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SLOTS THE MOST ADDICTIVE, SAY RESEARCHERS

2/18/10 - CBC media reports from Canada that Ottawa researchers are using virtual reality to establish why slot machines are so addictive.
 
Matthew Young, a Carleton University professor who works at the university's gambling lab said: "You can lose a lot - it's so quick, the next roll, the next roll, next roll… and so continuous."
 
Melissa Stewart, another researcher in the lab, said gambling problems arise up to four times more quickly among people who play slots than among those who play other casino games. She did not discriminate between online and offline gamblers.
 
The Ottawa researchers' study involves volunteer subjects, who don virtual-reality visors and enter a virtual casino. They can walk past banks of slot machines and hear the clunk and chime of other people playing. And they can sit down and play themselves, spinning three reels of lemons, cherries and lucky sevens at the push of a button.
 
The spinning symbols are just for show - the machine knows whether you've won or lost the instant you pull the lever, say the researchers. Using the virtual machines, they can see how players react to outcomes such as a near miss, where the symbols almost line up, but not quite.
 
"The symbols on the reel are arranged such that near misses occur frequently," said Stewart. "You don't actually win but you feel like you are almost winning, so you keep playing."
 
The researchers are trying to find out why people start gambling and why many continue, even when they face negative consequences. Young said almost all gamblers are motivated by the thrill of winning, but those with gambling problems are more likely to use gambling as an escape.
 
"They crave the buzz or the excitement that comes from gambling, but they'll also crave the relief from depression," he asserted.
 
The use of casino cards, which allow electronic payment in lieu of cash, has boosted the rate at which people can lose money, Young said, because players can use the cards to make larger bets. If they win, they no longer have to wait for their coins to pour into a bucket before playing again as they once did, Young added.
 
Using their results, the researchers plan to develop strategies for making slot machines less addictive.

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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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