This year’s GREF Lecture will be held on 6th February 2018, from 17:00 – 19:30. As with previous years, the lecture will be held in conjunction with the ICE Totally Gaming event in London, and will take place in Room 24, South Gallery at the Excel Arena.

This year’s lecture will be given by Dr. Ingo Fiedler of Hamburg University. Dr. Fiedler is an accomplished economist, with research interests spanning across a wide spectrum of gambling activities. He will present research on the social costs of gambling.

The lecture will be followed by a reception with drinks and light snacks. The Lecture is open to GREF members as well as other gambling regulators. Registration is not necessary, though places are limited.
We hope you will be able to join us.

He describes his lecture as follows:

“Gambling provides fun and enjoyment for recreational players, profits for operators and taxes for the state. At the same time gambling can lead to negative consequences for society form of addiction, match fixing, money laundering, and other form of crime. An economic approach to evaluate gambling compares the benefits to the costs to derive the so called welfare effect on society. However, nearly all studies on gambling focus on specific effects and a comprehensive study combining all effects is missing.

In this talk, quantitative results for Germany are presented to evaluate the whole gambling market as well as its segments. Three scenarios are considered: (1) WHO guidelines that assume fully rational consumers and only account for tangible externalities; (2) adding intangible external effects; (3) accounting for partially rational gamblers which and their quasi-externalities. It can be shown that the scenarios lead to different results in order of magnitude, but the ranking of the different forms of gambling is unchanged: Slot machines are by far the most detrimental form of gambling while lotteries actually add to overall welfare.

The results further allow to identify that the major costs of gambling arise in the form of gambling addiction while the main benefits come from the enjoyment of recreational gamblers. It can thus be concluded that gambling regulators can rely on the share of revenues derived from problem gamblers as a proxy for the necessity to intervene in a market and regulate a product.”