Sometimes ironclad restrictions do more harm than good

It is an interesting idea to look at countries with the highest per capita GDP and gambling activity. Here is a list of the highest per capita gambling;

Country per Capita GDP 2021in $

Luxembourg $125.92

Ireland $90.47

Switzerland $90.35

Norway $76.40

The United States $66.14

Denmark $63.64

Singapore $62.11

Iceland $58.37

Netherland $58.02

Sweden $57.66

If you compare the above-mentioned table with gambling losses per country, some interesting facts emerge out. Astoundingly nations with the highest per capita GDP are far away regarding gambling losses. Singapore and Ireland are two exceptions. The gambling industry in Ireland is unorganized and unregulated because, out of date, the Gaming and Lottery Act 1956 governs the gambling industry. Under the law, only licensed operators can offer wagering services to citizens. However, the law has become void, as Irish Pound has not been used since 1999. All due fees have not been paid for this reason. There is no feasible way to enforce the Gaming and Lottery Act 1956.

An entry fee of $81 to local people

Singapore is a typical case. Only in 2010 first casino was established in the land of Singapore, but soon surfaced as a global gambling hub. The flourishing gambling industry created mixed responses from the citizens. Many were concerns that ongoing gambling activities will lead to more addiction and financial loss. Because of the widespread disquiet, the Singapore government imposed an entry fee of $81 to local people wishing to visit a casino. A family exclusion order enables a family to restrict the entry of other members into a casino. If you live in Singapore, you need to pay a hefty $81 entrance fee, log in to   918kiss online casino, and play as much as your heart desires. 

Sometimes ironclad restrictions do more harm than good. China and Israel are the two biggest gambling nations to prove this fact. Both countries impose stringent measures to curb gambling activities; both offer a weekly lottery to its citizens, but the choice is very limited due to government regulations. 

Chinese and Israelis are the biggest gambler, factored by hard facts. China is the most populous country, with over 1.4 billion people. When you consider this large population with inherited belief in fate, the wagering interest becomes self-explanatory. Israel is one of the most affluent countries in the world and famous for gambling passion. With high disposable income, they are not afraid to spend a substantial amount on gambling and are considered high rollers. Limitations cause more curiosity, and it can kill the cat.