Business Commons^™

Session 3-4-B: Evaluating The Performance Of Macao’S Gaming Industry, Day-Yang Liu

International Conference on Gambling & Risk Taking

The purpose of research

The stringently competitive nature of the casino entertainment market in the Macao necessitates that managers fully utilize knowledge expertise to increase efficiency in operations management.

Therefore, this study employs data envelopment analysis (DEA) model to estimate the efficiency and productivity of the casino entertainment industry in Macao.

Session 3-3-C: The National Longitudinal Study Of Gambling Behaviour (Nlsgb): Preliminary Results, Andrew Dellis, Andre Hofmeyr, Harold Kincaid, Don Ross

International Conference on Gambling & Risk Taking

Introduction

The NLSGB tracked 300 gamblers over a 15-month period.

A comprehensive survey instrument was compiled to analyse factors that might influence changes in risk of gambling problems over time.

The study was conducted in the four major metropolitan areas of South Africa: Johannesburg, Tshwane, Durban and Cape Town. We will discuss the study’s design and implementation and some preliminary results.

Session 3-3-A: An Improved Pathways Development Model Of Problem Gambling: A Summary Of 11 Studies In Hong Kong And Macau, Amy Chiu Sau Lam, Alice Chan Ying Ying, Chi Chuen Chan

International Conference on Gambling & Risk Taking

Introduction

The rationale of this study came from a casual meeting of our supervisor Dr. Chan Chi Chuen and Professor Blaszczynski on a bus after the 2009 Reno conference.

On the bus, C. C. promised Mr. Blaszczynski that he would validate the pathways model in Hong Kong and Macau. And in the next 5 years, Dr. C.C. Chan and his students conducted 11 research projects on problem gambling in Hong Kong and Macau.

Purposes of current study

• To arrive on a summary finding from 11 studies on problem gambling
• To validate the pathways development model proposed by Blaszczynski & Nower …

Session 3-3-B: Recent Eu Gambling Regulatory Developments: A Case Of Many Court Cases With Institutions Courting Inconclusiveness?, Alan Littler

International Conference on Gambling & Risk Taking

Introduction

United Kingdom; shifting towards point of consumption regulation

Member States; competence to regulate is not boundless

Other European institutions; a different discourse?

Session 3-3-E: The Appreciable Benefit Of Recognizing A Gaming Hospitality Business Educated Work Force, David Paster

International Conference on Gambling & Risk Taking

The Opportunity for “Easy Money” Working in Gaming?

“Miss R., You’re pretty…Why don’t you become a cocktail waitress at a casino? You would make more money than teaching.”

– A ten year-old girl in Henderson, NV; a student quote as relayed during conversation in 1999 by Miss Laura R., a 4th grade teacher.

With a freshly minted master’s degree in education and six years classroom experience, Miss Laura R. was pulling in $33,000 gross annually. A contemporary cocktail waitress at a mid-range to premium property was pulling in 2x to 3x her salary

Session 3-3-A: The ‘Circles Concept’ Of Gambling Addiction: An Empowered Framework For Change, Harry B. Mayr

International Conference on Gambling & Risk Taking

The original ‘Circles Concept of (Gambling) Addiction’ was developed by Harry Mayr in 1982, while working as an addictions counsellor in a community-based health centre. It has always been a ‘user friendly’ concept … applicable and understood by people from all cultures, across all ages, and with or without an addiction issue. Years later, people have informed Mr Mayr how they still remember ‘those circles’, and how the concept helped them.

The ‘Circles Concept of (Gambling) Addiction’ is therefore a concept remembered as much for its visual cues as its verbal explanation – and thus applicable across languages, cognitive and …

Session 3-3-F: Measuring The Price Of Discrimination With Data On Poker Games, Ingo Fiedler

International Conference on Gambling & Risk Taking

Introduction

Economic theory suggests that discrimination is price sensitive and money an equalizer

This means that discrimination decreases the higher the private costs for the discriminator

Economic reasoning: Discrimination comes at a price for the discriminator

• Example: an employer discriminates against potential employees with a non-white skin tone and thus may miss the best employees who then work for a competitor.
• Imperfect competition leads to rents and rents can be used to discriminate and they can be discrimination in itself. [Jomo, 2003].
• Competition reduces discrimination

Session 3-3-B: The Interplay Between Law, Development And Spillover Effects Of Casino Gaming: Theory And The Asian Evidences, Ricardo Chi Sen Siu

International Conference on Gambling & Risk Taking

Taking into consideration of the unique features and practice of casino gaming, the significance of law in the development of this industry, and the onging interactions between law, the industry’s succeeding performance and its spillover effects are generalized and illustrated in this paper. Based on the rationales of law and economics, and the institutional approach to economic analysis, a functional model is constructed to depict the related interplaying forces and the development of casino gaming. In principle, it is shown that business scope and scale of casino gaming is largely defined by law on one hand, and the revisions of …

Session 3-3-E: Macau Dealers Training, Peter Tcheong

International Conference on Gambling & Risk Taking

The liberation of gaming licenses has brought massive changes to Macau since 2002. The number of gaming tables jumped from 344 in 2002 to 5,485 In 2012 and this has created huge demands for dealers. The Macau Government wanted to play an active role in the training of dealers, rather than leaving it to the market. The Macau government established the Macau Tourism and Casino career Centre in 2003 jointly managed by the Macau Polytechnic Institute and Institute for Tourism Studies. After some structural changes, the Centre started to train dealers for the booming gambling industry. In 2009 Centre, under …

Session 3-3-D: Interactive Gambling In Australia, Sally Gainsbury, Nerilee Hing, Alex Russell, Alex Blaszczynski, Dan Lubman, Robert Wood

International Conference on Gambling & Risk Taking

Describes interactive gambling and gives its advantages and disadvantages.

Session 3-2-F: Baccarat Solved?, David Sofer

International Conference on Gambling & Risk Taking

Provides information and statistics on Baccarat.

Session 3-2-B: What Changing Public Policies Toward Gambling Mean For Gaming Law, I. Nelson Rose

International Conference on Gambling & Risk Taking

The Three Waves Of Legal Gambling

First Wave - Colonial period to mid-19th century: Legal Debris: “Lotteries” prohibited in state constitutions and Canada (except Quebec)

Second Wave - Wild West; South after the Civil War , new inventions. Crash - Victorian morality Legal Debris: Statutes prohibit bookmaking, slot machines; U.S. federal and Quebec anti-lottery laws

Third Wave - Depression to present: Legal Debris: Piecemeal legalization by states, provinces

Session 3-2-D: Managing A Research Collaborative: Challenges And Outcomes, Joachim Haeusler

International Conference on Gambling & Risk Taking

Collaborative with the Division on Addiction

The collaborative set off in 2005 and since then produced 18 peer reviewed publications, leading to a paradigm shift in online gambling research and which allowed us to establish an evidence-based consumer protection concept.

Goals:

• Creating a scientific evidence base about actual online gambling behavior, relying on behavioral data
• Continuously evaluating games and player protection measures and designing a consumer protection concept based on this evidence
• Creating an early-detection model for the identification of customers at-risk of developing problems

Transparency:

• Full access to de-identified gambling transaction data of large samples (up to 100,000 customers), …

Session 3-2-B: Paspa: An Unconstitutional Patent, Kevin P. Braig

International Conference on Gambling & Risk Taking

The Professional and Amateur Sports Protection Act (“PASPA”) is a patent monopoly because the statute (A) imitates the Crown’s practice of allocating markets by patent; (B) functions like a patent issued under the United States Patent Code; and (C) imposes monopoly-like costs upon the public. The Constitution’s Patent Clause is a brilliant public financing scheme and unique in that it is the only grant of power to Congress in the Constitution that begins with a specific prescription of proper legislative purpose. Congress cannot grant just any person a patent monopoly for any purpose. Rather, Congress can grant a patent monopoly …

Session 3-2-A: The Conceptual Framework Of Harmful Gambling, Max Abbott

International Conference on Gambling & Risk Taking

Project Overview

Purpose: develop a clear, comprehensive, internationally relevant conceptual framework of harmful gambling that addresses a broad set of factors related to population risk and resilience beyond the symptoms-based view that affects individuals

Previous models inform the work

As the project sponsor, OPGRC is collaborating with an expert panel to facilitate the development of a conceptual framework of harmful gambling that captures the broad set of factors related to harmful gambling

The framework is outlined in a publication, jointly authored by the expert panel members, and presented at the OPGRC website

Session 3-2-F: A Game-Theoretic Analysis Of Baccara Chemin De Fer, Stewart N. Ethier, Carlos Gamez

International Conference on Gambling & Risk Taking

Baccara chemin de fer — review of main contributions

Baccara was first mentioned in print by Van Tenac in 1847.

It was analyzed by Dormoy in 1872 and Bertrand in 1889.

Borel called Bertrand’s study “extremely incomplete,” but it motivated Borel to develop game theory in the 1920s.

Von Neumann planned to study baccara after proving the minimax theorem in 1928, but he didn’t.

The first game-theoretic solution was by Kemeny and Snell in 1957.

In 1964, Foster gave a solution based on a new algorithm, unaware of the Kemeny–Snell solution.

A solution under more realistic assumptions was found by …

Session 3-2-D: Predicting Gambling-Related Problems Among Internet Gamblers, Sarah E. Nelson

International Conference on Gambling & Risk Taking

The Goal

Use actual gambling behavior to identify, with good reliability and validity, distinct groups of gamblers among those who have gambling-related problems

Utilize this/these algorithm(s) to set up an early warning system for players at risk of developing problems

Session 3-2-C: Mentor - The New Online Prevention Tool In Use And Its Preliminary Results, Doris Malischnig

International Conference on Gambling & Risk Taking

• Responsible Gaming (RG) Standards Casinos Austria / Austrian Lotteries
• MENTOR: Behavioral Feedback System
• Outlook

Session 3-1-E: Modeling Change In The Profile Of The Atlantic City Visitor, Brian J. Tyrrell, Israel Posner Ph.D.

International Conference on Gambling & Risk Taking

The Atlantic City casino market has faced increasing competition over the past decade, particularly since the introduction of Pennsylvania gaming in 2006. In response to this increased competition, the State of New Jersey, through legislation, created a public private partnership to both redevelop parts of the city and devote significant marketing dollars into shaping the image of the city. The private side of that partnership, the Atlantic City Alliance (ACA), found in their earliest consumer research that Atlantic City’s image as a gaming destination was well established, but that the city was less known for the retail, entertainment and restaurants …

Session 3-1-B: Online Gambling And Money Laundering, Ingo Fiedler

International Conference on Gambling & Risk Taking

Introduction

Money laundering is the process by which criminals attempt to conceal or disguise the nature, location, source, ownership or control of their ill-gotten gains, so as to make it possible to invest or consume the proceeds of crime (Masciandaro1999)

Money laundering (Unger, 2007):

• distorts prices, consumption, saving and investment rates;
• increases the volatility of import/export levels, the demand for money, interest and exchange rates, as well as the availability of credit;
• threatens the solvability and liquidity, as well as the reputation and profitability of the financial sector;
• Endangers the continuance of foreign direct investment (FDI)
• Acts as a multiplier …