This review article is among the first to examine the new junket regulations in the Macau gaming industry. Particular emphasis is on the legal and regulatory framework governing the junket activity of gaming promoters and their associates. The recent changes to Macau gaming laws have resulted in stronger licensing requirements for local junket participants and precipitated the collapse of the VIP room system in casinos. Furthermore, this article highlights the policy and managerial implications of the current junket environment for the gaming industry in Macau and possibly other regional gaming jurisdictions. The effects of the new legal environment for Macau junkets could also provide insights into the implementation of similar legislation in other jurisdictions.
Research article
Restricted accessResearch articleFirst published October, 2023pp. 375-395
This article sheds light on the alarming issue of loot boxes in video games and their potential harm to children. Although gambling addictions are commonly associated with adults, the rise of loot boxes has introduced a concerning loophole that exposes young players to gambling-like experiences. Loot boxes are virtual containers purchased within games, offering randomized rewards ranging from character customization options to powerful in-game items. Studies consistently demonstrate that loot boxes condition players to seek the excitement associated with gambling, making their prevalence in children's video games a significant concern.
Despite bipartisan support, legislative efforts to regulate loot boxes, such as the Protecting Children from Abusive Games Act (S. 1629), have faced opposition and failed to become law. This article emphasizes the addictive nature of loot boxes and advocates for the expansion of S. 1629 to protect children from predatory gaming practices. It discusses the lucrative nature of loot boxes, projected to generate over $20 billion in revenue by 2025, with an estimated 5% of gamers engaging in loot box purchases.
Furthermore, the COVID-19 pandemic, which has led to increased screen time for children, presents a unique opportunity for Congress to reevaluate the regulation of loot boxes. In light of the concerns raised regarding problem gambling, excessive gaming, and the impact of the pandemic, this article proposes an informed solution by revisiting S. 1629 and expanding its scope. It calls for increased awareness, industry accountability, and effective regulations to safeguard children from the detrimental effects of loot boxes. The urgent need for action is underscored by the significant revenue generated by loot boxes and the growing prevalence of their use among young players.
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Restricted accessResearch articleFirst published October, 2023pp. 396-417
The 12-month period that started July 1, 2022, and ended June 30, 2023, was a historic one for all the wrong reasons for the sports wagering public. Nearly every state with legal commercial wagering saw notable year-over-year gains versus the previous 12-month period from July 2021–June 2022, even among those who saw declines in handle.
Research article
Restricted accessResearch articleFirst published October, 2023pp. 424-428