Question

In: Operations Management

Are gambling/wagering agreements sanctioned by Governmental Public Policies? Explain

Are gambling/wagering agreements sanctioned by Governmental Public Policies? Explain

Solutions

Expert Solution

The government of the American states legalizes gambling or wagering agreements. Gambling has undergone a rapid expansion in America after it became legal. It becomes a business entity and frees to offer its wares to those who are interested.

• The government is policing regulation for gambling to maintain its integrity which the games offer. If any individual face any kinds of discrimination during playing, he or she can claim to the government authority. The government actually aims to shield the population of the game from fraud.

• Another concern of the government is a crime. Previously most of the gambling organization was associated with severe crimes and violent acts. Because casinos and other gambling organizations are associated with ge amounts of cash flows, thus it is essential to maintain the transaction details and verify by the government authorities. Legal policies ensure fairness in this regard.

• Government regulation plays a broader and far more important role which is determining the scope of gambling in society and its outcomes. The government ensures to protect the general public from the adverse effects of gambling.


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