The house always wins

Ashley Smith
Gambling should be a game for those with surplus cash to spend on a seemingly innocent pastime, but in the Namibian context, money for essential items like food ends up in the coffers of illegal gambling dens.

Gamblers, who spend hundreds and even thousands during one sitting, have families at home who are often not considered.

It was therefore unsurprising when tourism minister Pohamba Shifeta revealed the shocking extent to which illegal gambling machines and gambling dens have proliferated in Namibia. According to Shifeta there are 2 600 unlicensed and illegal gambling houses in Namibia and approximately 20 000 illegal gambling machines countrywide.

Compare this to the 260 licence holders, which includes six casinos and 254 gambling houses, while a total of 2 845 gambling machines are registered in the country.

Shifeta last week tabled the Gaming and Entertainment Control Bill in the National Assembly that proposes to regulate the gaming industry. Gambling addiction is also known as pathological gambling, compulsive gambling or gambling disorder. If you're a compulsive gambler, you apparently can't control the impulse to gamble, even when it has negative consequences for you or your loved ones. Contrary to popular belief, the act of gambling is not restricted to slot machines, cards and casinos. Purchasing a lottery ticket, entering a raffle or making a bet with a friend are also forms of gambling.

In the past, the psychiatric community generally regarded pathological gambling as more of a compulsion than an addiction - a behaviour primarily motivated by the need to relieve anxiety rather than a craving for intense pleasure. However, a few decades ago, pathological gambling was officially classified as an impulse-control disorder - a fuzzy label for a group of somewhat related illnesses that at the time included kleptomania, pyromania and trichotillomania (hair pulling). Gambling is one of the most insidious of human vices, as it presents the illusion of easy money yet can quickly lead to financial ruin. The odds are never in your favour, as gambling is a successful industry because the house always wins.

In Namibia, and everywhere else, gambling is simply an extension of the poverty trap.

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Namibian Sun 2024-05-05

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 301.81/OZ DOWN -0.0011 | Copper US$ 4.53/lb UP +1.46% | Zinc US$ 2 924.30/T DOWN -0.08% | Brent Crude Oil US$ 83.49/BBP DOWN -0.0105 | Platinum US$ 955.87/OZ UP +0.28% Sport results: Premier League: Manchester City 5 vs 1 Wolves | Brentford 0 vs 0 Fulham | Sheffield United 1 vs 3 Nottingham Forest | Burnley 1 vs 4 Newcastle | Arsenal 3 vs 0 Bournemouth | Luton Town 1 vs 1 Everton | Chelsea 2 vs 0 Tottenham Hotspur LaLiga: Mallorca 0 vs 1 Atletico Madrid | Girona 4 vs 2 Barcelona | Real Madrid 3 vs 0 Cadiz | Real Sociedad 2 vs 0 Las Palmas | Getafe 0 vs 2 Athletic Club SerieA: Sassuolo 1 vs 0 Inter Milan | Monza 2 vs 2 SS Lazio | Torino 0 vs 0 Bologna European Championships Qualifying: Plymouth Argyle 1 vs 0 Hull City | Birmingham City 1 vs 0 Norwich City | Coventry City 1 vs 2 Queens Park Rangers | Stoke City 4 vs 0 Bristol City | Swansea City 0 vs 1 Millwall FC | Leeds United 1 vs 2 Southampton | Ipswich Town 2 vs 0 Huddersfield Town | Sunderland 0 vs 2 Sheffield Wednesday | Rotherham United 5 vs 2 Cardiff City | Middlesbrough 3 vs 1 Watford | Leicester City 0 vs 2 Blackburn Rovers | West Bromwich Albion 3 vs 0 Preston North End English Championship: Plymouth Argyle 1 vs 0 Hull City | Birmingham City 1 vs 0 Norwich City | Coventry City 1 vs 2 Queens Park Rangers | Stoke City 4 vs 0 Bristol City | Swansea City 0 vs 1 Millwall FC | Leeds United 1 vs 2 Southampton | Ipswich Town 2 vs 0 Huddersfield Town | Sunderland 0 vs 2 Sheffield Wednesday | Rotherham United 5 vs 2 Cardiff City | Middlesbrough 3 vs 1 Watford | Leicester City 0 vs 2 Blackburn Rovers | West Bromwich Albion 3 vs 0 Preston North End Weather: Katima Mulilo: 14° | 33° Rundu: 14° | 32° Eenhana: 13° | 33° Oshakati: 15° | 32° Ruacana: 16° | 34° Tsumeb: 16° | 31° Otjiwarongo: 14° | 30° Omaruru: 14° | 32° Windhoek: 12° | 27° Gobabis: 14° | 28° Henties Bay: 14° | 20° Wind speed: 18km/h, Wind direction: S, Low tide: 10:44, High tide: 04:42, Low Tide: 22:59, High tide: 17:11 Swakopmund: 16° | 17° Wind speed: 20km/h, Wind direction: SW, Low tide: 10:42, High tide: 04:40, Low Tide: 22:57, High tide: 17:09 Walvis Bay: 17° | 23° Wind speed: 25km/h, Wind direction: SW, Low tide: 10:42, High tide: 04:39, Low Tide: 22:57, High tide: 17:08 Rehoboth: 14° | 29° Mariental: 17° | 31° Keetmanshoop: 17° | 31° Aranos: 16° | 30° Lüderitz: 14° | 24° Ariamsvlei: 16° | 33° Oranjemund: 13° | 21° Luanda: 25° | 30° Gaborone: 15° | 29° Lubumbashi: 13° | 27° Mbabane: 15° | 29° Maseru: 10° | 25° Antananarivo: 12° | 23° Lilongwe: 17° | 28° Maputo: 18° | 31° Windhoek: 12° | 27° Cape Town: 14° | 17° Durban: 18° | 30° Johannesburg: 16° | 25° Dar es Salaam: 22° | 29° Lusaka: 16° | 29° Harare: 13° | 29° Economic Indicators: Currency: GBP to NAD 23.17 | EUR to NAD 19.9 | CNY to NAD 2.54 | USD to NAD 18.5 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.95 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 133.98 | USD to NGN 1379 | USD to ZAR 18.5 | USD to ZMW 27.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76428.31 Up +0.50% | Namibian Stock Exchange (NSX) Overall Index 1700.24 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13403.47 Up +0.61% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 301.81/OZ DOWN -0.0011 | Copper US$ 4.53/lb UP +1.46% | Zinc US$ 2 924.30/T DOWN -0.08% | Brent Crude Oil US$ 83.49/BBP DOWN -0.0105 | Platinum US$ 955.87/OZ UP +0.28%