How to Stop Online Gambling Addiction
The gambling business has always been a big business with high turnover of millions of money involved. In the united kingdom, the annual turnover 실시간바카라사이트, or the amount wagered, on gambling activities is estimated to be in the region of 42 billion. Base on research, in 1998, the expenditure was around 7. 3 billion.
At present, online gambling addiction has become a very common problem for many people of different ages. The presence of over 1700 gambling websites on the internet, through interactive television and mobile phones, have caused a significant increase in online gambling addictions. In other words, the convenience of gambling at home and the ease of setting up a gambling account, have given online gambling an extremely seductive and attractive nature.
Online Gambling addiction is widely common in the world today. Many has tried but failed in quitting the addiction. It has been made so easy to access into the Internet today that convenience has made quitting extremely difficult for gamblers. Self help books aren’t great quitting tools as well because they take a one-size-fits-all approach and words on a page aren’t taking you anywhere. One of the effective approaches is by prohibiting the ease of access to gambling online. It can be done by installing an effective web filter, so that you can block out betting websites from your computer. Apart from this method, there is a new method through audio programs. This allows user to quit gambling progressively and it has been proven effective through tests.
One of the effective approaches is by prohibiting the ease of access to gambling online. It can be done by installing an effective web filter, so that you can block out betting websites from your computer. Apart from this method, there is a new method through audio programs. This allows user to quit gambling progressively and it has been proven effective through testsThere is a new law waiting to be signed by President Bush which was presented to Congress that is holding the $12 billion online gambling industry by a thread. It appears that Tennessee Senator Bill Frist, introduced the bill on Saturday by joining it to the Safe Port Act before Congress took its election recess in November.
The Unlawful Internet Gambling Enforcement Act that is expected to be signed by President Bush, will practically finish off all online gambling sites by making it illegal for any bank, credit card company or online payment system to process any payments being made to online gambling companies.
Surprised at the passing of this new debilitating law, the leaders in the online gambling industry took drastic measures and started to trade off stock on the London Stock exchange which erased $8 billion from the industry. PartyGaming, the world’s biggest online gambling site said that they would cease their ties with the 920, 000 active US customers they currently have only when Bush actually signs the new act.
Although the new law hasn’t yet been signed, the industry is already being drastically affected. PartyGaming’s stocks alone have dropped 60% ending up at a measly. 81 cents a share. Other sites like SportingBet and 888 Holding were also affected by the change and have since lost a lot of money on their shares. 888 Holding, for example, had a 48% decrease on their shares dropping them down to $1. 42 on the British Market and announced that it was going to no longer continue its online gambling business in the united states.
This isn’t the first Act, however, that has given the federal government power to break down the online gambling industry. Under the 1961 Wire Act, the federal government has the right to brake down online betting in sports, poker and other casino games that are considered to be illegal under the law.
This is seriously debilitating the industries economy because the US consumer market is responsible for 50-60% of the online gambling revenue. These critical laws against the online gambling site owners are forcing companies to shut down or move out but what’s clear is that they are no longer welcome in the united states.
The Madam Chairman of the Interactive Gaming Council, Sue Schneider, has predicted that over 500 companies running around 2, 300 online gambling sites around the world will be facing extinction and will most likely be wiped out of the industry all together. The small number of companies that manage to live through this incredible crisis will have to live with a huge cut back on their revenue and figure out new ways of growing again. The idea of opening up in the Asian market has become a favored idea for manyThe online gambling industry is the most profitable industry on the internet. Millions of people around the world are wagering on sports online, playing online poker, bingo and even the lottery online at any of the thousands of gambling sites available on the net. Even people who have never visited a land based casino or a local bookie are finding themselves visiting online casinos and poker rooms on a regular basis.
So, what makes gambling on the internet so appealing? Yes, you can play any game of your choice without having to leave your favorite chair. Still, you will not be served free drinks; you will not be able to watch the game you have wagered on from big TV screens; you can neither see the facial expressions of your poker opponents nor to hear the sounds of the coins fall from the slot machine when you hit the big jackpot.