Eastern European Business and Economics Journal

The gambling sector: A socio-economic analysis of the case of Italy

 

 

Giuseppina Talamo, Giovanni Manuguerra

 

Talamo G., Manuguerra G. 2016. The gambling sector: A socio-economic analysis of the case of Italy. Eastern European Business and Economics Journal 2(4): 315 - 330.

 

Full text

 

Reviewers:

 

Julius HORVATH, Central European University, Hungary;

Sergii KAVUN, Kharkiv Institute of Banking of the University of Banking of the National Bank of Ukraine, Ukraine;

Rossitsa RANGELOVA, Economic Research Institute at the Bulgarian Academy of Sciences, Bulgaria.

 

Abstract:

Over the years, gambling has been analysed using an interdisciplinary approach. The aim of this paper is to analyse gambling, both as a legal activity as well as an illegal activity in Italy. In recent years, the Italian gambling market has undergone numerous interventions with the progressive legalisation and liberalisation of the sector, resulting in the consequent growth of gambling opportunities. Today the gambling sector is the third biggest industry in Italy. Using recent data, we will analyse gambling in Italy and the relation with taxation of the gambling market as an important source of revenue for the country. Lastly, considering the recent economic recession, we will set two questions concerning policy: does the gambling market have a positive effect on growth, aiding economic recovery and employment? Through an analysis of the data, we will also try to explain what effects it has on civil society, including increased social costs and increased possibility for criminal undertakings.

 

Keywords:

gambling; organised crime; welfare; public policy

 

JEL classification:

L83, K4, D60, L38

 

Language:

English