Singapore has witnessed one of the most-rapid growth in terms of gambling and losses on gambling in the world. After opening the first casino back in 2010, Singapore quickly became one of the largest gambling countries on the globe. Compared to this, Australia that has gambling around for over a century, are small-time players. In just 8 years, Singapore has managed to come second in the list with the world’s biggest gambling countries. Despite the measures taken by the government and even families through the ‘Family Exclusion Orders’ and many other mechanisms designed to keep people in Singapore away from casinos, the total losses per adult still stands at over $1,000.
We register a huge drop moving on to the third position of our top, where we find Ireland. Ok, perhaps this isn’t such a big surprise since it’s known that Irish people as well as the entire United Kingdom are predisposed go gambling and it’s kind of part of their culture. The cost per adult stands at over $590 which is half from what Australia registers year after year, but still a worrying amount. The Irish are known to be big fans of horse and greyhound races as well as the classic table games and, more recently, online slots. The Gambling Commission does everything in its power to prevent problem gaming through programs such as GameCare or GAMStop, however, the number of Irish people that are still drawn to the online and traditional casinos is still high with huge amounts being spent year after year.
So, if you’re planning on going on a gambling trip and you’re already tired of Las Vegas, or you just consider that destination to mainstream, you can just pick any of these countries and you’ll have plenty gambling products to choose from.
As surprising as it may sound, Greeks is another country that is greatly affected by gambling. An adult in this country loses $ 420 to bet on average. When it comes to gambling, the nations have something to boast about. The legendary gamble of all time, Nicholas, also known as Nick the Greek was from this country. The gambler died almost penniless at 83 in the year 1966 after losing all the winnings. If inflation rates are used to adjust his winnings, then it would worth approximately $500 million by the year 2009.
The Greeks’ most favorite way of gambling is lotteries, and in the year 2010, the joker lottery managed to collect a record jackpot of nineteen million Euros. It is no surprise that this nation also hosts the largest gambling company, OPAP, which boasts of a market cap of approximately 4.1 billion Euros. The privatization of the company was in its final stages by the year 2012. The sale of the company could help the government offset some of its debts.
Norway is not any different when it comes to gambling. It is approximated that an adult in this nation loses about $ 448 to gambling. The most popular modes of gambling in Norway include football bets, slot machines, scratch cards and also lotto. A survey that was conducted by the government in the year 2008 found out that 88% of Norway citizens are lifetime gamblers. Furthermore, the researchers discovered that young men who had previously played on gaming machines had a frequent occurrence of betting addiction.
The government has made attempts to limit access to gambling, a move that has seen the number of slot machines reduce from 22,700 in the year 2007 to 10,000. This is not a success in any way as the gambling was only transferred to online operations. The gamblers switched to playing poker online, and the government is now threatening to filter all the online gambling operations.
Surprisingly, even though the government is making efforts to reduce the number of gambling population, there exists a state-owned gambling company, Norsk that is under the control of the Ministry of Culture and church affairs. This makes me wonder if gambling is part of the culture or is it part of church affairs. All said and done; the company still posted revenue of $2.1 billion last year.
$503 is lost to gambling by every adult citizen of Hong Kong on average. If you sum up this figure with the total population of the country you can imagine what that amount of money can do when it comes to national development. Even though casinos are illegal in Hong Kong, the law does not apply to Macau which is just one-hour boat ride from Hong Kong. It, therefore, should not surprise you that in the year 2011, more than 500,000 citizens of Hong Kong paid a visit to Macau. You must not know that not all forms of betting are illegal in the country as the government still recognizes some gambling forms that include soccer betting, lotteries, and horse racing.
Medical research has revealed something that I least expected. Can you believe that one out of every 20 citizens of Hong Kong have a gambling disorder? I did not know that gambling can become a disorder. Within the country, there is a Jockey Club that organizes the major draws and also does cultural fixation. The club hosts 700 races in a single year. In the year 2010, it managed to earn $2.7 billion in betting and lottery revenue. Another study that was conducted by a Gamblers Counseling center found out that out of 1040 students, more than half of them were introduced to gambling by their parents and 41% of them stated betting at a tender age of six.
Gambling in Italy is not something that has a brief history. It is in this nation that the game of Baccarat was invented. That is not all as in the year 1638, Italy becomes the first country to have a government-sanctioned casino in the whole of Europe. The casino was named Ridotto. However, the casino was closed by the Venetian government in the year 1774 in attempt to preserve the city’s discipline and regulate behavior. Given the rich history of the country when it comes to gambling, it should not surprise you that on average, an adult loses $517 to betting in Italy.
Their favorite form of gambling is the use of electronic gaming machines which include slots. Just to emphasize how serious gambling is considered in Italy, electronic gemming generated 50% of the total gaming revenues within the first six months of the year 2010.within that period, gaming revenues totaled to $22 billion.
The Ministry of Social Affairs and Health in Finland reports that more than 41% of the adult population of the country takes part in gambling activities every week. Gambling is deeply rooted in the country such that even children took part in the menace before the government raises the minimum age for gambling from 15 years old to 18 years old in the year 2011. The change of age limit was done in effort to discourage gambling among children. Even though the government tries to discourage gambling in Finland, there still exists a government-run gambling company which is under the control of the Ministry of Education.
The revenue collected from the gambling company is channeled to arts, education and culture. At least there is a gambling company in Finland that care about the addiction that comes with gambling. The Paf group that runs online gambling company rewards its loyal customers who spend more than $171.40 on the gambling site and are proved to have gambling addiction. On a second thought, I don’t really believe that the company cares much about the addiction so long as they can continue making money. The reward may just encourage the gamblers to gamble more. on average, an adult in Finland loses $553 to gambling and that is money that you cannot possibly earn within a short period of time.