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KU9: Corporate Social Responsibility in the Online Gambling Sector As a robustness check, we also use the actual CPR (Actual CPR) based on the two actual reference years 2000 and 2010 that coincide with our sample period without back-filling and interpolation. Kumar (2009) and Kumar et al. (2011) introduce a religious composition, Catholics-to-Protestants ratio (CPR), as a proxy for the local gambling attitudes. They find that in regions with higher CPR, institutional investors tend to hold larger lottery-type stocks, employees tend to receive greater stock option grants, and initial day return following the IPO tend to be higher. Local gambling behavior also affects the risk-taking of mutual funds measured by fund return volatilities (Shu et al. 2012) and greater households’ participation in the stock market (Kim et al. 2021). Corporate Social Responsibility “A Commitment of all for the development and Sustainability of the Gambling Sector” For instance, U.S. consumer trust in Big Pharma remains low, despite the industry’s reported contributions to ending the COVID-19 pandemic. This can include sponsoring local events, volunteering employee time, or making financial contributions to organisations that align with the company’s values. Casinos are adopting stringent compliance measures to ensure transparency and fairness in their operations. This database has been widely used in previous studies (Hrazdil et al. 2022; Jo and Harjoto 2012; Mattingly and Berman 2006; Godfrey et al. 2009). Notwithstanding the worth of working through the first section of this chapter the reader is invited to skim it initially and move quickly to the main section of the chapter concerning Research Practice Within the Constructivist Framework. While Canada may not have a domestic jurisdiction for casino gambling, the excitement and rewards of online gaming are still within reach. By choosing reputable international online casinos, Canadian players can enjoy a safe, secure, and exhilarating gaming experience. Problem gambling is one of the rising issues that have had fingers of accusation pointed at the iGaming industry and gambling operators following the high rate of young adult involvement. Welcome to our exploration of Corporate Social Responsibility and Ethical Practices in the iGaming Industry. By promoting responsible gambling, companies can help to reduce the prevalence of problem gambling and ensure that their customers are able to enjoy their products in a safe and responsible manner.Another important aspect of CSR in the online gambling sector is ensuring that companies are operating ethically and transparently. This can include being open and honest about their business practices, as well as ensuring that they are compliant with all relevant regulations and laws. This can include supporting local charities and organizations, as well as investing in initiatives that benefit the wider community. By promoting responsible gambling, operating ethically and transparently, and giving back to the community, companies can help to create a safer and more sustainable industry for all stakeholders involved. CSR in iGaming is expected to continue its evolution, with companies embracing broader and more impactful initiatives. Beyond responsible gaming and philanthropy, the industry is likely to explore new avenues for societal contribution, such as sustainability initiatives and community development projects. The focus will shift from compliance-driven CSR to genuine, purpose-driven engagement with social and environmental causes. Such technology-driven approach will enable companies to offer personalized support to players with potential gambling issues. Implementing Responsible Gambling Practices We also find that local gambling attitudes are more positively and more strongly related to institutional CSR than technical CSR. Therefore, we find empirical evidence that firms’ CSR activities are positively related to gambling attitudes. We measure return skewness using CRSP daily returns with 5-year moving average and calculate mean skewness in a given year. We are a comprehensive casino guide providing expats a reliable source of gambling information in Asia to keep them on the loop even when they are on the go. We start our data compilation from the MSCI ESG Stats database (formerly known as the Kinder, Lyndenberg, and Domini Research and Analytics Inc. or KLD Stats), which contain yearly CSR ratings of large U.S. public companies since 1991. This database has been widely used in previous studies (Hrazdil et al. 2022; Jo and Harjoto 2012; Mattingly and Berman 2006; Godfrey et al. 2009). Kindbridge is the first-of-its-kind platform in the USA that will work with your gaming organization to create and manage a program that protect players from problematic gambling. Given time, this will usually come around to bite the perpetrator of the thinking as well. The £500,000-penalty issued to the Rank Group for its inappropriate treatment of a VIP with problem gambling issues is a perfect case in point. The customer was visited at their home during a self-exclusion period, which – quite naturally – the UK Gambling Commission deemed inappropriate. Through these strategic alliances, iGaming companies harness their expertise and resources to address pressing social issues. Whether it’s combating poverty, advancing healthcare access, or advocating for social justice, these partnerships amplify the industry’s capacity to drive meaningful change. Join us on this enlightening journey as we navigate the multifaceted world of CSR and ethics within the iGaming industry. Discover how these principles are not only shaping the business landscape but also leaving a lasting impact on society at large. Together we’ll uncover the delicate balance that companies in this field must strike, ensuring their actions reflect a genuine commitment to the welfare of their customers, communities and the planet. They work with these local communities to point out and note the areas where help is needed. Below we explore how industry leaders are embracing ethical practices to promote responsible gaming, contribute to social causes, and adopt environmentally sustainable approaches. These endeavors extend beyond mere corporate image-building, fostering enduring trust and loyalty among customers. One of the primary focuses of CSR in the casino sector is promoting responsible gambling. Casinos have introduced various programs and tools designed to help players gamble responsibly. In Touch Games faced substantial fines from the UK Gambling Commission (UKGC) for failings related to social responsibility and anti-money laundering processes. It led to the suspension