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Brain Factors In Gambling

The growth of gambling problems has become controversial which has significant impact to the society. The progression of an entertainment gambler into a compulsive gambler affects the entire family of the gambler with extended effects to the society. The treatment for gambling is basically more of counseling approach as gambling can also be likened to a mental illness with psychological factors that affect a compulsive gambler’s behavior.

Several studies were conducted to understand the gambling behaviors of a person. The basic premise would be due to the fact that gambling can become an outlet for a person to release stress and anxiety. The effects of winning can also be very rewarding to the gambler. This makes a gambler cling to the notion of earning fast money. The concept of winning fast and big cash through gambling can provoke a gambler to bet more. The psychological aspect of attaining the reward of big prizes can make a gambler push their selves beyond their limits. Greater satisfaction is felt when this goal to win is achieved.

Gamblers gamble for varied reasons. The mind of a gambler is complex that different reasons may motivate a gambler to indulge in gambling. Some would like to satisfy their needs to belong. The sense of belongingness can be satisfied through gambling where gamblers gain recognition upon winning big cash prizes and from the complimentary returns issued to valued patrons by a gambling establishment that makes them feel important and valued.

Gambling can also become a source of escape from certain situation such as anxiety, boredom and loneliness. The complex behaviors seen from gamblers are also highly influenced by some brain factors. These brain factors can be traced from the nerve impulses that signal the brain to order the manifestations of different emotional psychological and behavioral actions.

There are 3 identified neurotransmitters that influence the transmission of these impulses to the brain waves. The dopamine released in the brain is mainly responsible for the satisfying feeling a gambler felt upon winning from their wagers. Any increase of dopamine release can motivate a person to place more bets in order to win big and to attain a better satisfying feelings.

The serotonin in the brain can be considered as the villain on the various emotional behaviors seen from gamblers. Failure to participate in gambling can attack the gambler with different emotional feelings of anxiety and stress with the feeling of increased desire to gamble in order to escape a stressful situation.

The norepinephrine in the brain greatly influences a gambler to respond to the remorse feeling felt by a gambler such as loneliness, great boredom and anxiety. It influences the brain’s decision to remedy the stressful situation of the gambler being the “flight and fight” system of the brain. A gambler who lacks control of themselves can turn to gambling activities to fight over the emotional turmoil they felt to escape. While other gambler whose minds are able to manage to maintain composure to refrain from using gambling as an escape and instead turn to doing other recourse to remedy their problems such as prayers, meditation, relaxation and exercise.

US Department of Justice Issues Restraining Order to BetOnSports

The US Department of Justice issued a restraining order to Bet On Sports in relation to the indictment of Bet On Sports CEO David Carruthers.

The Department of Justice issued an order to Bet On Sports to stop taking bets from U.S residents at once.

To follow the Justice Department order, the online site has issued a statement on its website that informs the online players that due to the recent court fillings, all financial dealings are temporarily disabled for US residents.

Due to the recent charges against the executives and founder of Bet On Sports, the account holders at the online gambling site are in an indeterminate state.

The customer service for the online bookie also temporarily halted its services.

US Federal District Court had issued the ban last Monday in the Eastern District of Missouri.

Illegal taking of bets, tax evasion, and fraud are the charges the eleven indicted executives of Bet On Sports are facing.

The Bet On Sports director is not commenting on the issue as they are still looking at their legal options.

The Bet On Sports stocks were also frozen and analysts expected it to remain in that state until after the court battle is resolved.

The actions of the Justice Department are being questioned but the Justice Department asserts the Wire Act binds that move.

Camelot Will Keep Its License Says Citigroup

Citigroup has issued remarks saying it is highly probable for London-based Camelot Group plc. to maintain its license to operate Britain’s National Lottery from 2009, which significantly slims the chances of Tattersall in winning its bid against Camelot.

In its note to clients, Citigroup pointed out that the majority of the lottery industry — who knows the U.K. gambling market very well — actually expects Camelot to grab the license for a third term.

Citigroup noted that for the past three years, Camelot has brought in a compound annual ticket sales growth of 4.4% which clearly indicates Camelot’s solid success in establishing a reliable professional history in running the lottery in the U.K.

In terms of actual payouts, projects relating to “good causes” are the recipient of 28% of Camelot sales while another 12% goes to the U.K. government for the permission to operate the National Lottery.

In previous interviews, Tattersall’s chief financial officer Ray Gunston had said that it was ready to operate using the same terms being implemented currently by Camelot.

The National Lottery Commission in U.K. launched the competition for the 10-year license to run U.K. lotteries from 2009 last month.

Tattersall has until December 15 to bid for the 10-year license.

Buffalo and Senecas Open for Casino Negotiation

The City of Buffalo, through Mayor Byron W. Brown, has confirmed on Thursday that the city is open again for any possible negotiations with the Seneca Nation of Indians regarding the downtown casino at the Fulton Street.

The Seneca Nation of Indians has also backed up on the same day the new progress about their casino talks with Buffalo.

Seneca Gaming Corporation’s Development Chief Rajat Sinah said that they are looking forward to another meaty discussion with Buffalo officials.

A day before the confirmation, Mayor Brown had already formally ended the sale of two Fulton Street blocks to the Senecas and the latter has then expressed its decision to choose another casino venue, which is little less grand than that of the Fulton Street.

According to the Wednesday statement made by Mayor Brown, the city of Buffalo proposed a legally binding agreement with the Senecas that would guarantee job opportunities to Buffalo residents and emphasize marketing strategies for attracting not only local, but also non-Buffalo gamblers.

Mayor Brown was quoted as saying that he wanted the Seneca Nation of Indians to enter into a written contract with them, but the Senecas ignored his points about economic benefits of the deal and were unwilling to be bound by the stipulations.