Legal standards in gambling

Description

The legal requirements, rules and limitations in gambling and betting activities.

Alternative labels

legal standards in gambling
legal standards in betting
gambling legal standards
legal requirements in gambling

Skill type

knowledge

Skill reusability level

sector-specific

Relationships with occupations

Essential knowledge

Legal standards in gambling is an essential knowledge of the following occupations:

Gambling, betting, and lottery games designer: Gambling, betting, and lottery games designers design innovative gambling, betting and lottery games. They determine the design, gaming rules or structure of a game. Gambling, betting, and lottery games designers may also demonstrate the game to individuals.
Gambling, betting, and lottery game developer: Gambling, betting, and lottery game developers create, develop and produce content for new lottery and similar games for large audiences.
Gaming inspector: Gaming inspectors, have the ability to deal and inspect all the respective games and carry out all gaming operations to the highest possible standards of efficiency, security and customer service in accordance with company procedures and current legislation. Their responsibility is to oversee all the irrespective games played, and ensure that rules are adhered to and players don’t cheat. They are responsible for the maintenance of the equipment and handle all customer questions and complaints.
Gambling, betting, and lottery quality assurance engineer: Gambling, betting and lottery quality assurance engineers design and plan methods to test the gambling, the lottery or betting games. They execute the tests. These games can be both for public or for private audience, and the tests are for both online and land-based gaming.
Odds compiler: Odds compilers compile the odds in gambling. They are employed by a bookmaker, betting exchange, lotteries and digital/on-line as well as casinos who sets the odds for events (such as sporting outcomes) for customers to place bets on. Apart from pricing markets, they also engage in any activity regarding the trading aspects of gambling, such as monitoring customer accounts and the profitability of their operations. An odds compiler may be required to monitor the financial position the bookmaker is in and adjust their position (and odds) accordingly. They may also be consulted as to whether to accept a bet or not.
Director of compliance and information security in gambling: Directors of compliance and information security in gambling follow the regulatory compliance for gambling and oversee Information Security to ensure secure and safe use of all information technology associated in gambling.
Lottery operator: Lottery operators run the day-to-day functions of lotteries. They verify and enter data into the system, prepare reports and assist the forwarding of company equipment. They operate the communication tools used. Operators install, tear down and maintain equipment.

Optional knowledge

Legal standards in gambling is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.

Lottery cashier: Lottery cashiers exchange the registration of set of numbers or symbols for money and give tickets to the players. They pay out prizes and obtain customers’ signatures and identification. They audit and count money in the cash register, enforcing regulations to prevent money laundering.
Casino cashier: Casino cashiers exchange tokens, coins or chips for money. They arrange pay-outs and obtain customers’ signatures and identification. They audit and count money in a cash register, enforcing money laundering regulations.

 


 

References

  1. Legal standards in gambling – ESCO

 

Last updated on September 20, 2022

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