While South Korea has taken a tough stance against online gambling, banning it completely in October of 2006, the majority of European governments have taken a complete opposite and continue to open up gambling laws online, which makes it a profitable market for gambling companies operating online.
Although Britain is home to one-fifth of the population of South Korea, it spends the same amount as Americans in gambling according to statistics published from the Global Betting and Gaming Consultants (GBGC). The majority of that South Korea spend is now being conducted on the internet. What is it that draws online gamblers? And any risks?
The basis for South Korea ban on online gambling is based on a report published in 1999 by the National Gambling Impact Study Commission in 1999. The main conclusion of this study was that the presence of a gambling establishment within 50 miles is roughly equivalent to the amount of problem as well as dangerous gamblers’. Evidently, with the increase of internet-based gambling, a “gambling facilities” are situated inside the home. The argument goes that it creates increased gambling opportunities, and the chance that more players are likely to become addicted gamblers. They are addicted to gambling and winning won’t diminish this compulsion. The more they win and the more they gamble, the more they will. And, even more importantly losing more money, the more they gamble to seek to recover their losses to the stage where their behavior becomes prohibitive, and they are way under financial.
However, despite the dire warnings of South Korea, the vast majority of gamblers in online gambling can regulate their betting and enjoy their games within their financial means. Most people think that online gambling is an enjoyable pastime where they can get some 메이저사이트 excitement and sometimes even winning. The fact that gambling games are played from the comfort of your home certainly adds to the appeal. Advanced software is now able to recreate the experience of a casino, with high-quality graphics and realistic sound puts the player right in the middle of the action even though they are on their computer. Because of the rapid growth of online gambling, the revenues are rising, allowing a portion of the money return to the players in more lucrative jackpots and prizes which attracts more gamblers.