World News

Understanding Gambling Addiction Gambling addiction, also known as compulsive gambling, is a mental health disorder characterized by an uncontrollable urge to gamble despite harmful consequences. It’s considered an impulse-control disorder. Individuals with gambling addiction often chase losses, hide their behavior, and face significant personal and professional issues due to their gambling activities. Symptoms of Gambling […]

Overview Of Global Gambling Regulations Countries regulate gambling with policies that either permit, restrict, or outlaw the activity based on economic impact and social considerations. United States In the United States, gambling laws vary across states. Nevada permits most forms of gambling, contributing significantly to its economy. In contrast, Utah bans all forms of gambling

Overview of Casino Economics Casinos generate significant economic activity. They contribute to the local economy by attracting tourists, creating jobs, and generating tax revenue. For example, in the United States, casinos added $261 billion to the economy in 2017. Hotels, restaurants, and entertainment venues around casinos often see increased business. Tourism is a primary benefit

Las Vegas: The Classic Choice Las Vegas remains a top destination for gamblers. The city constantly evolves, introducing new attractions and developments. Recent Developments Las Vegas has seen several recent developments. Resorts World Las Vegas opened in June 2021, offering 3,506 rooms and a 117,000-square-foot casino. Additionally, the city has embraced cashless gaming technology, allowing

Overview of Recent Mergers and Acquisitions Recent months have seen notable mergers and acquisitions in the gambling industry, significantly shaping its landscape. MGM Resorts and Entain In January 2023 MGM Resorts acquired British betting giant Entain for $11 billion. This move doubled MGM’s market share in sports betting, particularly expanding their BetMGM platform. This acquisition

Overview of Global Gambling Markets Global gambling markets encompass various regions with diverse gambling practices. Asia-Pacific, Europe, and North America dominate the sector, generating substantial revenue. In 2021, the global gambling market reached $464.23 billion, demonstrating significant growth despite regulatory challenges. Asia-Pacific holds a significant share, with countries like China and Japan leading the charge.