Encyclopedia of Corporate Social Responsibility

2013 Edition
| Editors: Samuel O. Idowu, Nicholas Capaldi, Liangrong Zu, Ananda Das Gupta

Gambling

  • John D. Pratten
  • Diane L. Wright
Reference work entry
DOI: https://doi.org/10.1007/978-3-642-28036-8_628

Synonyms

Definition

Gambling is the wagering of money or any other object of material value on an event the result of which is uncertain. There is an intention of winning additional money or some other material outcome as a result of the wager.

Gambling should be distinguished from insurance. If an individual takes out insurance, that person pays a sum of money to a company and will be paid back a larger amount if the specified event occurs. This relates to the loss of personal or business assets and loss of life and limb.

Insurance is also used widely by companies to limit the downside to risk – not just buildings or potential claims from employees but insurance companies are also used for hedging purposes, whereby companies pay insurance companies to take the downside risk to commodity transactions (price movements), debt transactions (interest rate movements), and currency transactions (exchange rate movements).

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References and Readings

  1. Adams, P. J. (2007). Assessing whether to receive funding support from tobacco, alcohol, gambling and other dangerous consumption industries. Addiction, 102, 1027–1033.Google Scholar
  2. Camelot. (2006). Camelot corporate responsibility review 2006. www.camelotgroup.co.uk/crreport2006/docs/Camelot_CR_Review_final_pdf
  3. Church of England Ethical Investment Advisory Group. (2006). Gambling or gaming: Entertainment or Exploitation? http://www.cofe.anglican.org/info/ethical/policy%3estatements/gambling.pdf
  4. Chinn, C. (1991). Better betting with a decent feller. Bookmakers, betting and the British working class 1750–1990. Harvester Wheatsheaf: Hemel Hempstead.Google Scholar
  5. Davidson, D. K. (1996). The marketing of socially unacceptable products. Westport: Quorum Books.Google Scholar
  6. Gupta, R., & Derevensky, J. L. (1998). An empirical examination of Jacobs’ general theory of addictions: Do adolescent gamblers fit the theory? Journal of Gambling Studies, 14(1), 17–49.Google Scholar
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  8. Jones, P., Clarke-Hill, C. M., & Hillier, D. (2000). Viewpoint: Back street to side street to high street to e-street: Sporting betting on the Internet. International Journal of Retail and Distribution Management, 28(6), 22–227.Google Scholar
  9. Ladoucer, R., Blaszczynski, A., & Pelletier, A. (2004). Why adolescent problem gamblers do not seek treatment. Journal of Child and Adolescent Substance Abuse, 13(4), 1–12.Google Scholar
  10. Lesieur, H. R., & Rosenthal, M. D. (1991). Pathological gambling: A review of the literature. Journal of Gambling Studies, 7(1), 5–40.Google Scholar
  11. McGowan, R. (1997). The ethics of gambling research: An agenda for mature analysis. Journal of Gambling Studies, 13(4), 279–289.Google Scholar
  12. McMullan, J. L., & Miller, D. (2009). Wins, winning and winners: The commercial advertising of lottery gambling. Journal of Gambling Studies, 25, 273–295.Google Scholar
  13. Mintel. (2004). The gambler. London: Mintel.Google Scholar
  14. National Centre for Social Research. (2007). British gambling prevalence survey 2007. London: National Centre for Social Research.Google Scholar
  15. Volberg, R. A. (1997). The future of gambling in the United Kingdom. Increasing access creates more problem gamblers. British Medical Journal, 320, 7249, 1556.Google Scholar
  16. Yaffee, R. A., & Brodsky, V. J. (1997). Recommendations for research and public policy in gambling studies. Journal of Gambling Studies, 13(4), 309–316.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.Department of Business and Management StudiesManchester Metropolitan University (MMUC), Manchester Metropolitan UniversityCreweUK
  2. 2.Department of Business and Management Studies at MMUCFaculty of Manchester Metropolitan University, Manchester Metropolitan University (MMUC)CreweUK