Frank Fahrenkopf Jr., president of the land-based casino organ American Gaming Association, said that he doesn't believe optimistic comments that the recession is over. He told the listeners that the industry collaboration is crucial; without it, the responsible gaming activities would have been futile. By sharing resources and best practices – and, perhaps most importantly, by sharing a commitment to responsible gaming – the industry has achieved tremendous progress.
“We know that the vast majority of Americans and Canadians who gamble do so recreationally without adverse consequences. By encouraging them to “Keep it Fun,” we remind them to play responsibly and to keep gambling what it should be – entertainment. ” said Frank Fahrenkopf Jr.
During his address, Fahrenkopf said there have been several positive signs the casino industry is on the road to recovery. Year-over-year gaming revenues are up in Colorado, Missouri and Indiana, thanks in part to more liberalized gaming regulations. New casinos have opened in Pennsylvania, and the state is looking at adding table games to the slot machine-only market.
"Without a doubt, the gaming industry is facing a long road to recovery, however, I consider these results a sign that there is optimism within our industry that we are turning a corner." Fahrenkopf said.
Fahrenkopf said also in his address that in a 2008 study from the Research Institution on Addictions at the University of Buffalo revealed just how frequently young people in the U.S. are gambling. More than two-thirds of the sample – 68% – gambled in the past year. Also, 11% of respondents gambled twice per week. This study also found that more than 6% of the sample included at-risk problem gamblers, and more than 2% already were pathological gamblers.
“We know that the vast majority of Americans and Canadians who gamble do so recreationally without adverse consequences. By encouraging them to “Keep it Fun,” we remind them to play responsibly and to keep gambling what it should be – entertainment. Ultimately, though the U.S. and Canadian approaches to responsible gaming differ, I believe that we both have made a significant impact. And there still is quite a bit of work to be done. We must continue to be vigilant in our efforts to ensure that people gamble safely and responsibly. I look forward to our continued dialogue and to the success and discovery we have still yet to achieve.” said Frank Fahrenkopf Jr.
Fahrenkopf said attention in the gaming industry is focused on what he said would be the biggest gaming industry story of 2010 -- online gambling. In the group's survey, 39% of the respondents thought the legalization and regulation of Internet gaming would dominate the news. There are two bills in Congress concerning the topic.
“We know that the vast majority of Americans and Canadians who gamble do so recreationally without adverse consequences. By encouraging them to “Keep it Fun,” we remind them to play responsibly and to keep gambling what it should be – entertainment. ” said Frank Fahrenkopf Jr.
During his address, Fahrenkopf said there have been several positive signs the casino industry is on the road to recovery. Year-over-year gaming revenues are up in Colorado, Missouri and Indiana, thanks in part to more liberalized gaming regulations. New casinos have opened in Pennsylvania, and the state is looking at adding table games to the slot machine-only market."Without a doubt, the gaming industry is facing a long road to recovery, however, I consider these results a sign that there is optimism within our industry that we are turning a corner." Fahrenkopf said.
Fahrenkopf said also in his address that in a 2008 study from the Research Institution on Addictions at the University of Buffalo revealed just how frequently young people in the U.S. are gambling. More than two-thirds of the sample – 68% – gambled in the past year. Also, 11% of respondents gambled twice per week. This study also found that more than 6% of the sample included at-risk problem gamblers, and more than 2% already were pathological gamblers.
“We know that the vast majority of Americans and Canadians who gamble do so recreationally without adverse consequences. By encouraging them to “Keep it Fun,” we remind them to play responsibly and to keep gambling what it should be – entertainment. Ultimately, though the U.S. and Canadian approaches to responsible gaming differ, I believe that we both have made a significant impact. And there still is quite a bit of work to be done. We must continue to be vigilant in our efforts to ensure that people gamble safely and responsibly. I look forward to our continued dialogue and to the success and discovery we have still yet to achieve.” said Frank Fahrenkopf Jr.
Fahrenkopf said attention in the gaming industry is focused on what he said would be the biggest gaming industry story of 2010 -- online gambling. In the group's survey, 39% of the respondents thought the legalization and regulation of Internet gaming would dominate the news. There are two bills in Congress concerning the topic.
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