Businesses should be accountable for their environmental practices, whether it is a highly profitable company (e.g., a casino) or not, and print a true account of their activities. They should be regulated on a societal level and more environmentally conscious.
Any entrepreneur who goes into business aims at satisfying the needs of the users or consumers. You provide services that are needed by the consumer and make money. In every business, the customer comes first, and this should always be taken into consideration.
According to Manali, gambling refers to the act of laying a monetary bet on an occurrence with an uncertain result. Gambling is mainly done with the intent of gaining additional money. Gamblers rely on a number of things when making a betting decision. These include the amount to bet, the predictability of the event, and the terms agreed upon by the participants. The experience of a gambler is in the execution of the gamble based on the three parameters above and making a decision about how much to bet and the expected returns.
Some organized religions, like Christianity and some Islam, forbid gambling. Money or wealth should always be acquired through hard work, but not easily. Gambling can have adverse social effects on the gambler, his/her family, and the society at large, and it overweighs people’s social benefits. Gambling may have economic benefits for both the government through the taxes and the business owner, or even provide job opportunities to the citizens; it does not measure the kind of damage it may cause to a human being! Any kind of addiction is not good, whether a positive kind of addiction or not. An individual should be able to have control of everything in their lives. Lack of self-control makes people do things they may later regret and things that may even ruin their lives. People spend time and even money on addictions, which could be wisely used elsewhere.
Negative Effects of Gambling
- Gambling leads to addictions that may result in a thoughtless splurge of money and valuables. This person will end up bankrupt and thus poor.
- The gambler may engage in criminal activities so as to raise money for the games. These kinds of people isolate themselves from other people and society. They may end up dead or in jail for their crimes.
- Addicted gamblers may lose their job due to underperformance. They lose their money and are looking for easier ways of getting more for the next game. Their career is affected because they become irresponsible and may not care about work at all.
- Gamblers habitually display mood changes as well as strange and secretive behavior. They borrow money and take loans to bet the money, which can lead to bankruptcy, and may even lose property and friends too.
At a basic level, gambling and investing are identical activities of wagering on an outcome in an environment of uncertainty. Stockbrokers, stock exchanges, and their wealthy clients benefited from this legal distinction; working-class gamblers and bookmakers did not.
Christine Hurt argues that people benefit from gambling as well as other investments and should be allowed to. She says that it should be legalized but also regulated.
Gambling is a growing kind of business in the world. People, if not well informed, may start as a game, having fun, but it could end in addiction; thus the consequences follow. Gambling like any other business that does not encourage good morals and the upright life of a person, should not be encouraged, especially to the youth or children.