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Socio-Ecomomic Impact of Gambling on Livelihood of Australian International Students Student Name: Niraj Gurung Student ID : EMV21799 Subject Code: HI6008 (S4) Business Research Lecturer: Seyi Lagoke Table of Contents Introduction …………………………………………3 Project Objective…………………………………….3 Project Scope ………………………………………..3 Literature Review ……………………………………3-6 Conclusion …………………………………………...7 References ……………………………………………7-8 Introduction The last twenty years Australia have seen a lot of progress in the gambling industry. The impact can be observed on both the social and the economic factors of the country. The given research proposal aims to develop an understanding on Socio Economic impact of Gambling on livelihood of Australian International Students. A slow advancement of the once tight controls on the business has prompted expanded accessibility, investment and consumption, and the exponential development of the business itself. This development has been especially solid in locales where gambling and vast urban club have been generally presented, for instance, Canada, the United States, Australia, New Zealand and South Africa For this resesrch paper will include the project objective, the project scope and a literature review to explain what researchers have to say about the topic. Project Objectives The objective of the project is to identify the impact of the gambling on the livelihood of the students living in Australia. It has been identified that many students are either ways being a part of the industry and it is impacting the life through many factors. The project will acknowledge two major factors those are social and economic to develop a better understanding related to the issue. (Ha, N. et al 2015). Project Scope The project will explain the indirect and direct impact that gambling has on the students of Australia. The gambling industry is quite new in Australia so not many researches and studies are conducted o its impact. As Australia is a country that has a large population that is below the age of eighteen it is important that the impact of the industry should be analysed and this will be scope of the proposed study given here. Literature Review A literature review is a compilation of various ideas and suggestions that a peer reviewed author or authors have published through their journal articles. To understand the topic better the ideas of various authors will be compiled here and develop the literature review that will help in knowing the industry and its impact on students better. To start with the topic, it is important to know about the background of the industry in the region. So, for that the findings of Lee and Byun, (2014) is presented who says that gambling in Australia is relatively a new concept as compared to many other countries across the world. They add that the industry has started rooting in early 90s and since then it is growing vigorously. The gambling is just what happens in a casino which many people think. Gambling is done in many forms like lotteries, pool betting, casinos, and gaming bets (Lee and Byun, 2014). In Australia the Commonwealth Government takes the industry with a lot responsibility. Dss.gov.au, (2018) explain on the government website that according to them the gambling in Australia is a major issue as it is growing as a social problem for some people. The inclusion of innovation and technology has changed the Australian Gambling industry majorly. As per the reports it is taken as one of the fastest growing industry in which Online gambling holds the highest position segmenting approximately 15% of the total revenue generated that is $1.4 billion. The digital technology has also enabled the illegal operators to reach the person through various means of communications (Dss.gov.au, 2018). Delfabbro and King, (2012) say that the reports presented by one of the university councils say that approximately 9.1% of the students of their university is involved in heavy gambling. About 3% is taking medical help to come out of the worst of the gambling. The author says that the initial start at gambling is done to have some fun and spend time with friends. When it turns into an addiction and socially and economically starts impacting the students they themselves does not realise (Delfabbro and King, 2012). Gathering the views of various authors, it was clear that though the industry is still new in Australia but its impacts are taking the toll and making the society and government concern about it. Focusing on the social impacts of the gambling various authors have taken it as a beneficial process and as well as a negative process. Gainsbury, (2011) has developed his article on precisely the internet gambling. He says that internet gambling is most of the time is just a time pass that students does while spending their time on the internet. Out of 100 only 5 students have time to come back for more spins. If guided well then, these five will also not have the addiction of the gambling process. Though he agrees that increasing awareness about digital technology is increasing possibility of students getting access to such processes (Gainsbury, 2011). Delfabbro and King, (2012) regarding social impact the author have to say that the students come with free spirit and join the game. The students who get in a habit of regular gambling spend their maximum time either gambling or arranging money to again gamble. It is a game of luck, though there are disperancy on this part as many says that gambling is a jeopardized process, where people are subjected to lose. Students who win some money ones or twice wants to give a try again. But if one is winning the other losses and every day is not same for all. The average count says that out of 100 spins the probability of winning is limited to 3.74% (Delfabbro and King, 2012). As per Mihaylova, Kairouz and Nadeau, (2013) the students suffering from gambling addiction have to face the issues like pathological disorder, compulsive disorder, anxiety, stress, and uncontrolled behaviour issues. Traditionally, gambling addiction was taken as an issue related to addiction and excessive behaviour. But recent findings show that it could lead the student towards social and individual harm. According to Young, Stevens And Morris, (2008) when gambling becomes an addiction or a problem the students find it difficult to afford their basic amenities as they spend their money on gambling process. Getting basic amenities, boarding, food, and lodging also becomes difficult for the student. Identifying it as an issue the studies of the student also suffers (Young, Stevens And Morris, 2008). Moore et al., (2012) says that Australia is a country where the students from all over the world comes down to study for higher degrees. This is the reason that students from multi cultures are found in the country at all times. Though, this is proud fact for Australia, but the attraction that Australian gambling industry is generating for the youngsters affect the migrant students also. In some of the cultures gambling is prohibited and taken as a shameful act. Still, it has been observed that migrants students spend a good amount of time on different gambling processes (Moore et al., 2012). From what we see from worldwide confirmation, it is by all accounts the case tricky recreations and encounters with different types of individuals Hardship, particularly joblessness as well as low-pay individuals. regardless of this it ought to be brought up that these gatherings are not the destined to visit gambling clubs. When they do this, they confront the most serious danger of advancement issues. Socioeconomic profile of the proposed scene from the gambling club with the above advancement, it appears that a few locales might be greater Extent of the populace that may confront advancement opportunity recreations others' issues. On the other hand, there are potential advantages as far as work Inventiveness and monetary recovery: they might be bigger in the district More noteworthy hardship. Research demonstrates that gambling clubs can make full-time affirmations (Dissimilar to different branches of numerous diversion businesses), this isn't right It is important in groups that experience the ill effects of joblessness and underemployment. Monetary advantages are regularly thought adjacent. The amusement office itself. In this sense, the clubhouse is an illustration Give neighborhood business chances to individuals in distraught territories, particularly in places Individuals can't or don't have any desire to movement outside the close-by region occupations. Be that as it may, the business case isn't basic, it isn't the situation What number of these new employments truly go to individuals in require in the neighborhood? They are more. Particularly long haul jobless individuals may do not have the vital aptitudes. By the gambling club, particularly as far as better paid "front work area" work. Gainsbury, (2011) says that gambling is the process that could be done only after reaching the age of eighteen as per government rules. Many of the casinos do not allow any one below the age of eighteen to enter the casinos. But there are many other methods available for students that could be used to play the gamble. Also, there are many illegal operators in the fields who does not care about the person but just about money. They allow minor aged students to gamble their money and when they lose they are thrown out or they are even threatened for it (Gainsbury, 2011). (Lee and Byun, 2014) mistake is not all of the students who are vulnerable to such practices. Casinos, clubs, and hotels earn a huge revenue by operating gambling processes under their roofs. It not only provides the economic strength to the hotels, and casinos but it also provides economic stability to the GDP of the country. This is the reason that taxation policies and managing policies for such gambling practices are not changing or even getting a bit strict especially for the students of Australia (Lee and Byun, 2014). The demand for stricter policies has been going around since the Australian Government has also acknowledged the gambling as a major social issue in Australia. Walker and Sobel, (2016) says that students who becomes the part of the gambling industry becomes addicted to it. There are many issues that arises due it. Financial issue is the common aspect that is known by everyone. As students who participated in such practices need money and this money they beg, steal or borrow from their known ones. Many families have destroyed due to this major social issue taking rise in Australian culture. The youth is the most affected population in Australia by the gambling industry. The aboriginal and Torres islanders have their traditions those stop their youth from such practices. But with the approach these illegal operators have that they have covered a huge demographic population of traditional Australia (Walker and Sobel, 2016). According to Gainsbury, (2011) gambling is not considered as a good practice by any community or society, it is