Physical Sciences and Mathematics Commons^™

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 3-2-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 3-1-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-E: Segmenting Slot Machine Players: A Factor-Cluster Analysis, Stowe Shoemaker, Dina Marie Zemke

International Conference on Gambling & Risk Taking

Overall objectives of the study:

Understand the following aspects of slot players:

– Demographic profile

– Motivations to play

– Behavioral characteristics while playing

– Factors important in choosing a game to play

– Attitudes toward progressives

– Desire for themed games

Session 3-1-C: Gambling Behaviors Among American College Student-Athletes: Results From The 2012 National Collegiate Athletic Association Study, Tom Paskus, Jeffrey L. Derevensky, Caroline Temcheff

International Conference on Gambling & Risk Taking

Why Is the NCAA Concerned about Student-Athlete Gambling?

Student-athlete well-being

Contest integrity

Session 3-1-E: Anatomy Of A Jackpot: Characteristics Of Purchasers Of Large Jackpot Lottery Tickets, Todd Maki, Don Feeney

International Conference on Gambling & Risk Taking

Jackpot “Run” & Survey Design

Record breaking Powerball jackpot

Started at $40 million on Oct 6, 2012

Rolled 15 times to reach $550 million Nov 28, 2012

MN Sold $25.2 million worth of tickets

Sales from all lotteries totaled $1.3 billion

Internet Survey

1,000 Minnesota adults

In the field Dec 14 to 18

Took, on average, about 10 minutes to complete

Representative of the general population (age and gender)

Conducted by Ipsos

Session 2-4-G: Gambling Segmentation Studies A General Approach To Segmentation For Various Gambling Agencies, Paul Lauzon, Don Feeney

International Conference on Gambling & Risk Taking

What is Segmentation?

A segmentation groups a market or population into meaningful subgroups

Segment members share characteristics and market influences that cause them to have similar product and/or service needs

Each segment is unique from the other segments

Session 2-4-G: The Minnesota Gambling Survey At 20, Don Feeney, Todd Maki, Brian L. Malecha

International Conference on Gambling & Risk Taking

The Minnesota Gambling Survey

Begun in 1993

Telephone survey taken by St. Cloud State University

Sample size 2,000 to 2,400

Cell phone component added in 2010

Session 2-4-E: Financial Evaluation Commonalities And Distinctions Expressed By 10-Ks With Two Libertarian Hospitality Segments: Casino Gaming And Gentlemen’S Clubs, David J. Paster

International Conference on Gambling & Risk Taking

Premise

Libertarian hospitality ventures are significantly and fundamentally different than current common hospitality fields such as lodging and restaurants due to their distinct business model composition.

Session 2-4-F: The Trials And Tribulations Of Canadian Sports Gambling, Garry Smith

International Conference on Gambling & Risk Taking

Preview

Historical context

Illegal sports gambling

Sports lotteries

The push for legal single event sports betting

Pros and Cons

Session 2-4-C: Addressing The Related Epidemics Of Financial/Mathematical Illiteracy And Adolescent Problem Gambling, William S. Mallios, R. R. Mallios

International Conference on Gambling & Risk Taking

Information and statistics addressing the epidemics of financial and mathematical illiteracy and adolescent problem gambling.

Session 2-4-B: The Boomerang Effect, Jonathan Galaviz

International Conference on Gambling & Risk Taking

Today's Talk:

1. Ideas, not politics

2. Strategic outlook

3. Macro Focused

Session 2-4-B: Las Vegas: The Houston Of The Gaming Industry?, Bo J. Bernhard

International Conference on Gambling & Risk Taking

Conclusions

Las Vegas is and must become an intellectual capital of the global gaming industry.

Internet gaming: new threats, new opportunities

Session 2-3-C: Sports Betting Of Adolescents In Croatia: From Favorable Environment To Psychosocial Consequences, Dora Dodig, Neven Ricijas Phd, Valentina Kranzelic, Aleksandra Huic

International Conference on Gambling & Risk Taking

Social context

Expansion of places registered for gambling, especially sports betting

Croatian Law on Games of Chance (2009.)

• Sports betting is illegal for minors (<18)
• Minimum 200 meters from schools

Session 2-3-C: How Do Teenagers’ Differentiate Computer Gaming From Gambling, Margaret Carran, Julia Hornle, Mark Griffiths

International Conference on Gambling & Risk Taking

Aims of the study

Part I – qualitative focus groups to find out:

• How some of London adolescents view gambling following the significant expansion of perceived opportunities to gamble in UK since 2007
• What they think gambling is and whether it differs from what law considers gambling to be
• What they think about the similarities and differences between computer games and monetary forms of gambling and in particular whether they recognise gambling types activities within computer games; and
• What they know about law relating to gambling and how, if at all, it influences their behaviour.
• To identify the main theme …

Session 2-3-A: Considerations For Implementing Self-Assessment In Online Gambling Platforms, Michelle Nogueira, Sylvie Smith, Chris Perlman, Suzanne Rath

International Conference on Gambling & Risk Taking

Research Goals

Review problem gambling self-assessment tools for use on an internet platform.

Explore how self-assessment tools may be promoted to increase uptake.

Session 2-3-G: The Consumption Screen For Problem Gambling (Cspg): Why A Penchant For Big Macs May Predict Appetites For Gambling, Matthew Rockloff, Matthew Browne Browne

International Conference on Gambling & Risk Taking

Evidence for a common underlying trait: “Consumptiveness”

Consumptiveness: “A persistent orientation towards acquiring and using resources in excess of a proper accounting of their costs and benefits - resulting in harm.”

simple behaviors that result in immediate, sensation-oriented rewards

• alcohol, caffeine, smoking, illicit drugs, energy-rich foods (including salt)
• Gambling

Session 2-3-C: Adolescent Slot Machines Players: Experiences, Motivation And Cognitive Distortions, Neven Ricijas Phd, Dora Dodig, Valentina Kranzelic, Aleksandra Huic

International Conference on Gambling & Risk Taking

Aims of this research

1. to explore how often high-schools students play slot machines

2. to explore how often adolescent slot machine players play other games of chance

3. to explore their main motivation and beliefs related with gambling

4. to explore their gambling experiences and behavioral patterns

Session 2-3-F: Gaming Applications Of A Forgotten Distribution, Rohan J. Dalpatadu, Ashok K. Singh

International Conference on Gambling & Risk Taking

Introduction

The bonus game has become a very important part of the slot machine, as indicated by a large number of patent applications and patents (Bennett, 2000; Slomiany and Grupp, 2000; Vancurra, 2000; Baerlocher et al, 2002; Jaffe et al, 2002; Cannon and Donovan, 2003; Dickerson, 2005). Therefore, probability distributions suitable for developing games are very much in need. In this study, we illustrate how a forgotten discrete probability distribution, viz. the negative hypergeometric distribution, can be used to develop bonus games for slot machines, and also to analyze existing bonus games. The mean and the variance for this distribution …

Session 2-2-E: Slots Are To Las Vegas As Baccarat Is To Macau: A Game Analysis, Arthur Sai-Wai Wong

International Conference on Gambling & Risk Taking

Money is reeling in the casinos in Las Vegas, while chips are rolling in the casinos in Macau. These two different phrases exactly symbolize the ways how these two different gaming jurisdictions make their prosperity.

There are several reels in the slot machines and as they are spun thousands and millions of times…money reels in, it creates the profit for the casinos in Las Vegas.

Baccarat players wager dead chips in the VIP rooms rolling thousands and millions of times…money rolls in, it creates the profit for the casinos in Macau.

Session 2-2-A: Effectiveness Of Brief Interventions For Problem Gambling: A Randomized Controlled Trial, Max Abbott

International Conference on Gambling & Risk Taking

Introduction

Problem gambling a significant public health and social issue

Significant investment in publicly funded intervention services (Helpline, face-to-face counselling)

No formal evaluation of effectiveness, in general or with specific groups

Session 2-2-F: Combining Forecasts To Predict The Outcome Of Horseraces, Stefan Lessmann, Ming-Chien Sung, Johnnie E.V. Johnson, Tiejun Ma, Chung-Ching Tai

International Conference on Gambling & Risk Taking

A variety of methods are often employed to forecast the outcome of sports events and to shed light upon the factors that influence contestants’ winning prospects. We explore the potential of combining forecasts to improve the accuracy of sports event prediction. Successful combination usually involves accurate and diverse individual predictions. Further, to accurately predict the outcome of sports events it is important to effectively account for the intensity of rivalry among contestants. Consequently, we develop modeling procedures and practices for addressing these challenges: First, in order to construct a large and diverse library of base models, we employ a range …

Session 2-2-E: The Growth Trends In Macau’S Gambling Industy: A Scenario Analysis, Zhonglu Zeng

International Conference on Gambling & Risk Taking

Macau’s Gambling Industry: A Brief Review

Macau’s gambling industry has experienced tremendous growth in the past 27 years. In 1985, the gambling revenue was only US$0.23 billion; in 2012, the figure reached US$38 billion. The compound annual growth rate is 22%.

Session 2-2-F: Guides To Beating The Spreads In Mlb, Nba And Nfl Games, William S. Mallios, R. R. Mallios

International Conference on Gambling & Risk Taking

This guide provides information and statistics for sports' gambling.

Mid-Morning Break And Poster Sessions: Comorbidity Among Pathological Gamblers Seeking Treatment, Daniela Gonzalez-Sicilia, Louise Nadeau

International Conference on Gambling & Risk Taking

Context of the study

Pathological gambling prevalence in the general population: United States 0.42% (Petry et al., 2005), Canada 0.5% (Rush et al., 2008), Quebec 0.7% (Kairouz et al., 2011)

Epidemiological surveys (i.e. NESARC) indicate that pathological gambling is usually accompanied by other comorbid disorders, such as: Alcohol and drug abuse (prevalence of 25 and 27%, respectively), alcohol and drug dependence (48 and 11%), mood disorders (50%), anxiety disorders (41%), personality disorders (61%). (Petry et al., 2005)

The comorbidity found in clinical samples is usually higher than that in the general population because it is more likely for a person …

Mid-Morning Break And Poster Sessions: Survey Of Internet User’S Intentions About Gambling On A Legal Online Site, Emilie Vezina, Serge Sevigny, Christian Jacques, Isabelle Beaudoin, Isabelle Giroux

International Conference on Gambling & Risk Taking

While many governments are considering the option of legalizing online gambling, mental health professionals and public health advocates worry that it will increase the number of problem gamblers. Results of the survey show that 3% of the sample, composed of 1009 Internet users, intended to gamble real money on the new online legal site, 6% would gamble without money, and 5% would visit the new site without gambling. Nearly 45% of those who intended to visit the legal gambling site were Internet non-gamblers in the last year. Half of online gamblers intended to gamble on the new legal site. Also, …

Mid-Morning Break And Poster Sessions: A Comparative Analysis Of Design And Motivation In Slot Machines And Video Games, Daniel Sahl

International Conference on Gambling & Risk Taking

Introduction

The slot machines of today reflect an impressive design feat: translating cold win/loss probability into an unpredictable, whimsical, and engaging experience. A successful spin offers more than a quick payout, it’s an opportunity to experience hidden secrets within the machine: creative bonus games, rich animation and movie clips, even the chance to play simultaneously with other players on linked machines. Many of these characteristics are similar to design and gameplay elements of video games. Separate research into both slots and video games often reflect similar questions about design, motivation for play and addiction. This poster presents a visual and …

Mid-Morning Break And Poster Sessions: Family Gambling And Its Connection To Intergenerational Family Relationship Building, Melissa M. Sleightholm, Joan E. Norris, Joseph Tindale

International Conference on Gambling & Risk Taking

Introduction

Most research has viewed gambling as an individual activity and very little research has been devoted to the impacts of family gambling.

Bengtson and Roberts (1991) viewed intergenerational family solidarity as a comprehensive construct consisting of six components of solidarity. Affectual, Associational, and Functional solidarities, can be adapted to a gambling context.

The three family solidarity dimensions of affection, association, and function are the core components to family solidarity (Hogerbrugge & Komter, 2012).

Session 2-1-E: Betting Market Efficiency Implications Of Different Structures: Bookmakers Vs. Exchanges, David Mcdonald, Ming-Chien Sung, Johnnie Johnson Professor, John Peirson

International Conference on Gambling & Risk Taking

Outline

(i) Quick definition of market efficiency

(ii) Theoretical models lead to general predictions…

(iii) ...which lead to specific predictions about betting markets

(iv) Results of testing the predictions using real betting market data

(v) Implications and conclusion