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| missdior | Apr 19 2018, 02:15 AM Post #1 |
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betting is allowed in many countries of the world. The betting in these countries has evolved over a period of time Women's Riley Reiff Jersey , in some cases even centuries. The long gestation period of the sports and the associated betting has permitted the organization and fine tuning of regulations for controlling the sport betting in those countries. This has been possible to accommodate the changing perceptions and responses of the people to the wagering and also the newer technologies. Even where the wagering on sports is allowed, the government does not give them a free hand to do whatever they want. It has to maintain a very strict control over the operations of different actors in this field to ensure that they do adhere to the regulations. The necessity of the control is essential for the following reasons: 1. Keeping the spirit of sport alive: The first and foremost concern among the regulators is that the wagering activities have a tendency to engulf the players and its officials in its embrace. Greed has always been a factor that could result in burial of sporting ethos and going for money. This hurts the very spirit of sports which is to work to the best your physical and mental abilities. Sports, it is said, develop the character of a nation. The people who watch or hear about the sporting events feel cheated when they hear about greedy players getting mixed up with punters to play less than their ability for money. The role of regulators is to ensure that sports betting keep away from the people associated with sports. 2. The regulatory framework is also required to make sure that money from illegal channels like drug trafficking, terrorism Women's Latavius Murray Jersey , etc does not flow into the markets. For, if this were to happen, the players can easily succumb to the pressures and threats which will make them engage in match-fixing. The profits from wagering in some of the sports are very high. This could mean that the winnings money is used by anti-social elements and terrorists to further their agendas. Checks by different agencies on different players and officials are to make sure that they are not influenced by these elements and motives. 3. To encourage fair sport betting: Sports betting is done by people from all sections of the society. If the regulations were not strong, there would be a far greater number of complaints and litigation actions due to cheating and frauds. The bookmakers might delay the payoffs for long periods of time. The instances of bookies vanishing overnight defrauding the punters could have increased far more. Similarly, there could be other incidents of white-collar crimes. In the countries where these are allowed Women's Case Keenum Jersey , the regulatory controls are well laid out and documented for each sport. These detailed rules are meant to cover the whole gamut of sporting activities and in all its aspects. These are crucial to prevent development of chaos in the society and to ensure that the productivity of the nation and socio-economic fabric of the society is not adversely affected with rampart sports betting. GENEVA, March 11 (Xinhua) -- The unveiling on Monday of the long-awaited Apple Watch has caused Switzerland's famed watch industry to have mixed feelings, concerns and responses. While some said the competition might put a lot of pressure on traditional watchmakers in Switzerland and signal an impending so-called ice age for the classic wristwatch, others were less worried, arguing that the Apple watch Women's Danielle Hunter Jersey , which should reach the market next month, is essentially a "shrunken smartphone" or an "electronic watch" and would provide little in the way of rivalry. "Smartwatches represent a challenge to the Swiss watch industry that is comparable to the appearance of quartz technology, we cannot ignore this tsunami that is coming closer," Guy Semon, general manager of French luxury goods group LVMH Women's Eric Kendricks Jersey , whose portfolio includes the famous Swiss watchmaker TAG Heuer, told media. Swatch co-inventor Elmar Mock also showed his deep concern for the Swiss watch industry. Mock predicted the Apple watch may reach sales of 20 million to 30 million units annually in the first few years and soon become the largest watch producer in the world, putting the jobs of many Swiss watch workers in danger. In a bid to compete with the Apple watch, Swiss watchmakers such as Tag Heuer, Swatch and several others have already started their own smartwatch plan. However Women's Trae Waynes Jersey , there seem to be more optimistic voices. "I don't see it as a threat to us," a senior sales employee from Patek Philippein told Xinhua, "you spend 10,000 U.S. dollars on a Swiss watch knowing it will keep its value even 100 years later, but the Apple watch? Maybe after one or two years you will want to replace it." In a recent interview with media Women's Laquon Treadwell Jersey , Thierry Stern, chairman of Patek Philippe, also said he didn't see smartwatches posing much of a danger to his company. As the company's newest device in years, Apple Watch works mostly with iPhone and its price will range from 349 U.S. dollars for the basic model to 17,000 U.S. dollars for the high-end product Women's Ben Gedeon Jersey , while the price for a Pateck Philippe watch usually starts from 10,000 U.S. dollars each and can be as high as 1 million U.S. dollars. "Generally speaking, no one buys a Swiss watch just for the time; Luxury is its own commodity," a watch shop owner in Geneva said, adding that he thought the Apple Watch would certainly cause some stir Women's Jaleel Johnson Jersey , but the smartwatch series as a whole would not bring a huge competition. "People are still fond of our Rolex, Patek and Cartier watches. The traditional, timeless pieces that can be passed from one generation to the next remain coveted and collected," said the shop owner who declined to give his name. According to a recent Credit Suisse report, Switzerland enjoys a near-monopoly position in the luxury segment of the watch industr. |
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2:57 AM Jul 11