The Arab Spring has resulted in several popular uprisings across the region and the Gaming Commission of Egypt has gone on record against gambling. On 5 July, the Supreme Council for Sports announced plans to ban all forms of gambling from Egypt. This included the entire casinos in the Casino’s city of al-Gabel, including the al-Sibelius Hotel, the Mall of Egypt in Giza, the Grouaf Hotel and the World Trade Center in Cairo. Just two days later, another gambling hall was banned in the city of Damanhour. On 6 July, the Supreme Council for Sports announced plans to ban all forms of gambling from Egypt. This includes the entire casinos in the Casino’s city of al-Gabel, including the al-Sibelius Hotel, the Mall of Egypt in Giza, the Grouaf Hotel and the World Trade Center in Cairo.
These developments come at a time when the economy of Egypt is in turmoil. The main reason that gambling is now banned in Egypt is the presence of gambling halls inside the country’s two largest cities, al-Gabel and Damanhour. Gambling has long been a favorite pastime among Egyptians and many of them would like to see it banned in order to restore their dwindling financial resources. The main problem with gambling is its ability to produce financial profits for casinos while simultaneously causing huge losses to legitimate companies and individuals. This is due to the high house edge, or the difference between expected and actual jackpots.
Gambling is illegal in most countries worldwide and in many instances, it is punishable with prison sentences and hefty fines. However, this has not stopped the continued growth and development of online gambling, particularly in Egypt and other African countries. Despite repeated attempts to draft national laws against gambling, the issue is yet to be resolved. Gambling has emerged as the most prominent form of private entertainment, especially in Africa, despite attempts to ban it. Online roulette is currently the most popular form of online gambling in the world, with more than twelve million daily players.
The gambler makes his/her bets upfront before placing their bets. In order to make an informed bet, a gambler should have basic knowledge about the game he/she is considering to bet on. A gambler can start his/her own thread on an online discussion board dedicated to the game of horse betting wherein fellow players can advise and comment on the bets they plan to place. Gambling has always been associated with luxury in ancient times and these days, many people in Egypt are taking up the sport as a full-time hobby. In fact, many of them even live large sum of money from gambling on a daily basis.
In a simple definition, gambling is the use of luck in deciding the outcome of a certain activity. However, not all gamblers are hucksters; some are experts in their field and believe that there is still a chance for them to come out of their gamble with higher bankrolls. They are more than willing to accept the chance of a higher stake. Most of them also consider the fact that gambling is not as risky as betting on sports.
The main reason why gamblers are ready to take the risk is because they know that at the end of the day, they would still have their capital intact and the casino will not run out of money. Although casinos are sure to have high interest rates, gamblers will still be able to find the best deals in the industry. This is possible through the use of the internet. Casino staff are now well versed with how to deal with internet gamblers because this is one of their most effective marketing tools. As long as the casinos know how to reach out to these potential customers, they would be able to maintain their clientele.