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One of the more way-out there articles spotted on the Internet this week came from Softpedia, which reported on the somewhat reaching theories of an Illinois academic in a three part publication entitled 'The United States International Gambling Report Series'.
Apparently the latest in the series contains an article by University of Illinois professor and editor of the series, John W. Kindt, who is of the view that the surge in legalised gambling that the country has registered over the past two decades is posing an increased risk to the nation's security. 
Kindt makes the connection between gambling and the national security of the United States by claiming that monies that would have otherwise gone to strengthen the economy and to consumer services are now diverted to private interests, and that this state of events ultimately reduces the amount spent from federal funds for the military sector.
“We cannot maintain a strong military presence with a weak economy. Widespread gambling gambles with our national security by dragging down our national economic security,” Kindt, who is a professor of business and public policy at the University of Illinois, writes.  He goes on to say that the influence of gambling extends far beyond the bank accounts of those who actually lose money in casinos, to the overall state of the national economy.
The three books are the first academic collection to look on how gambling affects the United States on a large scale, reports Softpedia. Some economists theorise that, if no casinos or other gambling establishments existed in the USA, then every dollar earned and spent would, in turn, generate three times its value, by supplying demand and thus forcing an increase in production. Such an increase would mean that more and more people would be needed in factories and that employment rates would increase in a short amount of time.
However, they claim that gambling ensures that this doesn't happen, by channeling the money that would have otherwise been spent on consumer products and services into private bank accounts. Under these circumstances, people who lose their money cannot invest in purchases, which means that the overall demand decreases. Faced with less and less orders, factory managers are forced to lay off some of their employees, in order to minimise costs to avoid bankruptcy. This, in turn, fuels the economic decline, and, ultimately, impacts the military's capability.
Kindt concludes: “The social costs of gambling are high, but the overriding strategic issue has always been the military and national security implications of economies that get weaker and weaker because of gambling.
"We're seeing all kinds of really outrageous examples of people averse to our interests who are using gambling to their advantage and our detriment, such as laundering money through casinos around the world. Gambling actually destabilizes and corrupts governmental and financial systems, and legalized gambling poses significant threats to the national security of the United States and its allies,” Kindt concludes.

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Gambling News :

Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

Coral Launches player proposition betting product - Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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