Economics of Gambling in Latvia

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Gaming in Latvia grew rapidly following independence in the early 1990s. Work on legislative acts for regulating lotteries as well as gambling organisation, supervision and control began in 1993. Since 1994, there has been strong state supervision established over gaming … Read More

Economics of Gambling in Italy

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The primary regulator for betting, lotteries, bingo and gaming machines in Italy is the Amministrazione Autonoma dei Monopoli di Stato – AAMS (Independent State Monopolies Administration), a department of the Ministry of Economics and Finance. Casinos and local smaller lotteries … Read More

Economics of Gambling in Ireland

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The Irish betting and gaming industry consists of horserace betting, greyhound race betting and a National Lottery. The Minister for Finance regulates the National Lottery under the National Lottery Act 1986; the Minister for Agriculture and Food regulates betting under … Read More

Economics of Gambling in Hungary – Lottery

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Betting and gaming in Hungary is under the authority of the Ministry of Finance and is supervised by the Hungarian Gambling Supervisory Authority. The state lottery, Szerencsejáték Zrt., was founded on 1 January 1991 as the successor to the Sports … Read More

Economics of Gambling in Greece – Lottery

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Greece has casinos, two national lotteries, and several types of gambling on football results as well as horse betting and 14,000 card-playing clubs. The major components of the Greek gambling market are betting, casinos and lotteries. Until relatively recently, much … Read More

Economics of Gambling in Germany – Lottery

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Each of the sixteen regional or lander governments has delegated power to set standards for casinos, lotteries and sports betting. Each lander is free to determine its own tax rate. The average gambling tax is nearly 80%, with some as … Read More

Economics of Gambling in France

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The French betting and gaming industry has a long and complex history. The main French horse race betting operator, Pari Mutuel Urbain (PMU), offers eleven different types of bets. There are more casinos in France than in any other single … Read More

Economics of Gambling in Finland

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Their are three primary gaming organizations in Finland, each which holds a monopoly over the provision of gambling services in their particular area. Besides the three state monopolies, not-for-profit organizations are permitted to run bingo operations. The National Lottery, Veikkaus, … Read More

Economics of Gambling in Estonia – Lotteries

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There are currently issued 18 permits for enterprises, which organize gambling-related activities in 163 locations in Estonia. There are also four permits for lottery organisers. Estonian Gambling Market 2003: Company >>> Number of employees >>> Turnover >>> Description Eesti Loto … Read More

Behavioral economics

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Behavioral economics is a field of economics that studies the behavior of human beings in economic situations. One of the main objectives of behavioral economics is particularly describe and explain why, in some situations, humans adopt a behavior that may … Read More

Economics of Gambling in Denmark

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Statutory regulation of the Danish gaming market dates back to the 18th century, cf. “Kongelig anordning af den 6. oktober 1753”, which prohibited games of chance. From that time until the present, the fundamental objectives of the regulatory restrictions have … Read More

Economics of Gambling in Czech Republic – Lotteries

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More than two thirds of the adult population of the Czech Republic (69%) participated in gaming and betting in 2004. The participants included all ages; however, the majority (60%) were between 30 and 59 years old. The share of players … Read More

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