Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 60 , 05 January 2024


Open Access | Article

An Overview of Casino and Gambling

Sihan Qin * 1
1 Columbia International College

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 60, 149-153
Published 05 January 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Sihan Qin. An Overview of Casino and Gambling. AEMPS (2024) Vol. 60: 149-153. DOI: 10.54254/2754-1169/60/20231199.

Abstract

A significant number of individuals engage in the gaming sector due to its association with financial prosperity. The gambling sector has experienced significant growth, leading to a heightened interest among the general public in its wealth and prosperity. Casinos that generate annual revenues in the billions have demonstrated remarkable resilience in the face of economic downturns. This research paper aims to investigate a relatively obscure domain within the gaming industry. It will employ a combination of scholarly theoretical analysis and empirical research to examine various aspects, including game categorization, the mechanics of gaming machines, effective marketing strategies employed by casinos, and the interplay between perceptions of gambling, psychological profiles, and behavioral patterns. The paper additionally investigates the efficacy of doubling and continuous betting techniques and provides recommendations pertaining to the marketing, management, and regulation of the gaming business.

Keywords

gambling industry, psychological profiles, Casinos

References

1. Shou-Tsung Wu, Yeong-Shyang Chen. (2014). The social, economic, and environmental impacts of casino gambling on the residents of Macau and Singapore. Tourism Management. 2015, Volume 48, 285-298.https://doi.org/10.1016/j.tourman.11.013.

2. Po Oei, T., Lin, J., & Raylu, N. (2008). The Relationship Between Gambling Cognitions, Psychological States, and Gambling: A Cross-Cultural Study of Chinese and Caucasians in Australia. Journal of Cross-Cultural Psychology, 39(2), 147–161. https://doi.org/10.1177/0022022107312587

3. Namrata Raylu, Tian Po Oei. (2004). Role of culture in gambling and problem gambling, Clinical Psychology Review,Volume 23, Issue 8, Pages 1087-1114. https://doi.org/10.1016/j.cpr.2003.09.005

4. Rachlin H, Safin V, Arfer KB, Yen M. The attraction of gambling. J Exp Anal Behav. 2015 Jan;103(1):260-6. doi: 10.1002/jeab.113. Epub 2014 Nov 12. PMID: 25389046.

5. Turner, N.E. (1998). Doubling vs. Constant Bets as Strategies for Gambling. J Gambl Stud. 14, 413–429. https://doi.org/10.1023/A:1023029211215

6. Nicholas C. Barberis. (2012). A Model of Casino Gambling. Management Science, Vol. 58, No. 1, January 2012, pp. 35–51. http://dx.doi.org/10.1287/mnsc.1110.1435

7. Mark Griffiths Adrian Parke Richard Wood Jonathan Parke. (2006). Internet Gambling: An Overview of Psychosocial Impacts. ResearchGate.

8. Edwards, W. (1953). Probability-Preferences in Gambling. The American Journal of Psychology, 66(3), 349–364. https://doi.org/10.2307/1418231

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:

1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.

2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.

3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).

Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-211-4
ISBN (Online)
978-1-83558-212-1
Published Date
05 January 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/60/20231199
Copyright
05 January 2024
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated