Final Exam Flashcards
How many Americans gamble in a year
63%
True or false. Class two gaming is regulated and taxes by the legislature of the forum state (the state in which the Charvel casino is located)
False
True or false. The percentage of adults in the United States who are currently pathological gambler is 1%
True
True or false. The common-law definition of a lottery includes the element of chance, prize, and consideration
False but answer is true
True or false. Since no property text right exists in illegal slot or other gambling machines, there is no Due process right to a hearing before it is confiscated and destroyed
True
Patrons disputes in Mississippi are first tried before a jury of the other aggrieved patrons peers
False
True or false. A person who maintains himself or herself mostly through gambling is a vagrant
True
True or false. Over the last 15 years the commercial gaming industry paradigm of doing business has changed and how less then 15% of the revenue generated the casino company from gaming activities
True
True or false. The legislative cycle for a state to adopt commercial game is typically very short less than a year with very little controversy
False
True or false. If someone plays the casino long, their expected to lose less
False
True or false. Approximately 75% of college students gamble in 2011 whether legal or illegal. with about 1% gamble more or more frequently
True
The Department of Justice handed down an opinion in late 2011 stating that the Wire Act applies only to sports wagering, not to the sale of lottery tickets, over the internet, which is widely believed to open the door to federally regulated internet poker - a game of skill exempt from UIGEA - websites operating in the US.
True
The state of New Jersey has passed a law that permits sports betting at New Jersey casinos and racetracks
True
Loss limits are an effective way for the state to control problem gamblers.
False
The UIGEA was passed as stand alone legislation and was thoroughly vetted by members of Congress before being passed into law
False
Mississippi is currently one of the top 3 jurisdiction in the US in terms of gross gaming revenue
false
The regulations of the MS Gaming Commission prohibit gaming activity by guests who are visibly intoxicated.
True
In MS, an intoxicated person who injuries himself/herself does not have a cause of action against the person who served the alcoholic beverages to the intoxicated person.
True
US Commercial Casinos are responsible for 350,000 direct jobs and 470,000 indirect jobs
True
There is a direct correlation between effective tax rate and jobs created: the states which employ the lowest tax rates have created the most casino jobs.
True
Casinos located in limited license commercial gaming jurisdiction pay a lesser tax rate than casinos located in unlimited license jurisdiction.
False
