Key
components of games are goals, rules,
challenge, and interaction. Games
generally involve mental or physical
stimulation, and often both. Many games
help develop practical skills, serve as
a form of exercise, or otherwise
perform an educational, simulational or
psychological role.
Games Directory: Gambling (309)
Gambling has a specific economic definition, referring to wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period of time.
The term gaming in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e., a "gaming" company offers (legal) "gambling" activities to the public. (This distinction is not universally observed in the English-speaking world, however. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission.)
