Gambling industry in Europe - Statistics & Facts The gross gambling revenue (GGR) of European countries in was highest in Italy at roughly 18 billion euros, closely followed by the United. Welcome to the sixth edition of Gambling outlook This publication focuses on segments within the South African gambling industry, with detailed forecasts and analysis. For each segment, we give details about the key trends we have noted as well . April Macau GGR dip likely, despite Easter uptick: analysts. Apr 23, Newsdesk Latest News, Macau, Top of the deck. The average daily rate of Macau casino gross gaming revenue (GGR) for the third week of April improved compared to earlier in the month to .
What Is GGY (GGR) and How to Calculate It?
Economics of gambling
In this article, you will learn what GGR depends on and how to determine its value. GGR is a financial index that determines the gross revenues of a gambling institution. It is calculated as the difference between the total sum of all bets staked by the players A and the sum of all their wins B.
Why is it so important to correctly understand the GGR? The fact is that the gambling taxation in many countries is charged as a percentage of GGR. Many EU countries opt for the percentage of GGR because the total turnover of bets doesn't take into account all the peculiarities of different types of gambling. Under the same conditions, the taxes will be extremely high or the other way around for different operators. Moreover, it concerns both online and land-based gambling establishments.
The GGY can be implied as effectiveness measure in any kind of gambling, where there are a stake and a win. For example, in online casino games, lotteries, totalizers, bookmakers and so on. When calculating the GGR, additional costs and taxes are not considered. The additional costs mean any other payments except payouts to the players. Those include staff salaries, equipment costs, website maintenance fees, etc. GGR index shows the volume of sales or services rather than profit.
If compare with a usual shop, GGY will indicate the sales revenue of the commercial enterprise and not its profit. When calculating GGY, free bets or bonuses are taken into account only if the player has the right to choose money as a prize.
У меня такое дела, наш Гость на все наши услуги подписался. The husband pulled me away, and moved to his wife, still exhausted. He saw young Jake, as a sheep, ready to be slaughtered.
She took my hand and led me into the house. In Washington, D. Поскольку девчонок помоложе рядом не оказалось, женя все свое внимание переключил на эту старую и развратную шлюшку.
As a result of gambling , some are driven to extreme lengths to cover debt. Severely addicted gamblers spend most of their energy following their addiction. They cost companies loss of productivity and profit. Gamblers themselves may suffer from depression and bankruptcy. Some may go into severe debt and suffer anxiety because of it. The social costs to society are varied and include unemployment benefits, family services and medical treatment to gamblers.
During times of economic success, casinos tend to take labor supply away from neighboring businesses. Since casinos offer higher wages than regular neighboring businesses, such as restaurants, employees leave the neighboring business and works for the casino.
Customers who normally go to the neighboring restaurants now instead go to the casino for food. This demonstrates how not all growth by a casino can be attributed as economic growth ; sometimes casinos merely transfer growth from other businesses into their own.
Gambling provides jobs since all commercial games require labor. Casinos require intensive labor including security guards, technical support staff, gaming staff, among others. This number does not include those who are indirectly involved with gambling, such as racing organizers. Employment resulting from gambling is difficult to estimate since gambling involves employees in many different stages. Entertainment is interlinked with gambling as well, for instance, the many shows available in casinos in Las Vegas.
Hotel services and chauffeurs are also in higher demand because of gambling. Gambling increases aggregate demand for goods and services in the economy. In , Americans spent one in every ten dollars on commercial gaming.
Gambling is the wagering of money or something of value referred to as "the stakes" on an event with an uncertain outcome, with the primary intent of winning money or material goods. Gambling thus requires three elements be present: The term "gaming"  in this context typically refers to instances in which the activity has been specifically permitted by law.
The two words are not mutually exclusive; i. However, this distinction is not universally observed in the English-speaking world. For instance, in the United Kingdom, the regulator of gambling activities is called the Gambling Commission not the Gaming Commission.
For example, players of marbles games might wager marbles, and likewise games of Pogs or Magic: The Gathering can be played with the collectible game pieces respectively, small discs and trading cards as stakes, resulting in a meta-game regarding the value of a player's collection of pieces.
Gambling dates back to the Paleolithic period, before written history. In Mesopotamia the earliest six-sided dice date to about BC. However, they were based on astragali dating back thousands of years earlier. In China, gambling houses were widespread in the first millennium BC, and betting on fighting animals was common. Lotto games and dominoes precursors of Pai Gow appeared in China as early as the 10th century. Playing cards appeared in the ninth century in China.
Records trace gambling in Japan back at least as far as the 14th century. Poker , the most popular U. The first known casino, the Ridotto , started operating in in Venice, Italy. Many jurisdictions, local as well as national, either ban gambling or heavily control it by licensing the vendors. Such regulation generally leads to gambling tourism and illegal gambling in the areas where it is not allowed. The involvement of governments, through regulation and taxation, has led to a close connection between many governments and gaming organizations, where legal gambling provides significant government revenue, such as in Monaco or Macau, China.