World

House Of Lord Warns: Loot Boxes Is Gambling

Published

5 years ago

July 9, 2020

It is official now: loot boxes are considered as a form of gambling. Following a period of concern and extensive discussion by various groups, The House Of Lords Gambling Committee from the United Kingdom officially declared loot boxes in videos games as a form of gambling, and they have issued stern warnings about the continuing implementation of it in games.

Loot boxes, despite not being a casino game, can be related to it. In a betting perspective, loot boxes can be related to gambling in the way that it gives the player or buyer the chance to win an item but without any guarantee. That is how most casino games work, after all.

“It’s gambling”

In a report that was recently released, BBC reported that the House of Lords have declared loot boxes as a form of gambling, as it meets all the factors that are present in all gambling games. To learn more you can read more online casino reviews to get the better idea about the best bookmaker.

“If a product looks like gambling and feels like gambling, it should be regulated as gambling,” the report said. “There is academic research which proves that there is a connection, though not necessarily a causal link, between loot box spending and problem gambling.”

In line with that, the house of Lords is also now seeking to have loot boxes in videos games be regulated in the same way that gambling is being regulated. Otherwise, the game developers and owners will be forced to remove loot boxes from their games–or risk getting in trouble with the law.

What are the requirements for gambling?

To better understand how the House of Lords arrived at their decision of declaring loot boxes as a form of gambling, it is a good idea to better understand what makes an activity a form of gambling first.

By definition, an activity can be considered a form of gambling or betting when it meets three requirements: there is a consideration, there is a risk, and there is a prize.

Consideration refers to any amount wagered by the playing party. Most of the times, it comes in the form of monetary currency. However, wagering is not limited to money itself. It could be other forms of resources such as property, gold, or any other things that can be wagered in a game, as long as the betting party allows it. In loot boxes, players often purchase the loot box with real money in order to get the in-game item.

Risk, on the other hand, refers to the chance involved after placing your bet or wagering your resources. In gambling, there is no assurance that your bet would win. You have the chance to win it, or you could also blow it and lose. In the same way, there is never a guarantee that a player will get any promised major price for a single draw.

Finally, the prize. In gambling, the prize could be a fixed amount you can get if you win such jackpots from a slot machine. The prize could also be the resources of the opposing player which will be awarded to you should you win.

Loot boxes are not gambling–in 2017

In a 2017 report, the UK Gambling Commission declared that loot boxes in video games can’t be considered a form of gambling, through its elements are similar to gambling. According to the regulating body, there is a fine line that separate gambling from something that is not gambling.

One of the reasons why they made the declaration back then was that according to them they found loot boxes to be purely an in-game risk purchase, and items won from it cannot be brought with or traded with real-world money.

World

Swiss International University Enhances Student Employability with Major Global Collaborations

Published

3 days ago

November 8, 2025

Jenny Jackson

New collaborations with Citibank, Abu-Ghazaleh Global, RAK Properties, and others strengthen SIU’s commitment to connecting academic learning with global career opportunities.

Swiss International University (SIU) has already informed about the new corporate partnerships that will start in October 2025 and that they will provide students with better access to internships, training programs, and job opportunities in various fields.

The new partnerships are aligned with SIU’s goal to combine education with the real world, as they ensure that the graduates are equipped with the required knowledge, skills, and professional exposure to be successful in the global economy of today.

In the last few weeks, SIU has formed alliances with several major companies, including those from the banking, business, hospitality, real estate, and consulting sectors. The students will be actively involved in each collaboration through internships, practical training, and the career opportunities that will be given to them during or after their studies.

Among the key collaborations are

Citibank, where students of the business and finance fields will get to experience international banking operations through special training and possible hiring programs.

Abu-Ghazaleh Global has given SIU’s programs its official blessing and access to practical experience in global business, accounting, and consulting.

RAK Properties is going to give real estate and business students a chance to learn about property development, investment, and project management.

The Signature Inn Hotel Al Riqa L.L.C. offers students of hospitality a chance through real-life interrelated scenarios to gain the knowledge of front-office operations and guest management.

Al Shabaka International Businessmen Services is opening a door for the students to meet the professionals involved in global business consulting and administration.

Galadari Motor Driving Center, where students will get a clear insight into corporate management, customer relations, and operational efficiency.

Women’s First Jobs is going to help female students and graduates through career counseling, professional networking, and empowerment initiatives.

MyFounders.Club Global is building up the students and aspiring founders in terms of innovation and entrepreneurship by taking them through the process of developing and launching new ventures.

Revival AE Project Development Consultant Co., L.L.C., where students will be working on consulting for sustainable projects and environmental management.

“The partnerships that we have formed represent our commitment not only to the business world but also to the world of academia,” said the Head of Swiss International University. “We are aspiring to equip every student in SIU with the power to win the global job market through robust academic credentials, practical exposure, and a web of real opportunities. Our target is not a teacher-student relationship whose only need is the job—our students will be the ones making changes in the various fields of tomorrow.”

The academic world and the global market are the two areas where SIU, collaborating with partners at the present time, shows the institution’s continued commitment to creating a career-oriented academic environment where learning takes place beyond the walls of the classrooms.

The deadline of October 2025 is approaching, but the university is still looking to make new strategic partnerships to grow its network of global partners. It is clear from the continuous activities of the university that it is striving to offer its students worldwide the possibility of not only utilizing their skills but also being a part of the industry via employment and thus empowering them to make a difference in international markets.