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Conneciticut Gambling Study

Tuesday October 15,2013 : ACADEMIC STUDY CALLS FOR LIMITS TO CONNECTICUT GAMBLING
 
Findings give ammunition to anti-online gambling lobby
 
Any legalisation of online gambling  in the US state of Connecticut could be influenced by reaction to a recent study of land casino saturation in the state carried out by The Council on Casinos, an independent, nonpartisan group of scholars assembled by the Institute for American Values, a New York based non-profit whose mission is to study and strengthen civil society.
 
In reporting on the study, the local Hartford Courant newspaper noted that land casinos continue to proliferate in the United States with almost a thousand gambling venues across America.
 
In its preamble to the study, The Council on Casinos notes that:
 
"From time to time, a new institution takes root across the country, and in doing so changes the nation - changes the physical landscape of communities, impacts the patterns and habits of daily life, affects citizens' and communities' economic outcomes, and even alters relationships" among its citizens."
 
Gambling is just such an institution, the Council concludes, listing the following key findings:
 

  • Once a largely upper-class activity, casino gambling has moved to the mainstream of American life.
  • The American casino is primarily filled with highly addictive slot machines. It caters overwhelmingly to middle and low rollers who live within an hour's drive away, return frequently and play the slots.
  • Modern slot machines transformed American gambling. They are sophisticated computers, engineered to create fast, continuous betting designed to get players to gamble longer and lose more.
  • Problem gamblers (those with moderate to severe gambling addiction) account for 40 percent to 60 percent of slot machine revenue.
  • Problem gambling has serious family and societal consequences.
  • Casinos extract wealth from communities, weaken nearby businesses and reduce voluntarism, civic participation, family stability and other forms of social capital.

 
The Courant notes that slot revenue at Connecticut's two casinos is down more than 30 percent from its peak, with the state's share dropping from $430 million annually to under $300 million, and that state government needs to reduce dependency on this source of tax revenues.
 
"Instead, our government appears determined to double down and promote more gambling," the newspaper observes, pointing to recent land gambling expansion moves and state governor Dannel P. Malloy's support for initiatives seeking to allow the state's land casinos to enter the online gambling sector.
 
"The casinos want it to attract a broader and younger audience, and experts view it as particularly addictive because of the fast pace, 24-hour availability and the instant gratification," the newspaper warns.
 
The Courant is worried that internet gambling regulation may be introduced stealthily, and gives as an example the recent approval of keno by the legislature in the wee morning hours without notice or hearings and after apparently making a secret deal to share the profits with Foxwoods and Mohegan Sun.
 
"Given the administration's proclivity for backroom deals, the danger is that Connecticut residents will wake up one morning with video slot parlours and Internet gambling without ever having a chance to voice their opposition," the newspaper cautions.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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