of Pennsylvania in the Spring of 2002. He graduated Cum Laude with a major in Finance.