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Regulators understand that in any game of chance, the odds are tilted in favour of the house this is how casinos remain profitable. The conference was scheduled to further debate whether internet gambling cannibalizes physical casinos later in the day on Wednesday. Then there is the ongoing debate in the industry over whether internet gambling cannibalizes physical casinos. Legal sites are strictly regulated and offer customer protections, including responsible gambling options like self-imposed time-outs and deposit and activity limits, they said. Last month, Deutsche Bank issued a research note saying it is likely a matter of “when, not if” internet gambling in Atlantic City overtakes revenue from physical casinos.
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“The bigger pachinko operators seem to favour casino legalisation, as they feel recognition of pachinko as a casino operation would follow,” according to Ellsworth. Major pachinko industry names claim that the introduction of casino companies could well present the industry with a chance to return to former glories, although there are some that remain unconvinced by the effects of such an adjustment. One of Japan’s home-grown sectors that could either cash in or crash out as a result of the bill is the pachinko industry, which, despite stringent anti-gambling laws, has managed to skirt the restrictions in quite spectacular fashion. The fight to gain a foothold in the market is understandable, given that the country looks set to become the world’s second-largest gambling market, should the bill pass and conservative estimates of $20bn to $40bn prove accurate.
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