Online Gambling Essay Example | Topics and Well Written Essays - 3000 words

Online Gambling - Essay Example In Australia, gaming machine gambling turnover is a major one across all the gambling forms; the turnover is around $ 107,924 million. The essay aims to provide an insight into the internet gambling in Australia with a discussion of its advantages and disadvantages. This essay starts with an introduction to the Australian online gambling industry. A conclusion has been inferred from the analysis part. Online Gambling in Australia: The roots of the same Ever since the first European settlers had arrived on shore, gambling has become an inherent part of Australian culture. British influence has given considerable contribution to give gambling a firm ground for its establishment and enlargement. Quickly it became significantly popular form of entertainment in Australia. In the 1980’s, in Australia, gambling was present in a number of organised forms. So, it was quite natural that Australia would emerge as one of those first countries who would get their hands on these newly intro duced technologies, allowing them to get indulge into internet gambling. On 8th April, 1999, Australia became the first country across the globe to legalize the online gambling. â€Å"Not only was Australia the first country to legalize online gambling under a fully regulated jurisdiction, but Lasseters Online is also the world's first internet casino to be operated by a land-based casino, situated in the Northern Territory† (Online Casino Archives, 2008). Lasseters had its belief in the online gaming industry. From day one, the company realised the prospectus of the international gambling. Even before other Australian states, it has opened its doors to the international customers. The Australian government swiftly appreciated the potential market success... The public and legal gambling history of Australia began in the early period of nineteenth century. The history started off with gambling on horse racing. In the year 1810, the first publicly organised race meeting was held in New South Wales. In the year 1861, the Melbourne cup, a globally recognised race, was first introduced in Victoria. In the early twentieth century, lotteries were introduced. In the year 1920, the Golden casket lottery was established by the Queensland Government. The very first regulated online casino started off in the year 1999. Since the 1990s, the expansion of gambling has experienced a considerable growth; this has been true for Australia and several other countries. At this time, the electronic gaming machines had been introduced in the hotels and casinos across Australia. In the year 1956, these were introduced in the Australian clubs. At the first stage, gaming machines were not originally introduced in the hotels as these do not have the same communit y focus or the same types of community engagements as the Australian clubs. For the clubs the gambling was the most significant activity to earn revenue while in hotels and casinos the trend was to serve beer and other alcohol. In this new era, the gaming machines have developed a lot to introduce a highly sophisticated computer programmed machines. The modern and technically enhanced gaming machines can be programmed to offer small wins to maintain the excitement.This also helps the participants to be hopeful of large wins. Presently, Australia seems to be one of the most attractive online gambling location in entire Oceania as the country got several licensed internet gambling sites. Gambling has a very long history. Since the inception, gambling has emerged as a controversial issue.