scholarly journals Responsible Gambling Strategies for Internet Gambling: An Empirical Investigation into the Italian Gambling Market

2017 ◽  
Vol 12 (7) ◽  
pp. 17 ◽  
Author(s):  
Paolo Calvosa
Keyword(s):  
Empirical Investigation ◽  
Research Work ◽  
Responsible Gambling ◽  
Internet Gambling ◽  
Sports Betting ◽  
Second Phase ◽  
On Line ◽  
Gambling Operators ◽  
Gambling Market ◽  
The Impact

The aim of this study is to analyse, in the Italian sports betting sector, the impact of Internet gambling on the level of consumption of gambling products and the responsible gambling strategies adopted by the on line gambling operators. From the methodological viewpoint the research work has been organised into two phases. In the first phase, an empirical investigation has been carried out on a sample of Italian consumers directed towards measuring the impact that the use of the Internet has on the volume of bets made on sports events. In the second phase, an analytical work has been performed on the on line gambling websites of the main operators of the Italian sports betting market, directed towards examining the measures adopted for promoting responsible gambling. The results of the empirical research indicate, on the one hand, that in the Italian market, as has happened in other national gambling markets, the legalization of on line sports betting may determine an increase in the level of consumption of gambling products and, thus, in the potential risks of excessive gambling; and, on the other hand, that the normative approach adopted in the Italian gambling market, based on a ‘concession model’ which provides for a strong public control of the gambling operators, has favoured a widespread adoption by the on line betting companies of an articulated series of measures aimed towards harm minimisation in Internet gambling. Thus, the findings of this study contribute towards the economic-managerial literature on the theme of firms’ social responsibility by providing important insights for gambling firms and public policy makers regarding the responsible gambling strategies for Internet gambling adoptable in the markets, such as the Italian one, in which on line gambling is fully regulated.

scholarly journals Event Study: Advanced Machine Learning and Statistical Technique for Analyzing Sustainability in Banking Stocks

Mathematics ◽  
2021 ◽  
Vol 9 (24) ◽  
pp. 3319
Author(s):  
Varun Dogra ◽  
Aman Singh ◽  
Sahil Verma ◽  
Abdullah Alharbi ◽  
Wael Alosaimi
Keyword(s):  
Machine Learning ◽  
Stock Prices ◽  
Research Work ◽  
Abnormal Returns ◽  
Second Phase ◽  
Financial News ◽  
News Events ◽  
News Event ◽  
The Impact

Machine learning has grown in popularity in recent years as a method for evaluating financial text data, with promising results in stock price projection from financial news. Various research has looked at the relationship between news events and stock prices, but there is little evidence on how different sentiments (negative, neutral, and positive) of such events impact the performance of stocks or indices in comparison to benchmark indices. The goal of this paper is to analyze how a specific banking news event (such as a fraud or a bank merger) and other co-related news events (such as government policies or national elections), as well as the framing of both the news event and news-event sentiment, impair the formation of the respective bank’s stock and the banking index, i.e., Bank Nifty, in Indian stock markets over time. The task is achieved through three phases. In the first phase, we extract the banking and other co-related news events from the pool of financial news. The news events are further categorized into negative, positive, and neutral sentiments in the second phase. This study covers the third phase of our research work, where we analyze the impact of news events concerning sentiments or linguistics in the price movement of the respective bank’s stock, identified or recognized from these news events, against benchmark index Bank Nifty and the banking index against benchmark index Nifty50 for the short to long term. For the short term, we analyzed the movement of banking stock or index to benchmark index in terms of CARs (cumulative abnormal returns) surrounding the publication day (termed as D) of the news event in the event windows of (−1,D), (D,1), (−1,1), (D,5), (−5,−1), and (−5,5). For the long term, we analyzed the movement of banking stock or index to benchmark index in the event windows of (D,30), (−30,−1), (−30,30), (D,60), (−60,−1), and (−60,60). We explore the deep learning model, bidirectional encoder representations from transformers, and statistical method CAPM for this research.

scholarly journals Testing a gambling warning label’s effect on behavior

2019 ◽  
Author(s):  
Philip Warren Stirling Newall ◽  
Lukasz Walasek ◽  
Henrik Singmann ◽  
Elliot Andrew Ludvig
Keyword(s):  
Responsible Gambling ◽  
Gambling Behavior ◽  
Sports Betting ◽  
Online Gambling ◽  
Warning Label ◽  
Premier League ◽  
Independent Test ◽  
Gambling Operators ◽  
Soccer Fans ◽  
Online Sports Betting

Responsible gambling campaigns are one measure enacted by a number of statutory bodies and gambling operators in response to concerns about gambling marketing and the accessibility of modern gambling products. For example, since 2015 a number of the UK‘s largest gambling operators have attached the following warning label to TV and shop window adverts: "when the FUN stops, stop" (where the word "fun" is printed in noticeably larger font than any other word). Here we present an initial independent test of this warning label‘s effect on contemporaneous gambling behavior. A short incentivized survey was conducted to mimic the scenario of online gambling advertising, with warning label presence manipulated between-participants. Participants were given a sequence of nine £0.10 bonuses, and on each trial were presented with the possibility to gamble this bonus on a soccer bet, with bet details and payoffs taken from a major gambling operator‘s website. There were 506 unique participants who had all previously indicated that they were Premier League soccer fans and had experience in online sports betting. Overall, participants decided to bet on 41.3% of trials when a warning label was shown, compared to 37.8% when no warning label shown (i.e., descriptively the label increases the probability of gambling). According to the preregistered analysis plan, this difference was not significant, (χ^2 (1)=2.10, p=.15) The "when the FUN stops, stop" gambling warning label did not achieve its aim of prompting more responsible gambling behavior in the experiment.

scholarly journals THE ESTABLISHMENT OF A EUROPEAN DEFENCE FUND IN THE FUNCTION OF THE SECURITY AUTONOMY OF THE EUROPEAN UNION

2019 ◽  
Vol 26 (6) ◽  
pp. 1743-1748
Author(s):  
Nikola Vidović ◽  
Hatidža Beriša ◽  
Milenko Dželetović
Keyword(s):  
European Union ◽  
Financial Analysis ◽  
Research Work ◽  
Armed Forces ◽  
Second Phase ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Global Aspect ◽  
The Impact

In line with the increased level of risks, threats and challenges to the security of the European Union, on the initiative of the European Commission under the leadership of President Jean-Claude Juncker, on June 7, 2017, the European Defence Fund was established with the aim of establishing the European Union's security and strategic autonomy through the strengthening of military capacity of member states. By determining common strategic priorities for enhancing military capabilities in accordance with the regulations, European Union member states are obliged to establish a strategy for addressing military capacity shortages. In the present global aspect, the allocation of significant financial resources for the need to finance rising military demands is an important turning point in the field of international relations and it directly affects the macroeconomic and security trends in the world.The paper examines the potential of the European Defence Fund within the framework of the new comprehensive package for the defence of the European Union and the perspectives of sustainable financing in the two planning stages through systematic financial analysis. The first phase involves research in the field of defence technologies, while in the focus of the second phase are development and acquisition. The analysis will also include two financial packages, within the fund, which is intended to fund programs and projects in two time intervals, the first by 2020, and the second from 2021 to 2027.The research work will emphasize and the justification of the establishment of the European defence fund in terms of financial tools for public financing of which it is composed, and the impact of the fund on the activation and recruitment of industrial capacities of the member states of the European Union, ie the employment rate of the population of Europe, and the impact on interoperability between armed forces of EU member states.

scholarly journals Impact of Warning Pop-Up Messages on the Gambling Behavior, Craving, and Cognitions of Online Gamblers: A Randomized Controlled Trial

2021 ◽  
Vol 12 ◽  
Author(s):  
Julie Caillon ◽  
Marie Grall-Bronnec ◽  
Anaïs Saillard ◽  
Juliette Leboucher ◽  
Morgane Péré ◽  
...  
Keyword(s):  
Cognitive Distortions ◽  
Controlled Trial ◽  
Responsible Gambling ◽  
Gambling Behavior ◽  
Sports Betting ◽  
Experimental Session ◽  
Limited Impact ◽  
Warning Messages ◽  
The Impact

Background: Many features of Internet gambling may impact problem severity, particularly for vulnerable populations (availability, anonymity, a convenience and ease of play, digital forms of payment, and a higher level of immersion). To prevent the risks associated with excessive gambling and to inform gamblers, we need responsible gambling strategies. Gambling-related warning messages are one possible strategy that can help minimizing gambling-related harm.Methods: Our experimental study aimed to evaluate the effectiveness of self-appraisal and informative pop-up messages compared to a control condition (blank pop-up messages), for both at-risk (ARG) and low risk/non-problem Internet gamblers (LR/NPG) according to their favorite type of game, in a semi naturalistic setting and with a 15-day follow-up. During the experimental session, participants were invited to gamble on their favorite website with their own money in the laboratory. Effectiveness was investigated through the impact of pop-ups on gambling behavior (money wagered and time spent), craving, cognitive distortions, and gambling experience, taking into account message recall. We analyzed data from 58 participants, playing preferentially either to skill and chance bank games (sports betting, horse race betting) and skill and chance social games (poker).Results: We observed a significant decrease in the illusion of control for ARG in the informative pop-up condition at the 15-day follow-up. A significant effect of self-appraisal pop-ups compared to blank pop-up messages was also demonstrated only for sport and horse bettors, with a decrease on time spent gambling and an increase of gambling-related expectancies at the follow-up. Finally, we also observed that a majority of the participants were disturbed and irritated by pop-ups during their gambling session.Conclusions: The results of our study demonstrated the limited impact of pop-up warning messages on gambling behavior and cognition in Internet gamblers according to the type of game and the status of gamblers. The limited impact of warning messages on gambling behavior and the inconvenience of the pop-ups for Internet gamblers lead us to only consider warning messages as one piece of a larger responsible gambling strategy.Trial Registration Number: NCT01789580 on February 12, 2013.

scholarly journals The Influence of E-Commerce in Changing Competition in Regulated Industries: An Analysis in the Italian Sports Betting Market

2018 ◽  
Vol 13 (12) ◽  
pp. 306
Author(s):  
Paolo Calvosa
Keyword(s):  
Business Models ◽  
Distribution Channel ◽  
Gambling Behavior ◽  
Sports Betting ◽  
Structural Factors ◽  
Internet Technologies ◽  
Industry Competition ◽  
Betting Market ◽  
On Line ◽  
The Impact

The effect of the Internet and e-commerce on industry competition has been widely discussed in economic-managerial literature. Most of the studies focused on the analysis of the impact of Internet technologies on specific industry structural factors – in particular on sectoral price levels –, but no sufficient empirical evidence based on overall industry change is yet available. The aim of this work is to analyze the influence of e-commerce on the transformation of the industrial structure and competition in a regulated market, that of Italian sports betting. This market, because the effect of a process of legalization of on-line sports betting that started in 2006, has been interested by a continuous shift of purchases of sport bets, ranging from the traditional sales channels to digital ones. This has contributed in creating an on-line gambling sector among the most developed and consolidated in the world. From a methodological point of view, firstly the data from a series of secondary sources was processed in order to examine the main changes in the Italian sports betting market induced by the legalization of on-line gambling. Secondly, the data and information collected through specific empirical investigations was used to examine the impact of Internet betting on gambling operators’ business models and on players’ gambling behavior in the Italian market. The results of the analysis has shown that the development of Internet technologies and of e-commerce has had, on the one hand, a positive influence on the growth of the sales in the Italian sports betting market; and on the other hand, has impacted on a series of structural factors in the sector – entry barriers, number of competitors, geographical opening of the market, levels of pricing, average profit margins – in such a way as to determine an increase in industry competition. In particular, use by foreign companies of the electronic distribution channel as a ‘mode of entry’ into different geographical markets is causing the development of competition that goes beyond national borders, reducing the strongly domestic oligopolistic structure that has always characterized the Italian sports betting industry.

scholarly journals The Effect of Mandatory Play Breaks on Subsequent Gambling Behavior Among Norwegian Online Sports Betting, Slots and Bingo Players: A Large-scale Real World Study

2021 ◽  
Author(s):  
Niklas Hopfgartner ◽  
Michael Auer ◽  
Tiago Santos ◽  
Denis Helic ◽  
Mark D. Griffiths
Keyword(s):  
Real World ◽  
Large Scale ◽  
Responsible Gambling ◽  
Gambling Behavior ◽  
Sports Betting ◽  
Forced Termination ◽  
Personalized Feedback ◽  
Wide Range ◽  
Gambling Expenditure ◽  
Gambling Operators

AbstractIn order to protect gamblers, gambling operators have introduced a wide range of responsible gambling (RG) tools. Mandatory play breaks (i.e., forced termination of a gambling session) and personalized feedback about the gambling expenditure are two RG tools that are frequently used. While the motivation behind mandatory play breaks is simple (i.e., gambling operators expect gamblers to reduce their gambling significantly as a result of an enforced break in play), empirical evidence supporting the efficacy of the mandatory breaks is still limited. The present study comprised a real-world experiment with the clientele of Norwegian gambling operator Norsk Tipping. On the Norsk Tipping gambling website, which offers slots, bingo and sports-betting, forced termination occurs if gamblers have played continuously for a one-hour period. The study tested the effect of different lengths of mandatory play breaks (90 s, 5 min, 15 min) on subsequent gambling behavior, as well as the effect of combined personalized feedback concerning money wagered, won, and net win/loss. In total 21,129 online players (61% male; mean age = 47.4 years) experienced at least one play break between April 17 and May 21 (2020) with 156,989 mandatory play breaks in total. Results indicated that a 15-min mandatory play break led to a disproportionately longer voluntary play pause compared to 5-min and 90-s mandatory play breaks. Personalized feedback appeared to have no additional effect on subsequent gambling and none of the mandatory play breaks appeared to affect the increase or decrease in money wagered once players started to gamble again.

scholarly journals Comparing football bettors' response to social media marketing differing in bet complexity and account type – An experimental study

2020 ◽  
Author(s):  
Scott Houghton ◽  
Mark Moss
Keyword(s):  
Social Media ◽  
Repeated Measures ◽  
Sports Betting ◽  
Social Media Marketing ◽  
Future Research ◽  
Gambling Behaviour ◽  
Online Study ◽  
Repeated Measures Design ◽  
Gambling Operators ◽  
The Impact

AbstractBackground and aimsThe current study aimed to assess how sports bettors respond to advertised bets on social media and whether this differs dependent upon bet complexity and social media account type.MethodsEmploying a 3 × 2 repeated measures design, 145 regular football bettors were recruited to take part in an online study requiring them to rate bets advertised upon social media, providing indications of their likelihood to bet, confidence in the bet and how much they would stake on the bet. Advertised bets differed in terms of complexity (low, medium and high) and each bet was presented separately on both an operator account and an affiliate account.ResultsData analysis highlighted a significant interaction between bet complexity and account type, with bettors rating themselves as being more likely to bet and more confident in bets which were presented on an affiliate account for medium complexity bets but not for low or high complexity bets.Discussion and conclusionsThis study provides initial evidence that affiliate marketing of sports betting increases bettor's confidence in certain types of bets. This heightens previously addressed concerns around affiliate marketing, given that affiliates are financially incentivised to attract custom toward gambling operators. Future research should explore risk factors for increased uptake of affiliate marketing, and the impact on gambling behaviour.

Piezoelectric β-polymorph formation of new textiles by surface modification with coating process based on interfacial interaction on the conformational variation of poly (vinylidene fluoride) (PVDF) chains

2020 ◽  
Vol 91 (3) ◽  
pp. 31301
Author(s):  
Nabil Chakhchaoui ◽  
Rida Farhan ◽  
Meriem Boutaldat ◽  
Marwane Rouway ◽  
Adil Eddiai ◽  
...  
Keyword(s):  
High Efficiency ◽  
Vinylidene Fluoride ◽  
Research Work ◽  
Research Area ◽  
Interfacial Interaction ◽  
Tetraethyl Orthosilicate ◽  
Poly Vinylidene Fluoride ◽  
Carbon Nanofillers ◽  
The Impact ◽  
Advanced Applications

Novel textiles have received a lot of attention from researchers in the last decade due to some of their unique features. The introduction of intelligent materials into textile structures offers an opportunity to develop multifunctional textiles, such as sensing, reacting, conducting electricity and performing energy conversion operations. In this research work nanocomposite-based highly piezoelectric and electroactive β-phase new textile has been developed using the pad-dry-cure method. The deposition of poly (vinylidene fluoride) (PVDF) − carbon nanofillers (CNF) − tetraethyl orthosilicate (TEOS), Si(OCH2CH3)4 was acquired on a treated textile substrate using coating technique followed by evaporation to transform the passive (non-functional) textile into a dynamic textile with an enhanced piezoelectric β-phase. The aim of the study is the investigation of the impact the coating of textile via piezoelectric nanocomposites based PVDF-CNF (by optimizing piezoelectric crystalline phase). The chemical composition of CT/PVDF-CNC-TEOS textile was detected by qualitative elemental analysis (SEM/EDX). The added of 0.5% of CNF during the process provides material textiles with a piezoelectric β-phase of up to 50% has been measured by FTIR experiments. These results indicated that CNF has high efficiency in transforming the phase α introduced in the unloaded PVDF, to the β-phase in the case of nanocomposites. Consequently, this fabricated new textile exhibits glorious piezoelectric β-phase even with relatively low coating content of PVDF-CNF-TEOS. The study demonstrates that the pad-dry-cure method can potentially be used for the development of piezoelectric nanocomposite-coated wearable new textiles for sensors and energy harvesting applications. We believe that our study may inspire the research area for future advanced applications.

The Effect of Taxation and Corruption on Firm Growth: An Empirical Investigation for Vietnam

2016 ◽  
pp. 5-29
Author(s):  
Bich Le Thi Ngoc
Keyword(s):  
International Development ◽  
Firm Growth ◽  
Empirical Investigation ◽  
Manufacturing Firms ◽  
Economic Management ◽  
Tax Rate ◽  
Percentage Point Increase ◽  
Percentage Points ◽  
Point Increase ◽  
The Impact

The aim of this study is to analyze empirically the impact of taxation and corruption on the growth of manufacturing firms in Vietnam. The study employed pooled OLS estimation and then instrument variables with fixed effect for the panel data of 1377 firms in Vietnam from 2005 to 2011. These data were obtained from the survey of the Central Institute for Economic Management and the Danish International Development Agency. The results show that both taxation and corruption are negatively associated with firm growth measured by firm sales adjusted according to the GDP deflator. A one-percentage point increase in the bribery rate is linked with a reduction of 16,883 percentage points in firm revenue, over four and a half times bigger than the effect of a one-percentage point increase in the tax rate. From the findings of this research, the author recommends the Vietnam government to lessen taxation on firms and that there should be an urgent revolution in anti-corruption policies as well as bureaucratic improvement in Vietnam.

Microstructural and Mechanical Behaviour Evaluation of Mg-Al-Zn Alloy Friction Stir Welded Joint

2020 ◽  
Vol 17 (3) ◽  
pp. 8150-8159
Author(s):  
Kulwant Singh ◽  
Gurbhinder Singh ◽  
Harmeet Singh
Keyword(s):  
Heat Treatment ◽  
Friction Stir Welding ◽  
Magnesium Alloys ◽  
Mechanical Performance ◽  
Fuel Efficiency ◽  
Research Work ◽  
Grain Structure ◽  
Tensile Fracture ◽  
Friction Stir ◽  
The Impact

The weight reduction concept is most effective to reduce the emissions of greenhouse gases from vehicles, which also improves fuel efficiency. Amongst lightweight materials, magnesium alloys are attractive to the automotive sector as a structural material. Welding feasibility of magnesium alloys acts as an influential role in its usage for lightweight prospects. Friction stir welding (FSW) is an appropriate technique as compared to other welding techniques to join magnesium alloys. Field of friction stir welding is emerging in the current scenario. The friction stir welding technique has been selected to weld AZ91 magnesium alloys in the current research work. The microstructure and mechanical characteristics of the produced FSW butt joints have been investigated. Further, the influence of post welding heat treatment (at 260 °C for 1 h) on these properties has also been examined. Post welding heat treatment (PWHT) resulted in the improvement of the grain structure of weld zones which affected the mechanical performance of the joints. After heat treatment, the tensile strength and elongation of the joint increased by 12.6 % and 31.9 % respectively. It is proven that after PWHT, the microhardness of the stir zone reduced and a comparatively smoothened microhardness profile of the FSW joint obtained. No considerable variation in the location of the tensile fracture was witnessed after PWHT. The results show that the impact toughness of the weld joints further decreases after post welding heat treatment.

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