Since time immemorial the gaming industry has been hounded by accusations of being morally unacceptable. It has been depicted as being ran by the mob aside from bestowing bankruptcy upon its patrons.
However, a lot has changed since the days when casinos were the nerve centers of criminal activities. In the United States, for example, the Federal Government as well as various state governments have taken bold steps to ensure that casinos are run in a transparent and legal manner.
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Moreover, the casinos themselves have made attempts to clean up their acts. They have formed oversight bodies that ensure that the negative image portrayed by Hollywood remains nothing but a work of fiction.
All the same not everyone has been able to stay clean. A case in point is Las Vegas Sands which was faced with a money laundering case that saw it pay a fine of $47 million for allowing a drug lord to gamble at its facility. Furthermore, its neighbor Caesars Palace was also fined $8 million for the same type of negligence.
The problem doesn’t end in the US; Macau has also had its fair share of problems. It is has been argued that the gaming industry in China is still ran by the triads; an allegation that has been vehemently denied by the authorities. Furthermore, international gaming companies that operate on the peninsula insist that their VIPs are not criminals but the critics are yet to be convinced.
As if the gaming industry doesn’t already have enough problems; the introduction of online gaming has brought with it untold suffering to unsuspecting gamers. From catastrophic viruses to merciless fraudsters, the internet is ready to pounce on anyone who is not alert. This has further tarnished the image of gambling.
Nevertheless, there is a light at the end of the tunnel especially for online gamers. Various governments are reining in on errant online casinos through such organizations as the Gambling Commission (UK) and the Gibraltar Gambling Commission.
But when it’s all said and done it is up to every gamer and casino to improve the image to the industry. Casinos should not be blinded by the amount of money they make from their VIP clients and turn a blind eye on where this money comes from. Gamers on the other hand should only use reputable platforms and avoid becoming statistics of people who’ve been harmed by gambling.