Latest News
Exploring the Psychology of Gambling: Why is it So Appealing?

Gambling is an activity that people from all walks of life have enjoyed for centuries. Despite its potential risks, it draws in millions of participants annually. As it turns out, there are many reasons why gambling may be so appealing to so many people.
It’s worth noting that it’s important to play only on reputable gambling platforms that take security and player safety seriously. For a good rundown on the industry, a great resource is the American Gambler as it is the one-stop destination to discover the top sports betting sites, online casinos and other vital resources.
Before diving into the psychology of gambling, it may be beneficial to look back through the history of gambling, to see how it got to where it is today.
A look at the history and culture of gambling
With evidence of it being found in ancient civilizations such as Egypt, China, and Rome, it is believed that gambling has been around for centuries, perhaps even millennia. Historians believe that the first form of gambling was a game of chance involving dice, which dates back to around 3000 BC.
In modern times, gambling has become even more widespread and accepted in many cultures worldwide. Online gambling allows people from all walks of life to participate without having to leave their homes.
Decoding the psychology of gambling
Gambling has been a popular pastime throughout the ages. But why do people gamble? What drives individuals to take risks with their money? To answer these questions, one must first look at the psychology of gambling.
One of the main reasons people gamble is because they are seeking a sense of excitement and thrill. Gambling can provide an adrenaline rush that many find hard to resist. It also offers the potential for rewards, which can be very enticing.
Another factor in gambling behavior is the idea of winning back losses. Participants may feel compelled to keep playing and risk more to break even. This can lead to gambling problems, as players may become increasingly desperate for a win. It may seem obvious, but bettors should never wager more than they can afford to lose.
The impact of online casinos on gambling’s popularity
The rise of online casinos has had a significant impact on the gambling industry, as it has made it more accessible and convenient than ever before. Anyone with an internet connection can now play their favorite casino games. Unsurprisingly, this has led to an upsurge in the number of people interested in gambling.
Player psychology will continue to evolve while technological breakthroughs make it easier, faster and more convenient to participate.
Industry News
Gaming and Leisure Properties Inc. Names Carlo Santarelli Senior Vice President, Corporate Strategy and Investor Relations

Gaming and Leisure Properties Inc. announced that Carlo Santarelli has been appointed Senior Vice President, Corporate Strategy and Investor Relations, a new position at the Company. Mr. Santarelli will begin his new position on August 18, 2025 and will report to GLPI President and Chief Operating Officer, Brandon Moore.
Mr. Santarelli brings over 25 years of Wall Street experience in Equity Research and Investment Banking to his new role and joins the Company from Deutsche Bank where he was Managing Director of Gaming & Lodging Equity Research. Prior to Deutsche Bank, Mr. Santarelli held similar positions at Bear Stearns, JP Morgan and Wells Fargo. He consistently ranked highly in Institutional Investor and other sell-side analyst research polls as a thought leader in the space, providing unique perspectives on industry events and trends with his data-driven approach and stock picking talent. Carlo Santarelli graduated from the University of Pennsylvania with a B.A. in Economics in 2000.
Peter Carlino, Chairman and Chief Executive Officer of GLPI, said: “We’ve known and respected Carlo’s research work on the gaming, lodging and gaming REIT sectors for many years. Carlo brings to GLPI an in-depth knowledge of the industry and its participants, having experienced GLPI’s original formation of the gaming triple-net-REIT structure from a research analyst and capital markets perspective. We value his deep network of contacts among institutional investors, sell-side analysts and a wide range of gaming industry operators and we look forward to the value of his contributions.”
In his new role, Mr. Santarelli will work with Mr. Carlino and GLPI’s senior management to develop and evaluate growth opportunities and strategic relationships, and will oversee investor relations interactions.
Industry News
VIP Play Announces Departure of Chief Financial Officer

VIP Play, a technology-driven leader in interactive consumer engagement, announced that Jim Mackey, the Company’s Chief Financial Officer, will step down from his role, effective August 8, 2025.
The Company has initiated a transition process and is in the process of identifying a successor. Mackey will assist in an orderly transition over the coming weeks.
“We thank Jim for his contributions to the Company, particularly during a transformative period for our business. We remain focused on executing our strategic priorities, including financial visibility, operating efficiency, and delivering value to our stakeholders,” said Les Ottolenghi, CEO of VIP Play.
Latest News
BETBY LAUNCHES COMPREHENSIVE REPORT ON PERU’S REGULATED GAMBLING MARKET

BETBY, the premium supplier of cutting-edge sportsbook solutions, has published a detailed report titled “The Peruvian Breakthrough: A Market Ready for Takeoff”, offering a thorough analysis of the country’s newly regulated iGaming industry.
Following the implementation of Peru’s online gambling framework in 2024, this report explores the legislative transformation, market growth trends, and consumer behavior shaping one of Latin America’s most promising emerging markets.
The report covers several key aspects, including:
✅ Evolution of Peru’s gambling legislation and its impact on market structure and operator licensing;
✅ Market performance analysis, including land-based vs. online growth and mobile channel adoption;
✅ Economic indicators, such as GDP contribution, per capita GGR, and projected market size through 2030;
✅ Player profiles and betting behavior, with insights into frequency, motivations, and engagement across age and gender groups;
✅ Digital readiness, including mobile usage, internet speeds, and device preferences;
✅ Competitive landscape, with a breakdown of leading operators and changes in market share.
🔗 DOWNLOAD the report to discover strategic insights and unlock growth opportunities in Peru’s regulated gambling ecosystem.
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