Regulating Gaming in Ireland
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Chapter 3: Pathological and Problem Gamblers in the United States The
Chapter 3: Pathological And Problem Gamblers In The United States The perception of increased pathological and problem gambling is currently driving interest and concern among policymakers, treatment professionals, industry officials, gambling researchers, and the public. Data describing the extent of pathological and problem gambling are useful for many purposes, including planning public health services and medical services. This chapter discusses the prevalence of pathological and problem gamblers among the general U.S. population and specific subpopulations. As limited by the available data, the discussion is often framed in terms of the proportion of pathological and problem gamblers reported in studies of U.S. residents. Of particular concern is determining prevalence among reportedly vulnerable demographic groups, such as men, adolescents, the poor, the elderly, and minorities (including American Indians). We also attempt to examine trends in relation to the increased availability of legal gambling opportunities in the last decade. This chapter also makes comparisons with the prevalence rates of alcohol and drug abusers, to help put the magnitude of excessive gambling and related problems into perspective. LIMITATIONS OF PREVALENCE RESEARCH In Chapter 2 we described the difficulties involved in defining and measuring pathological gambling using various assessment instruments. Here it is important to note that comparing and interpreting prevalence findings is problematic when different studies use different screening and/or diagnostic instruments or criterion levels to measure differing levels of intemperate gambling and associated problems. Unfortunately, such differences are common in the research literature on pathological and problem gambling (Volberg, 1998b) which creates problems in estimating prevalence rates in the United States. -
Information Memorandum in Connection with the Acquisition Financing
Information Memorandum in connection with the Acquisition Financing March 2018 Table of contents List of figures 4 1. Disclaimer 6 2. Transaction overview 8 2.1. Introduction 8 2.2. Sources and uses 9 2.3. Pro forma capitalisation 9 2.4. Illustrative transaction timeline 10 2.5. Key terms of the acquisition financing 11 2.6. Pro forma organisational structure 12 2.7. Strategic rationale for the Acquisition 13 3. Key credit highlights 14 3.1. Largest multi-channel gaming operator globally with leading positions in key markets 14 3.2. Over 90% of revenue from regulated and / or taxed markets 17 3.3. Strong and complementary brand portfolio with cross-sell growth opportunity 19 3.4. Enhanced scale underpinned by best-in-class technology 20 3.5. Acquisition to generate material run-rate synergies 22 3.6. Highly profitable business with robust cash generation 24 3.7. Experienced management team with a track record of successful acquisitions 25 4. Industry overview 27 4.1. Regulatory landscape 27 4.2. Recent trends in online gaming 28 4.3. Recent trends in retail gaming 34 4.4. Competitive landscape 38 4.5. Industry business model 40 5. Triennial Review and Contingent Value Right 41 5.1. Triennial Review 41 5.2. Contingent Value Right 43 6. GVC company overview 47 6.1. Summary 47 6.2. Company history and recent developments 50 6.3. Business overview 51 6.4. Technology 53 Page 2 of 75 7. Ladbrokes Coral Group company overview 55 7.1. Summary 55 7.2. Company history 57 7.3. -
Casino Development: How Would Casinos Affect New England's
C Horn C A Symposium Sponsored by the Federal Reserve Bank of Boston Robert Tannenwald, Editor Special Report No. 2 Published in October 1995 Preface / iii Welcome and introduction / v Cathy E. Minehan Panel I: impact on income and Jobs The extent to which casino development fosters the economic growth of a state or local area has been vigorously debated. What evidence of the economic effects of casino development do we have, based on both theory and empirical research? What can New England ]earn from regions where casinos are more widespread? What are the methodological issues in estimating casinos’ impact on jobs and income? Introduction Robert Tannenwa]d The Impact of Casino Gambling on income and Jobs / 3 Ear] L. Grino]s Gambling and the Law®: Endless Fields of Dreams® I. Nelson Rose indian Gaming’s impact on income and Jobs / 47 S. Timothy Wapato High=Stakes Casinos and Economic Growth / 52 Arthur W. Wright Panel ll: Implica~ons for Public Sector Revenues Casinos pay substantial taxes and fees to state and local governments. What is the optimal way to tax casinos? To what extent do taxes and fees collected from casinos displace public revenue generated by other forms of state-sponsored gambling, such as lotteries and parimutuel betting? Do revenues from casino taxes displace revenues from sales taxes? Who ultimately bears the burden of casino taxes? introduction / 59 Gary S. Sasse The Promise of Public Revenue from Casinos Charles T. Clotfelter Steven D. Gold Finances: The Case of New Jersey / 74 Ran3ana G. Madhusudhan Perspective of the Treasurer of Massachusetts / 87 The Honorable Joseph D. -
Hedging Your Bets: Is Fantasy Sports Betting Insurance Really ‘Insurance’?
HEDGING YOUR BETS: IS FANTASY SPORTS BETTING INSURANCE REALLY ‘INSURANCE’? Haley A. Hinton* I. INTRODUCTION Sports betting is an animal of both the past and the future: it goes through the ebbs and flows of federal and state regulations and provides both positive and negative repercussions to society. While opponents note the adverse effects of sports betting on the integrity of professional and collegiate sporting events and gambling habits, proponents point to massive public interest, the benefits to state economies, and the embracement among many professional sports leagues. Fantasy sports gaming has engaged people from all walks of life and created its own culture and industry by allowing participants to manage their own fictional professional teams from home. Sports betting insurance—particularly fantasy sports insurance which protects participants in the event of a fantasy athlete’s injury—has prompted a new question in insurance law: is fantasy sports insurance really “insurance?” This question is especially prevalent in Connecticut—a state that has contemplated legalizing sports betting and recognizes the carve out for legalized fantasy sports games. Because fantasy sports insurance—such as the coverage underwritten by Fantasy Player Protect and Rotosurance—satisfy the elements of insurance, fantasy sports insurance must be regulated accordingly. In addition, the Connecticut legislature must take an active role in considering what it means for fantasy participants to “hedge their bets:” carefully balancing public policy with potential economic benefits. * B.A. Political Science and Law, Science, and Technology in the Accelerated Program in Law, University of Connecticut (CT) (2019). J.D. Candidate, May 2021, University of Connecticut School of Law; Editor-in-Chief, Volume 27, Connecticut Insurance Law Journal. -
William Hill PLC (Incorporated with Limited Liability in England and Wales with Registered Number 4212563) £350,000,000 4.875 Per Cent
William Hill PLC (incorporated with limited liability in England and Wales with registered number 4212563) £350,000,000 4.875 per cent. Guaranteed Notes due 2023 unconditionally and irrevocably guaranteed by William Hill Organization Limited (incorporated with limited liability in England and Wales with registered number 00278208) WHG (International) Limited (incorporated with limited liability in Gibraltar with registered number 99191) William Hill Australia Holdings Pty Limited (incorporated with limited liability in Australia with registered number ACN 161 652 955) Issue price: 100 per cent. The £350,000,000 4.875 per cent. Guaranteed Notes due 2023 (the “Notes”) will be issued by William Hill PLC (the “Issuer”) and will be unconditionally and irrevocably guaranteed (the “Notes Guarantee”) on a joint and several basis by William Hill Organization Limited (“WHO”), WHG (International) Limited (“WHG”) and William Hill Australia Holdings Pty Limited (“William Hill Australia”) (each a “Guarantor” and, together, the “Guarantors”) and any other subsidiary of the Issuer which becomes a guarantor of the Notes after the Issue Date (as defined on page 20), as described under “Terms and Conditions of the Notes — Notes Guarantee”. References herein to the “Guarantors” shall, so far as the context permits, also include any subsidiary of the Issuer which becomes a guarantor of the Notes after the Issue Date but shall not include any subsidiary of the Issuer which ceases to be a guarantor of the Notes after the Issue Date, all as described under “Terms and Conditions of the Notes — Notes Guarantee”. References herein to the “Group” are to the Issuer and its subsidiaries. -
Gambling Act 2005
Gambling Act 2005 CHAPTER 19 CONTENTS PART 1 INTERPRETATION OF KEY CONCEPTS Principal concepts 1 The licensing objectives 2 Licensing authorities 3Gambling 4 Remote gambling 5 Facilities for gambling Gaming 6 Gaming & game of chance 7Casino 8 Equal chance gaming Betting 9 Betting: general 10 Spread bets, &c. 11 Betting: prize competitions 12 Pool betting 13 Betting intermediary Lottery 14 Lottery 15 National Lottery ii Gambling Act 2005 (c. 19) Cross-category activities 16 Betting and gaming 17 Lotteries and gaming 18 Lotteries and betting Miscellaneous 19 Non-commercial society PART 2 THE GAMBLING COMMISSION 20 Establishment of the Commission 21 Gaming Board: transfer to Commission 22 Duty to promote the licensing objectives 23 Statement of principles for licensing and regulation 24 Codes of practice 25 Guidance to local authorities 26 Duty to advise Secretary of State 27 Compliance 28 Investigation and prosecution of offences 29 Licensing authority information 30 Other exchange of information 31 Consultation with National Lottery Commission 32 Consultation with Commissioners of Customs and Excise PART 3 GENERAL OFFENCES Provision of facilities for gambling 33 Provision of facilities for gambling 34 Exception: lotteries 35 Exception: gaming machines 36 Territorial application Use of premises 37 Use of premises 38 Power to amend section 37 39 Exception: occasional use notice 40 Exception: football pools Miscellaneous offences 41 Gambling software 42 Cheating 43 Chain-gift schemes 44 Provision of unlawful facilities abroad Gambling Act 2005 (c. 19) iii PART 4 PROTECTION OF CHILDREN AND YOUNG PERSONS Interpretation 45 Meaning of “child” and “young person” Principal offences 46 Invitation to gamble 47 Invitation to enter premises 48 Gambling 49 Entering premises 50 Provision of facilities for gambling Employment offences 51 Employment to provide facilities for gambling 52 Employment for lottery or football pools 53 Employment on bingo and club premises 54 Employment on premises with gaming machines 55 Employment in casino, &c. -
The Casino Debate in Massachusetts
University of Massachusetts Boston ScholarWorks at UMass Boston Financial Services Forum Publications Financial Services Forum 4-1-2011 Dice or No Dice: The aC sino Debate in Massachusetts College of Management, University of Massachusetts Boston Follow this and additional works at: http://scholarworks.umb.edu/financialforum_pubs Part of the Economics Commons, Gaming and Casino Operations Management Commons, and the State and Local Government Law Commons Recommended Citation College of Management, University of Massachusetts Boston, "Dice or No Dice: The asinoC Debate in Massachusetts" (2011). Financial Services Forum Publications. Paper 28. http://scholarworks.umb.edu/financialforum_pubs/28 This Research Report is brought to you for free and open access by the Financial Services Forum at ScholarWorks at UMass Boston. It has been accepted for inclusion in Financial Services Forum Publications by an authorized administrator of ScholarWorks at UMass Boston. For more information, please contact [email protected]. Spring 2011 Report Dice or No Dice: The Casino Debate in Massachusetts Dice or No Dice: The Casino Debate in Massachusetts University of Massachusetts Boston, College of Management Financial Services Forum Spring 2011 Report [1] Spring 2011 Report Dice or No Dice: The Casino Debate in Massachusetts Welcome to the UMASS – Boston, College of Management, Financial Services Forum’s 2011 Report on the casino debate in Massachusetts. The debate on casinos has intensified over the last few years. Governor Deval Patrick tried to get approval for three casinos back in September 2008, which was rejected by the then Speaker Salvatore Dimasi. However, two years ago, the Governor stood in the way of casinos by vetoing the bill passed by the House and the Senate. -
Financial Statements
It’s all about Annual Report and Accounts 2008 - 2009 1 ANNUAL REPORT 2008/2009 Contents Overview Highlights 1 It’s All About Sport 2 Sport 4 Enhancing Sport: Casino, Games and Poker 5 Supporting Our Customer 6 Chairman’s Statement 7 Group Chief Executive’s Review 9 Governance Corporate Social Responsibility 15 Board of Directors 19 Financial Review 22 Corporate Governance Statement 23 Directors’ Report 26 Remuneration Report 28 Regulatory Developments 33 Financial Statements Independent Auditors’ Report 36 Group Financial Statements 37 Notes to the Consolidated Financial Statements 41 Parent Company Financial Statements 70 Notes to the Parent Company Financial Statements 72 Other Information Notice of Meeting 78 Notes to the Notice of Meeting 80 Shareholder Information 84 Financial Summary 85 Corporate Directory 86 Highlights Key highlights zzBreadth of sports product increased significantly to over 8,000 different offers per day. zzIntroduced live streaming to supplement in:play betting. zzLaunched in Romania and South Africa. zz90+ new casino style games launched in Q4. zzReinstatement of dividend payments. 1.0p final dividend declared. Financial highlights (from continuing operations) 2009 2008 % £m £m Amounts Wagered 1,577.2 1,347.8 17 Net Gaming Revenue 163.6 144.3 13 EBITDA* 39.7 31.0 28 Adjusted Operating Profit* 31.1 24.7 26 Group Operating Profit 21.9 0.8 - Diluted EPS (p) 4.2 (0.5) - Adjusted Diluted EPS* (p) 6.0 4.2 41 Net cash** 23.8 28.6 -17 * Adjusted to exclude exceptional items, share option charge and amortisation ** Net of long term debt and customer liabilities 1 ANNUAL REPORT 2008/2009 It’s All About Sport Our ethos is ‘it’s all about sport’. -
A Review of Online Gambling Literature
A Review of Online Gambling Literature Amanda V. McCormick & Irwin M. Cohen A Review of Online Gambling Literature 2007 Authors: Amanda V. McCormick Irwin M. Cohen © No part of this publication may be used or reproduced in whole or in part, or stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission of the publisher. To obtain permission, contact the BC Centre for Social Responsibility at 33844 King Road, Abbotsford, British Columbia, V2S 7M8. Library and Archives Canada Cataloguing in Publication McCormick, Amanda V A review of online gambling literature, 2007 / prepared by Amanda V. McCormick and Irwin M. Cohen. Includes bibliographical references. ISBN 978-0-9864996-7-8 1. Internet gambling. 2. Internet gambling--Law and legislation. I. Cohen, Irwin M II. BC Centre for Social Responsibility III. Title. HV6710.M34 2010 306.4'82 C2010-901319-0 Contents Contents ........................................................................................................................................... 1 Introduction ..................................................................................................................................... 1 Location of Online Gambling Companies ....................................................................................... 4 Online Payments .......................................................................................................................... 5 Benefits of Online -
The Social and Economic Impacts of Gambling
1 2011 THE SOCIAL AND ECONOMIC IMPACTS OF GAMBLING Robert J. Williams, Ph.D. Professor, Faculty of Health Sciences, and Coordinator, Alberta Gaming Research Institute University of Lethbridge, Lethbridge, Alberta, Canada Jürgen Rehm, Ph.D. Director, Social and Epidemiological Research Department, Centre for Addiction and Mental Health (CAMH), Toronto, Canada Senior Scientist and Co-Head, Section Public Health and Regulatory Policies, CAMH, Toronto, Canada Professor and Chair, Addiction Policy, Dalla Lana School of Public Health, University of Toronto (UoT), Canada Professor, Dept. of Psychiatry, Faculty of Medicine, UoT, Canada Head, Epidemiological Research Unit, Technische Universität Dresden, Klinische Psychologie & Psychotherapie, Dresden, Germany Rhys M.G. Stevens, M.L.I.S. Librarian, Alberta Gaming Research Institute University of Lethbridge, Lethbridge, Alberta, Canada FINAL REPORT PREPARED FOR THE CANADIAN CONSORTIUM FOR GAMBLING RESEARCH 3/11/2011 2 Citation Williams, R.J., Rehm, J., & Stevens, R.M.G. (2011). The Social and Economic Impacts of Gambling. Final Report prepared for the Canadian Consortium for Gambling Research. March 11, 2011. http://hdl.handle.net/10133/1286 The following are the members of the Canadian Consortium for Gambling Research: Alberta Gaming Research Institute Canadian Centre on Substance Abuse Gaming Policy and Enforcement Branch of British Columbia Manitoba Gaming Control Commission Ministère de la Sante et des Services Sociaux du Québec Gambling Awareness Foundation of Nova Scotia Ontario Problem Gambling Research Centre Contact Information Dr. Robert J. Williams Professor, Faculty of Health Sciences & Coordinator, Alberta Gaming Research Institute 3017 Markin Hall University of Lethbridge Lethbridge, Alberta Canada; T1K 3M4 403-382-7128 (phone) [email protected] Dr. -
Ten Reasons to Oppose Expanding Casino Gambling to Hartford Or Fairfield Counties
Ten Reasons to Oppose Expanding Casino Gambling To Hartford or Fairfield Counties 1. Societal Costs. Opening a casino in either Hartford County or Fairfield County would dramatically expand casino gambling in Connecticut, leading to an increase in gambling addiction and the problems that accompany it. According to the UConn School of Medicine, the growing gambling epidemic is hitting lower socioeconomic groups the hardest and the resulting societal costs are being borne by employers, law enforcement, social welfare agencies, and the health care system. 2. Economic Costs. A Hartford area convenience casino would target Connecticut residents, while a Fairfield County casino’s potential for drawing New Yorkers has declined greatly with the opening of three machine gambling casinos in Metropolitan New York. As a result, the taxes and jobs produced by a Hartford or Fairfield County casino would be paid for overwhelmingly by the gambling losses of Connecticut residents, leaving them with less to spend on other areas of the state’s economy and, according to economists, merely redistributing existing money within the state without creating economic growth. 3. Compact Costs. Permitting the Mashantucket Pequot and Mohegan Tribes to open an off- reservation casino could trigger a provision of the state-tribal compact under which the tribes would no longer have to pay the state 25% of their slot machine revenue. Allowing anyone other than the tribes to open a casino in Connecticut would automatically end tribal slot payments to the state. 4. Timing. With the Northeast facing a growing casino glut, this is the worst possible time for Connecticut to up its bet on the casino industry. -
Policy Brief Summary – Social Impacts of Gambling in the United
Social Impacts of Gambling in the United States A Comprehensive Analysis of State Regulatory Bodies, Legislatures, and Health Departments PRS Policy Brief 0910-05 March 16, 2010 Prepared by: Boyd Lever David Lumbert II Anya Perret For Presentation to the New Hampshire Gaming Study Commission This report was written by undergraduate students at Dartmouth College under the direction of professors in the Rockefeller Center. Support for the Policy Research Shop is provided by the Ford Foundation. Contact: Nelson A. Rockefeller Center, 6082 Rockefeller Hall, Dartmouth College, Hanover, NH 03755 http://rockefeller.dartmouth.edu/shop/ • Email: [email protected] TABLE OF CONTENTS EXECUTIVE SUMMARY .......................................................................................................................... 3 1. METHODOLOGY................................................................................................................................... 4 1.1 STATE REGULATORY BODY METHODOLOGY (SEE TABLE 4 IN APPENDIX FOR COMPLETE FINDINGS).. 4 1.2 STATE LEGISLATURE METHODOLOGY (SEE TABLE 5 IN APPENDIX FOR COMPLETE FINDINGS)............ 4 1.3 HEALTH DEPARTMENT/PROBLEM GAMBLING TREATMENT PROGRAMS METHODOLOGY (SEE............. 5 TABLE 6 IN APPENDIX FOR COMPLETE FINDINGS)...................................................................................... 5 2. FINDINGS ................................................................................................................................................ 5 2.1 POTENTIAL