Problem Gambling Research Fund – Solutions in Gibraltar
Posted: March 12, 2021
Updated: March 12, 2021
Problematic gambling is still an issue in many countries
The GGCF is a problem gambling research fund
The Gibraltar-based foundation
We can hear stories almost every day about the harms of gambling. There are celebrities, football players and everyday people who lose their fortunes, their houses and so on – due to gambling. Of course, it is barely the operators’ and regulators’ fault that wagers tend to misuse the given opportunities. Still, they have to be the ones to deal with these problems. And this is exactly what the Gibraltar Betting and Gaming Association (GBGA) is willing to do with its problem gambling research fund.
The GBGA just announced its newest quest. They are establishing a foundation, the so-called Gibraltar Gambling Care Foundation, or GGCF. It has been registered as a charity, as its main goal is to minimize gambling harms. The problem gambling research fund will be useful for operators – and their online gambling sites in Gibraltar – for legislators – and last but not least for players as well. If the fund fulfils its aims, everyone it the gaming sector could feel more safe and more conscious. So, let us see what the research and the solutions go as planned.
What is problematic about gambling?
Before we dive into the work of the problem gambling research fund, we should address the root of the problem. We have to admit that when it comes to using something in a harmful way, people can be pretty creative. It is not different with gambling either. Wagers tend to lose control of their gaming. They start with smaller amounts of money and then they just do not care about putting bigger stakes at risk or they do not even realize where they are at.
This is why professional gamblers say that you should risk only the amount of money that you would not miss, if you did not have it. Another tip is to keep this in mind: gambling is not a promise to win. It is just a fun possibility to make some extra on sites like King Billy Casino, if you are lucky. And these two are not nearly the same thing.
The idea of the problem gambling research fund
The main focus of the GGCF is funding research in gambling-related areas. They wish to provide empirically-supported information for the characters of the gaming industry and government regulators. With this, they have different goals. First, they wish to minimize the harms of gambling. They will also address the impact that gambling disorders have on wagers. And last but not least, they will provide effective protection for those gamers who seem to be at risk. Stephan Reyes, the chairman of the GGCF spoke up on the topic. “We are thrilled that the Foundation is up and running and that we can now commence the funding of research into these critically important areas with the support of the University of Gibraltar.”
How the problem gambling research fund works
Initially, the researches will be conducted in the Centre of Excellence in Responsible Gaming (CERG) which will be set up by the University of Gibraltar. There will be councilors guiding the process, like Stephen Reyes and Selvan Soobiah. The corporate counselor is Belvedere Trustees Ltd. The charity is completely independent from Gibraltar’s gaming association. They will conduct researches on the impact of gambling on individuals, as well as families and societies. They will also concern all the negative consequences of gambling, the uncomfortable topic of addiction and other problem behaviors. But after all, the goal is the same: to reduce gambling related abuse with monitoring, well-established data and even practical solutions. Until then, we encourage you to use online casino sites in Gibraltar, like King Billy Casino, always with awareness and keeping our above-mentioned tips in mind!