The concept of enterprises casino play may initially seem like a misnomer, but in reality is a concept that people may as well get used to. This is due to the fact that it is going to be used much more in communications as well as in marketing circles. The first lotteries, after all, were devised in order to raise money for causes, and the concept of enterprises casino game play stems from this original use.
The worldwide gambling industry is worth huge amounts of money. Some countries, such as America have major restrictions placed on online gambling and access to this is prohibited. In the case of the USA, it should come as no surprise that this court case and subsequent legislation prohibiting online casino play, in fact was funded by the land-based casino owners to retain their monopoly.
How Casino Play can be Used for Good
Creating socially beneficial enterprises from casino playing habits has now been used by many countries, and this is becoming ever more frequent. National Lotteries around the world provide significant funding to charities and the arts, and have become major contributors to enterprise funding. The contracts for management of these national lotteries often have strict regulations. There are, nevertheless, additional forms of enterprises casino funding.
Fundraisers and events to raise capital for charity regularly use the gambling theme as a way of getting invitees to contribute money. Some of these events use casino play, effectively setting the enterprise or charity as the house in a casino setting. A night of high gambling entertainment follows, and guests bet on the casino games in the regular way, with the possibility of even winning some money. However, the house odds will be designed to favour the enterprise or cause so that the house receives the bulk of the money. This would then constitute the donations to the enterprise.
Instant Casino Play Options
Another way of raising funds using enterprise casino games is via scratch cards or pop-out cards in the name of the enterprise. The charity or enterprise will register the cards, calculate the sale price of the cards based on the fundraising target and establish a finite number of winners. The profit margins of the fundraising exercise are established in this fashion and often transparently communicated. A number of participants will indeed win money, while the rest of the money gets given to the enterprise. It is incumbent on the social enterprise to ensure that all the cards are sold, the winners remunerated, and rationale for the fundraising communicated.
The Full Social Enterprises Casino
Another development is genuine social enterprises casino establishment by establishing the casino under a non-profit banner. The casino is managed and operated according to international standards, but instead of hoarding profits, these are all given away to established causes. This is a development very popular in Scandinavian countries, as well as Canada, both as a justification for gambling by players as a donation to charity, as well as a social enterprise business model. Using the powerful urge by many people to gamble thus generates charitable funds and income that can then be used for social projects and social good.
Social enterprises casino play may turn out to be one of the best possible solutions for fundraising and the maintenance of a sustainable civil society in many countries.