Too Many Christmas Presents Can Cause Gambling Issues, Claims Study

Too Man<span id="more-8283"></span>y Christmas Presents Can Cause Gambling Issues, Claims Study

Warning: Christmas gifts, like these ones, should be avoided in excess: they might turn your children into horrific adults. (Image: telegraph.co.uk)

Excessive Christmas time gifts can turn children into dysfunctional grownups who are prone to gambling and relationship dilemmas, claims a new tough-love joint study from the University of Missouri therefore the University of Illinois.

The research, which thankfully came at the optimal time because we had been just about to go and do our Christmas shopping, warns moms and dads that buying kids everything they desire can cause them issues in later life.

It’s also saved us an absolute fortune!

Even though the news that spoilt kids make lousy adults might not be completely earth-shattering to our readers, this the time that is first a scientific research has suggested a web link between overindulged children and gambling problems.

But according to Professor Marsha Richins at the University of Missouri, who led the study, showering kids with high-end gift suggestions as part of a parenting strategy will spawn materialistic adults, and this is bad.

Such adults are likely to believe that success in life is defined by the amount and quality of their material possessions and that only the purchase of more will make them feel happy, attractive, or fulfilled.

Grownups whom define on their own or others by their possessions are at a higher risk of gambling problems, marital breakup, debt and generally reduced well-being.

Materialistic Adults

The research surveyed more than 700 grownups and asked respondents to report for a wide variety of childhood experiences involving their and the benefits and punishments they received.

‘Our research implies that kids who receive many material rewards from their parents will likely continue rewarding on their own with material goods when they’re grown, well into adulthood, and this could be problematic,’ explained Richens. ‘Our research shows the worthiness of examining childhood circumstances and parenting practices to understand consumer actions of adults.

‘Loving parents tend to give their children with material rewards,’ Richins said. ‘One explanation for the web link between material rewards and later on materialism is that young ones who receive these rewards are more likely than the others to use possessions to define and enhance by themselves, an element that is essential of.’

Christmas time is Canceled

Doting mothers and fathers should take notice that, according to the research, the following three parental strategies are likely to turn their children into potentially obnoxious adults: rewarding children with gift suggestions when they have accomplished something, such as for example making the soccer team or getting straight A’s; giving gift suggestions in an effort to show love; punishing children by firmly taking away their possessions, including a favorite toy or gaming.

As Lan Chaplin, associate teacher of marketing at the University of Illinois, who additionally contributed to the analysis, explained: ‘It’s OK to need it things for your young ones, but make every effort to encourage them to be grateful for all your people and things they have within their everyday lives,’ Chaplin said. ‘Each time children express their gratitude, they be much more aware of exactly how fortunate these are typically, which paves the way to allow them to be more ample and less materialistic.’

OK, well, we’re going to skip the whole Christmas time present thing completely this season, just to be on the side that is safe. That we are too caring if we have one flaw it’s.

Trump Taj Mahal Will Always Be Open Into 2015

A $20 million loan from Carl Icahn will keep the Trump Taj Mahal in operation while an agreement that is long-term negotiated. (Image: Huffington Post)

The Trump Taj Mahal has seen two planned closing times come and go, however the lights are still on at the Atlantic City that is embattled casino.

And now, thanks to a new infusion of cash, it looks like the resort will stay open for at the least a bit that is little.

Trump Entertainment Resorts lawyers said this that investor Carl Icahn has loaned the company $20 million, an amount that should allow the casino to stay open for some time while bankruptcy procedures continue to play out in court week.

That will provide all edges included an opportunity to work a settlement out that would keep consitently the casino open at the end of those talks, rather than see the Taj Mahal shut down or liquidated.

Loan Will Be Considered at Hearing january

Trump Entertainment lawyer Erez Gilad told US Bankruptcy Judge Kevin Gross that the loan, which was arranged a week ago, had enabled the organization to request that the closing date for the casino be pushed straight back indefinitely.

The Taj Mahal is guaranteed to stay open until at least that court date while that request won’t be considered until a court hearing in January.

The loan won’t be enough to keep the casino open forever: Judge Gross even remarked that it probably wouldn’t be enough to keep consitently the casino running for the year that is full.

However, it should provide a window for continuing negotiations between Trump Entertainment, the employees associated with Unite Here Local 54 casino union, city and state officials, and ladbrokes casino logo Icahn.

The interplay that is complex all of these parties has made the bankruptcy proceedings difficult to navigate, even because it seems at times as if progress has been made.

In present months, state lawmakers was indeed working towards passage of a package of bills that would offer tax cost and relief certainty to Atlantic City’s casinos.

The union representing the Taj Mahal’s workers had been in negotiations with Trump Entertainment over the future of their benefit plans at the same time.

The employees had appealed a bankruptcy court decision that would have permitted the company to split their contract using the union, while Trump Entertainment said they were ready to agree to displace some benefits if the union would drop their appeal.

Near Agreement Apparently Blocked by Icahn

In the a week ago, it showed up as though the union and Trump Entertainment had arrived at an agreement that both sides could accept. But union officials said late last week that Icahn scuttled the deal.

‘We and everybody thought that is else could start moving Atlantic City ahead, however it is unfortunate that anyone could put the brakes on all that,’ said Local 54 president Bob McDevitt.

Lawmakers then reacted by postponing votes on the taxation aid bills, citing having less contract between the parties in the Taj Mahal dispute.

‘Icahn has to come to the table and make a deal,’ said Assemblyman Vince Mazzeo (D-Atlantic County).

Meanwhile, Icahn characterized their $20 million loan as a good faith gesture towards a later contract, even if one wasn’t reached right now.

‘Even though we believe that Atlantic City would be great again someday, many people would nevertheless argue so it would have been a better financial decision for me personally to let the Taj close and wait to see whether a worldwide settlement are reached,’ Icahn penned in a letter to Trump Entertainment CEO Robert Griffin. ‘But I can not be so callous as to let 3,000 hardworking people lose their jobs while a global settlement with the state and union, which may allow us to turn the Taj around, as we’ve finished with so numerous other ailing organizations, stays a possibility.’

Southern Tier Officials Call on Ny To Award casino License that is 4th

Southern Tier officials are upset that local proposals such as for instance the one at Tioga Downs were passed over in New York’s casino recommendations. (Image: WENY News)

The nyc casino licensing battles remains hot even after last week’s statement by the Gaming Facility Location Board that only three upstate casinos will be suggested.

Officials in nyc’s Southern Tier are requesting that the state reconsider permitting a casino in the area, while A native American tribe’s announcement of the new facility threatens to further complicate the local market.

The Southern Tier, a part of New York suggest that borders northern Pennsylvania, was combined with the Finger Lakes in to a single licensing area for the purposes of the latest York’s casino expansion.

Local officials had hoped any particular one of two proposals in the tier that is southern be plumped for, nevertheless the recommendation for a guaranteed license for the spot instead went to Lago Resort & Casino in Tyre, a Finger Lakes location.

State Only Recommended Three of Four Possible Casinos

The state board also suggested one casino into the Catskills, and another in Schenectady, near Albany. They did maybe not, however, suggest that a 4th license be awarded, inspite of the proven fact that the state’s laws permitted for one area to get a casino that is second.

Many observers expected a 4th casino would went to your Hudson Valley-Catskills region, which was seen since the most lucrative, Southern Tier officials are now lobbying them a casino instead for it to be used to give.

‘ We need a chance,’ said State Senator Thomas Libous (R-Binghamton). ‘We need the jobs. This the main state is hurting for some time, and there is a fourth license that all of us know is available. Once more, I’m asking for that fourth permit to be granted in the real Southern Tier region.’

Lawmakers Appeal to Governor

Other officials have also expected Governor Andrew Cuomo to locate a casino that is fourth Tioga County, including United States Representative Tom Reed (R-New York) and Assemblywoman Donna Lupardo (D-Endwell). However the continuing state board said which they were quite clear within their recommendations.

‘ We reached a unanimous consensus that these three selections that we made have the best shot for success,’ said Gaming Facility venue Board Chairman Kevin Law. ‘There shouldn’t be a fourth.’

The owner of Tioga Downs who had hoped to expand the racetrack into a fully-fledged casino, that explanation simply isn’t enough for Jeff Gural.

‘I think it is clear that no one understands why the tier that is southern which was promised a license, did not get a permit,’ Gural said.

Governor Cuomo has pledged to give the Southern Tier the sort of special economic attention in his second term he gave Buffalo in their first term as governor.

Locals feel as though the location happens to be largely shunned in the week that is past both due to the casino decision and a fracking ban announced last Wednesday.

Oneida Nation Announces New Casino Project

Meanwhile, the Oneida Indian Nation has announced which they want to start a $20 million Oz-themed casino in Chittenango in 2015, just 14 miles east of Syracuse. The announcement associated with small facility arrived just four times after the state board made their commercial casino recommendations, while the new casino will be only about 60 miles away from the Tyre resort. However, Oneida officials state that their plans were in the works a long time before that statement.

‘It’s the way the timing exercised,’ Oneida spokesman Joel Barkin told Capital New York.

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