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Bernard W. Dempsey, S. In a centralized economy, currency is issued by a central bank at a rate that is supposed to match the growth of the amount of goods that are exchanged so that these goods can be traded with stable prices. The monetary base is controlled by a central bank.

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Through these regulations other gaming activities, besides betting, were introduced. These new regulations have ensured that not only those who are highly interested in the commercial and tax advantages offered by Cyprus, are satisfied, but even those who are concerned that there could be a proliferation of under-regulated Cypriot licensed sites. A system of checks and balances was effectively created: an advantageous and competitive regime on one hand and regulation and seriousness on the other.

Through this system, the Cypriot government ensured that the regulations would offer protection to the players, whilst at the same time, excessive bureaucracy and red-tape are avoided, hence enhancing Cyprus's reputation as a reputable financial services jurisdiction.

Provided that in all cases the total maximum of tax payable per annum by one licensee in respect of any one license shall not exceed Lm, These were presented to the LGA in November and are now awaiting final approval. Licence Applications. Online Betting Operations - a sum equivalent to 0.

Online Betting Exchanges - a sum equivalent to 0. Pool betting — a sum equivalent to half of one per centum 0. The Cyprus Remote Gaming Regulations have undergone a major revamp. Contact Us. Adolesc Health Med Ther. Published online Mar 2. Georgios D Floros. Author information Copyright and License information Disclaimer.

This work is published and licensed by Dove Medical Press Limited. By accessing the work you hereby accept the Terms. Non-commercial uses of the work are permitted without any further permission from Dove Medical Press Limited, provided the work is properly attributed. This article has been cited by other articles in PMC.

Keywords: adolescence, gambling disorder. Introduction Adolescent gambling has come into focus since the seminal paper of Lesieur and Klein 1 reported high percentages of both incidence and prevalence rates, for some form of gambling, among New Jersey high-school students. Worldwide prevalence rates of problem gambling A recent systematic review of published national studies up to reported that problem gambling prevalence rates in North America ranged from 2.

Table 1 Adolescent gambling studies with prevalence data since Incidence during the month was Having a relative with gambling problems predicted at-risk gambling. Both living with only one parent, or not living with parents at all, and playing on electronic gambling machines in the last year were associated with problem gambling Huic et al 81 1, Croatian high-school girls 7.

Open in a separate window. Favored forms of gambling among adolescents and the impact of the Internet Although adolescents do indulge in forms of gambling that are popular among adults including games of cards like poker, sports wagering, dice, and board games, betting on games of personal or peer skill, buying lottery tickets, wagering or placing bets with a bookmaker , there has been a steady increase in adolescents turning to novel forms of gambling via the Internet.

Commercial and simulated gambling Gambling opportunities may or may not include gambling with actual money and can thus be harder to study and regulate. Risk and protective factors for adolescent gambling A main goal of all prevalence studies is to establish possible risk and protective factors for the studied issue. Adolescent neurobiological susceptibility to gambling Adolescents are apparently prone to seeking out gambling experiences due to differences in neurobiology, when compared to adults.

Reported motives for gambling Moving from population data to the level of individual cognitions and beliefs, there is significant variability as to the underlying motivations implicated with entry into gambling, increased involvement, and continued gambling, in spite of negative consequences brought from repeated losses. Psychiatric comorbidity in adolescent gambling As early as , a number of studies started demonstrating considerable comorbidity of gambling, delinquency, and both licit and illicit drug use; in a sample of 4, adolescents aged 11—16 years, results indicated that adolescent gamblers, when compared with non-gamblers, were significantly more likely to drink alcohol, smoke tobacco, and take illicit drugs.

Prevention and treatment challenges Given that there is significant prevalence for adolescent problem gambling and numerous adverse effects associated with it, prevention and treatment efforts have become even more important for this age group. Conclusion and suggestions for future research Although more than twenty years have elapsed since the early research reports on adolescent gambling, there has been little progress in the standardization of prevention and treatment efforts.

Footnotes Disclosure The author reports no conflicts of interest in this work. References 1. Lesieur HR, Klein R. Pathological gambling among high school students. Addict Behav. National Research Council. Pathological Gambling: A Critical Review. Social casino gaming and adolescents: should we be concerned and is regulation in sight?

Int J Law Psychiatry. Griffiths MD, Parke J. Adolescent gambling on the Internet: a review. Int J Adolesc Med Health. Understanding the psychology of mobile gambling: a behavioural synthesis. Br J Psychol. Gambling content in Facebook games: a common phenomenon? Comput Human Behav. Early exposure to digital simulated gambling: a review and conceptual model. American Psychiatric Association.

Adolescent gambling and problem gambling: prevalence, current issues, and concerns. Curr Addict Rep. Psychosocial variables associated with adolescent gambling. Psychol Addict Behav. Winters KC, Anderson N. Gambling involvement and drug us among adolescents. J Gambl Stud. Co-morbidity between gambling problems and depressive symptoms: a longitudinal perspective of risk and protective factors. Problem gambling symptomatology and alcohol misuse among adolescents: a parallel -process latent growth curve model.

Yeoman T, Griffiths M. Adolescent machine gambling and crime. J Adolesc. Toward the development of an adolescent gambling problem severity scale. Fisher S. Measuring pathological gambling in children: the case of fruit machines in the UK.

Psychol Rep. Gamblers Anonymous. Griffiths M. Internet gambling: issues, concerns, and recommendations. Cyberpsychol Behav. Derevensky JL, Gupta R. Internet gambling amongst adolescents: a growing concern. Int J Ment Health Addict. Raylu N, Oei TP. Role of culture in gambling and problem gambling. Clin Psychol Rev. Country and individual level determinants of probable problematic gambling in adolescence: a multi-level cross-national comparison.

A cross-cultural study of gambling behaviour among adolescents. Prensky M. Digital natives, digital immigrants part 1. On the Horiz. Adolescent simulated gambling via digital and social media: an emerging problem. Convergence of Gambling and Gaming in Digital Media. Mcbride J, Derevensky J. Internet gambling and risk-taking among students: an exploratory study. J Behav Addict.

A qualitative examination of online gambling culture among college students: factors influencing participation, maintenance and cessation. May 27—31, Practice makes poorer: practice gambling modes and their effects on real-play in simulated roulette. Exposure to free-play modes in simulated online gaming increases risk-taking in monetary gambling.

Kaplan AM, Haenlein M. The fairyland of Second Life: virtual social worlds and how to use them. Bus Horiz. Transition from playing with simulated gambling games to gambling with real money: a longitudinal study in adolescence. Int Gambl Stud.

Who spends money to play for free? Identifying who makes micro-transactions on social casino games and why J Gambl Stud. Machkovech S. Ars Technica. Convergence of gambling and gaming: implications. World Online Gambl Law Rep. Adolescent online gambling: the impact of parental practices and correlates with online activities.

McBride J, Derevensky J. Gambling and video game playing among youth. J Gambl Issues. An international perspective on youth gambling prevalence studies. Early risk and protective factors for problem gambling: a systematic review and meta-analysis of longitudinal studies. Incentive-elicited brain activation in adolescents: similarities and differences from young adults. J Neurosci. Earlier development of the accumbens relative to orbitofrontal cortex might underlie risk-taking behavior in adolescents.

Neural substrates of choice selection in adults and adolescents: development of the ventrolateral prefrontal and anterior cingulate cortices. Amygdala and nucleus accumbens in responses to receipt and omission of gains in adults and adolescents. Childhood neglect and parental care perception in cocaine addicts: relation with psychiatric symptoms and biological correlates. Neurosci Biobehav Rev. Milosevic A, Ledgerwood DM. The subtyping of pathological gambling: a comprehensive review. Validation of the gambling motives questionnaire in emerging adults.

How do impulsivity traits influence problem gambling through gambling motives? Griffiths M, Sutherland I. Adolescent gambling and drug use. J Community Appl Soc Psychol. Problem gambling among Ontario students: associations with substance abuse, mental health problems, suicide attempts, and delinquent behaviours. Cheung NWT. Low self-control and co-occurrence of gambling with substance use and delinquency among Chinese adolescents.

Excessive gambling and substance abuse: is there a relationship? J Subst Use. Anxiety and social stress related to adolescent gambling behavior and substance use. J Child Adolesc Subst Abuse. Harm reduction for the prevention of youth gambling problems: lessons learned from adolescent high-risk behavior prevention programs.

J Adolesc Res. Systematic review of empirically evaluated school-based gambling education programs. Adolescents with gambling problems: a synopsis of our current knowledge. Gupta R, Derevensky JL. Gambling Problems in Youth. Springer; Cham, Switzerland: A treatment approach for adolescents with gambling problems; pp. Hayer T, Griffiths MD. Cognitive-behavioral treatment for adolescent pathological gamblers.

Behav Modif. Cosenza M, Nigro G. Wagering the future: cognitive distortions, impulsivity, delay discounting, and time perspective in adolescent gambling. Cognitive restructuring of gambling-related thoughts: a systematic review.

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These new Remote Gaming Regulations were effectively published and entered into force in April Through these regulations other gaming activities, besides betting, were introduced. These new regulations have ensured that not only those who are highly interested in the commercial and tax advantages offered by Cyprus, are satisfied, but even those who are concerned that there could be a proliferation of under-regulated Cypriot licensed sites.

A system of checks and balances was effectively created: an advantageous and competitive regime on one hand and regulation and seriousness on the other. Through this system, the Cypriot government ensured that the regulations would offer protection to the players, whilst at the same time, excessive bureaucracy and red-tape are avoided, hence enhancing Cyprus's reputation as a reputable financial services jurisdiction.

Provided that in all cases the total maximum of tax payable per annum by one licensee in respect of any one license shall not exceed Lm, These were presented to the LGA in November and are now awaiting final approval. Licence Applications. Online Betting Operations - a sum equivalent to 0. Online Betting Exchanges - a sum equivalent to 0.

Pool betting — a sum equivalent to half of one per centum 0. The Cyprus Remote Gaming Regulations have undergone a major revamp. Favored forms of gambling among adolescents and the impact of the Internet Although adolescents do indulge in forms of gambling that are popular among adults including games of cards like poker, sports wagering, dice, and board games, betting on games of personal or peer skill, buying lottery tickets, wagering or placing bets with a bookmaker , there has been a steady increase in adolescents turning to novel forms of gambling via the Internet.

Commercial and simulated gambling Gambling opportunities may or may not include gambling with actual money and can thus be harder to study and regulate. Risk and protective factors for adolescent gambling A main goal of all prevalence studies is to establish possible risk and protective factors for the studied issue.

Adolescent neurobiological susceptibility to gambling Adolescents are apparently prone to seeking out gambling experiences due to differences in neurobiology, when compared to adults. Reported motives for gambling Moving from population data to the level of individual cognitions and beliefs, there is significant variability as to the underlying motivations implicated with entry into gambling, increased involvement, and continued gambling, in spite of negative consequences brought from repeated losses.

Psychiatric comorbidity in adolescent gambling As early as , a number of studies started demonstrating considerable comorbidity of gambling, delinquency, and both licit and illicit drug use; in a sample of 4, adolescents aged 11—16 years, results indicated that adolescent gamblers, when compared with non-gamblers, were significantly more likely to drink alcohol, smoke tobacco, and take illicit drugs.

Prevention and treatment challenges Given that there is significant prevalence for adolescent problem gambling and numerous adverse effects associated with it, prevention and treatment efforts have become even more important for this age group. Conclusion and suggestions for future research Although more than twenty years have elapsed since the early research reports on adolescent gambling, there has been little progress in the standardization of prevention and treatment efforts.

Footnotes Disclosure The author reports no conflicts of interest in this work. References 1. Lesieur HR, Klein R. Pathological gambling among high school students. Addict Behav. National Research Council. Pathological Gambling: A Critical Review. Social casino gaming and adolescents: should we be concerned and is regulation in sight? Int J Law Psychiatry. Griffiths MD, Parke J. Adolescent gambling on the Internet: a review. Int J Adolesc Med Health.

Understanding the psychology of mobile gambling: a behavioural synthesis. Br J Psychol. Gambling content in Facebook games: a common phenomenon? Comput Human Behav. Early exposure to digital simulated gambling: a review and conceptual model. American Psychiatric Association. Adolescent gambling and problem gambling: prevalence, current issues, and concerns.

Curr Addict Rep. Psychosocial variables associated with adolescent gambling. Psychol Addict Behav. Winters KC, Anderson N. Gambling involvement and drug us among adolescents. J Gambl Stud. Co-morbidity between gambling problems and depressive symptoms: a longitudinal perspective of risk and protective factors. Problem gambling symptomatology and alcohol misuse among adolescents: a parallel -process latent growth curve model. Yeoman T, Griffiths M. Adolescent machine gambling and crime.

J Adolesc. Toward the development of an adolescent gambling problem severity scale. Fisher S. Measuring pathological gambling in children: the case of fruit machines in the UK. Psychol Rep. Gamblers Anonymous. Griffiths M. Internet gambling: issues, concerns, and recommendations. Cyberpsychol Behav. Derevensky JL, Gupta R. Internet gambling amongst adolescents: a growing concern. Int J Ment Health Addict. Raylu N, Oei TP. Role of culture in gambling and problem gambling. Clin Psychol Rev.

Country and individual level determinants of probable problematic gambling in adolescence: a multi-level cross-national comparison. A cross-cultural study of gambling behaviour among adolescents. Prensky M. Digital natives, digital immigrants part 1. On the Horiz. Adolescent simulated gambling via digital and social media: an emerging problem. Convergence of Gambling and Gaming in Digital Media.

Mcbride J, Derevensky J. Internet gambling and risk-taking among students: an exploratory study. J Behav Addict. A qualitative examination of online gambling culture among college students: factors influencing participation, maintenance and cessation. May 27—31, Practice makes poorer: practice gambling modes and their effects on real-play in simulated roulette. Exposure to free-play modes in simulated online gaming increases risk-taking in monetary gambling.

Kaplan AM, Haenlein M. The fairyland of Second Life: virtual social worlds and how to use them. Bus Horiz. Transition from playing with simulated gambling games to gambling with real money: a longitudinal study in adolescence. Int Gambl Stud. Who spends money to play for free? Identifying who makes micro-transactions on social casino games and why J Gambl Stud. Machkovech S. Ars Technica. Convergence of gambling and gaming: implications. World Online Gambl Law Rep.

Adolescent online gambling: the impact of parental practices and correlates with online activities. McBride J, Derevensky J. Gambling and video game playing among youth. J Gambl Issues. An international perspective on youth gambling prevalence studies. Early risk and protective factors for problem gambling: a systematic review and meta-analysis of longitudinal studies. Incentive-elicited brain activation in adolescents: similarities and differences from young adults. J Neurosci. Earlier development of the accumbens relative to orbitofrontal cortex might underlie risk-taking behavior in adolescents.

Neural substrates of choice selection in adults and adolescents: development of the ventrolateral prefrontal and anterior cingulate cortices. Amygdala and nucleus accumbens in responses to receipt and omission of gains in adults and adolescents. Childhood neglect and parental care perception in cocaine addicts: relation with psychiatric symptoms and biological correlates. Neurosci Biobehav Rev.

Milosevic A, Ledgerwood DM. The subtyping of pathological gambling: a comprehensive review. Validation of the gambling motives questionnaire in emerging adults. How do impulsivity traits influence problem gambling through gambling motives? Griffiths M, Sutherland I. Adolescent gambling and drug use. J Community Appl Soc Psychol. Problem gambling among Ontario students: associations with substance abuse, mental health problems, suicide attempts, and delinquent behaviours.

Cheung NWT. Low self-control and co-occurrence of gambling with substance use and delinquency among Chinese adolescents. Excessive gambling and substance abuse: is there a relationship? J Subst Use. Anxiety and social stress related to adolescent gambling behavior and substance use.

J Child Adolesc Subst Abuse. Harm reduction for the prevention of youth gambling problems: lessons learned from adolescent high-risk behavior prevention programs. J Adolesc Res. Systematic review of empirically evaluated school-based gambling education programs. Adolescents with gambling problems: a synopsis of our current knowledge. Gupta R, Derevensky JL. Gambling Problems in Youth. Springer; Cham, Switzerland: A treatment approach for adolescents with gambling problems; pp. Hayer T, Griffiths MD.

Cognitive-behavioral treatment for adolescent pathological gamblers. Behav Modif. Cosenza M, Nigro G. Wagering the future: cognitive distortions, impulsivity, delay discounting, and time perspective in adolescent gambling. Cognitive restructuring of gambling-related thoughts: a systematic review.

Youth Gambling: The Hidden Addiction. Walter de Gruyter; Berlin, Germany: Adolescent problem gambling: pharmacological treatment options. Empirical measures vs. Griffiths M, Wood RT. Risk factors in adolescence: the case of gambling, videogame playing, and the Internet. Gambling, delinquency, and drug use during adolescence: mutual influences and common risk factors. Youth gambling behavior: novel approaches to prevention and intervention.

Dickerson MG. Compulsive Gamblers. Internet gambling among high school students in Hong Kong. Examining potential school contextual influences on gambling among high school youth. Am J Addict. At-risk and problem gambling among adolescents: a convenience sample of first-year junior high school students in Finland. Subst Abuse Treat Prev Policy. Adolescent online gambling in Cyprus: associated school performance and psychopathology.

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