The spinning wheel game ‘EO’ became popular after statutes banned gambling with devices featuring ‘numbers or figures.’
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Early writers on probability had explained how the ‘house advantage’ didn’t need to be large for a gambling enterprise to profit enormously. But gamblers and gambling operators were slow to catch on.
Around 6% of college students have a gambling problem.
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The rise of sports betting has made gambling addiction a bigger issue on college campuses, but there are steps universities can take to address it.
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If implemented, the recommendations of Australia’s online gambling inquiry will advance regulation by several orders of magnitude.
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The NSW Crime Commission says cashless gambling cards are needed to stop billions of dollars of ‘dirty money’ being funnelled through NSW pokie venues,
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State and territory governments dependent on gambling revenues seem loathe to shut down casinos despite criminal activity.
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Fixing the culture of individual casino operators is one thing. Fixing the political culture that allowed them to run amok is another.
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Australian governments appear to implicitly accept that illegality comes with the territory of legal casinos.
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Monte Carlo simulations can predict different potential outcomes because they provide for the presence of random variables or elements.
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Crown Resorts has plumbed astonishing ethical and moral depths in pursuit of profits. Private equity giant Blackstone is also chasing a profit – from redeeming Crown’s reputation.
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Whether the Victorian royal commission leads to a more responsible gambling industry depends on the recommendations the state government has kicked down the road.
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Crown Resorts’ contribution to Victoria is at the core of its attempts to keep its casino licence. But the costs of it keeping the casino may well be greater
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Helen Coonan’s evidence to the Victorian Royal Commission into Crown Melbourne shows how entrenched the gaming company’s cutlural problems are.
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Evidence to the Victorian Royal Commission into Crown’s Melbourne casino shows the emptiness of ‘responsible gambling’ strategies.
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James Packer’s Barangaroo tower has not just changed Sydney’s skyline. It has changed the whole planning system.
Donald Trump honouring veterans of the Native American code talkers at the White House, November 2017.
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Navajo voters helped Joe Biden ‘flip’ Arizona for the Democrats.
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Crown Resorts has been told to delay opening its Barangaroo casino until NSW regulators decide if it is fit to hold the casino licence.
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Cosy personal relationships among the corporate elite abound. So what makes an independent director actually independent?
A demolished miniature golf course in Biloxi, Miss., in the wake of Hurricane Katrina, Sept. 15, 2005.
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After the news media move on from a major disaster site, rebuilding continues for years.
Vancouver has become a money-laundering haven. Can a public inquiry find solutions?
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A public inquiry into money laundering underway in British Columbia holds out hope for reform, but the problems run deep.
The odds of more legal betting are good.
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About 47 million adults in the US are expected to gamble on March Madness this year. A growing share of the bets will actually be legal.