Exploring New Opportunities: Free Spins No Deposit from the Best Online Casinos
Online casinos have been on the rise during the past couple of years. That’s normal, as online casinos offer much more flexibility. It’s no longer necessary to visit a retail [...]
The Ethics of iGaming: Balancing Profit and
ResponsibleGaming iGamingisthecollectivenamethattheonlinegamblingindustryusesfortheirwiderangeof gamblingproductsandservices.Thisincludesallyourclassiccasinogames,bettingon sportsandotherevents,aswellassportstrading. Thisindustryhasseenunprecedentedgrowth,inthelastfiveyearsthetotalglobalrevenue hasdoubledfromaround50billionto100billioneuros.ThisistheGrossGamblingRevenue (GGR),whichisthedifferencebetweenthewageredamountandthepaidoutprizes.With anaveragepayoutofalmost95%,thisrepresentsatotalwageredamountof2,000billion euros. Witharevenueof40billioneuros,Europeisthebiggestonlinegamblingmarketinthe world.Oneofthedrivingforcesbehindthisisthatonlinegamblinghasbeenregulatedin almostallEuropeancountries.Aregulatedmarketensuresthatconsumershavealegal, safeandfairwaytogamble.Notonlydidthismakegamblingmoreaccessibleandattractive, ingeneralitalsomeantthatoperatorswereallowedtoadvertise. Thebattleforthecustomer Thereasoningbehindallowinggamblingadsisthatconsumersshouldbemadeawareof, andchannelledtowardsthenewlegaloptionswheretheirsafetyandwellbeingwouldbe ensured.Wellbeinginthiscontextmeansthatvulnerablegroupsofpeople,especiallyminors andyoungadults,mustbeprotectedagainsttherisksthatgamblinghas. However,thisiswherethefirstethicaldilemmasappear.Howaggressivecanorshouldyour marketingcampaignbewhenenteringanewandhighlycompetitivemarket,whilststill respectingtheobligationtoprotectthosevulnerablegroups? Oneofthemostrecentexamplesofhowonlinegamblingoperatorshavedealtwiththis responsibility,wasthelonganticipatedregulationoftheDutchgamblingmarket.Although somerelativelystrictruleswereimposedinordertoprotectyoungadultspeopleunder24 yearscannotbegivenanybonusesorpromotions,theruleswithregardstoadvertisingwere notasstrict. Althoughrestrictionswithregardstothetimesatwhichcommercialsforbettingand gamblingarecommonworldwide,withthegovernmentfocussingonfacilitatingthesocalled ‘channellingtowardlegaloptions’,operatorsweretrustedtoselfregulateandtaketheir [...]
