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The Gambling Industry

In: Other Topics

Submitted By blake9
Words 4196
Pages 17
Table of Contents

Overview………………………………………………………………………………………………..……Page 1
Structure………………………………………………………………………………………………..……Page 3
Economic Situation………………………………………………………………………………………Page 4
Political Situation…………………………………………………………………………………………Page 5
Stakeholders…………………………………………………………………………………………..……Page 7
Non-Market Strategies and Analysis……………………………………………………………...Page 9
Market Strategies and Analysis………………………………………………………………...…Page 11
Economic Analysis……………………………………………………………………………………..Page 12
Political Analysis……………………………………………………………………………………..…Page 14
Evaluation of Outcomes………………………………………………………………………...……Page 15
Works Cited………………………………………………………………………………………….……Page 17

Overview
The industry of gambling provides a country’s respective government with large amounts of financial support. Furthermore, gambling is a multi-billion dollar industry worldwide. The misfortunes and losses of people are the monumental and overwhelming gains to government or non-government regulated casinos. The establishment of government owned casinos creates much-needed jobs for citizens as well it creates a flow of profit to the country. This inflow of cash assists the government in completing necessary tasks and is beneficial to the public because taxes are not being raised to complete such tasks. Over the last twenty-five years, the regulation of gambling has become prevalent. There are still many situations in which gambling occurs in a deregulated form such as Internet gambling, which although many people partake in, is not officially legal in Canada. The criminal code played a large part in the prohibition of gambling in Canada. In 1969, an amendment was made to the Canadian Criminal Code to allow the use of lotteries to help provincial governments fund projects (Stevens). Following the introduction of the lottery, in 1985, provincial governments were permitted...

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