Could Gambling Legalization be a positive thing for Brazil? - page 4.

DU18

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Quote from: Zilon on January 04, 2022, 02:07:49 PM

When it comes to gambling I prefer the government stay mute on the matter making it a factor of choice because legalizing gambling in Brazil will give birth to addicts although I understand the government should know what's involved and also have the right treatment for addictors but it would have been better if the government were mute other than legalizing gambling in Brazil

I agree with what you said, it is indeed better in this case the government is wiser ( neutral) in making decisions to legalize or not at all, indeed on the one hand the government will get enormous tax revenues from gambling, but the effect will trigger a lot of there are new gambling addicts, admit it or not, the gambling population in a country is quite large today, but they have always preferred to be silent and gamble in secret just because of existing legal regulations, but if the government legalized gambling, wouldn't that make the country full of addicts gambling ?

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Quote from: fiulpro on January 04, 2022, 10:05:45 AM

According to the article published :
https://www.gamblingnews.com/news/brazil-gambling-legalization-would-bring-3-5bn-in-annual-tax/
The legalization of Gambling in Brazil alone can bring 3.5 Billion Dollars in Annual Tax. The country have not yet legalized the casino gambling but there have been frivolous attempts to make that happen. At the same time it could also be responsible for creating over 650,000 Jobs in collaboration with Bingo and other forms of betting as well. The country's lawmakers want to tax Gambling industry at 30% to be able to earn from them a descent amount to solve the economic fallout from the last year, in the middle of covid, any move counts and can be important as well.
The president have stern thinking and he is against it but some members think they are just looking 7 years worth of revenue if they are not legalizing it. What I do think is they should keep it into consideration that, be it legal or no people would still do it, might as well, make sure they are doing it on a trusted platform and at the same time bringing revenue for the country as well.

What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

I wouldn't exactly call it a positive, but if it's done right it might not be a negative either. As long as the majority of patrons to places like casinos are just doing it for entertainment and manage to avoid turning it into an addiction, then it can be an extra source of revenue for the country (especially if it brings in gamblers from other countries). However the estimates given for things like jobs are usually way too high and obviously manipulated by people who want to open up a new source of income for this lucrative industry. Honestly, I think Brazil has lots of other problems that may need solving first and a high crime country might not be the ideal places for opening up this type of industry as it can get heavily abused with poor regulation or enforcement.

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When it comes to gambling I prefer the government stay mute on the matter making it a factor of choice because legalizing gambling in Brazil will give birth to addicts although I understand the government should know what's involved and also have the right treatment for addictors but it would have been better if the government were mute other than legalizing gambling in Brazil

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I think the idea of having the gambling casinos legalization for Brazil is good in terms of money and how it could circulate the money in the Country. But probably the government has some other ideas when it comes to this because they are probably concerned about how it could affect the masses with being addicted or how people are going to react to it.

Maybe they are willing to do it as well, but they’re waiting for something to come up first to start down the legalization process of it.

teddybear

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It might not be a positive thing for people of Brazil in general but for the government, it is a great move. More money pouring into the government(via taxes) which could be put to good use(most probably won't be).

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Quote from: fiulpro on January 04, 2022, 10:05:45 AM

According to the article published :
https://www.gamblingnews.com/news/brazil-gambling-legalization-would-bring-3-5bn-in-annual-tax/
The legalization of Gambling in Brazil alone can bring 3.5 Billion Dollars in Annual Tax. The country have not yet legalized the casino gambling but there have been frivolous attempts to make that happen. At the same time it could also be responsible for creating over 650,000 Jobs in collaboration with Bingo and other forms of betting as well. The country's lawmakers want to tax Gambling industry at 30% to be able to earn from them a descent amount to solve the economic fallout from the last year, in the middle of covid, any move counts and can be important as well.
The president have stern thinking and he is against it but some members think they are just looking 7 years worth of revenue if they are not legalizing it. What I do think is they should keep it into consideration that, be it legal or no people would still do it, might as well, make sure they are doing it on a trusted platform and at the same time bringing revenue for the country as well.

What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

If gambling activities can be controlled and implemented in a correct way, it can become a major cash cow for any government. It is a billion dollar industry and if it can be cleverly packaged with tourism, the money will start raining on the government and it will lead to various infrastructure and other development. Because government will have money to spend which will in turn create more job opportunities for the locals. The locals will earn more and spend more which will create a positive economic movement.

You see, it's all a chain reaction! I am sure Brazil will be greatly benefitted from it!

dothebeats

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It wouldn't hurt, though I am not sure whether it is the answer that Brazil is looking for in order for them to solve their economic woes. Bolsonaro's action plans aren't helping, too, and his priorities aren't even straight when it comes to repairing Brazil, or helping his constituents have a better life. His responses on the pandemic aren't even at the bare minimum compared to other countries, and the way he handled it all only worsened the conditions on Brazil.

His cronies would probably ask for a lot of prerequisites, and would surely on top of their corruption game before gambling in the said country is passed.

fiulpro

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Quote from: goldkingcoiner on January 04, 2022, 10:23:13 AM

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

Corruption I believe is the core of every single government out there, be it democratic, communist or even a dictatorship, all of them have yet to make people believe in their plans which would honestly give 100% to these people. What I do think is, at least this would give them a chance to improve their state. The fundings might come in handy during the pandemic and that can help the COVID situation improve a bit.

Quote from: bittraffic on January 04, 2022, 10:13:57 AM

It wouldnt hurt the economy but the government must be prepared to give treatments to the people who becomes gambling addict. This is not a new problem for we witness already to some gamblers which their lives become miserable after losing everything.

Online gambling I guess there are already people gaming there even before the legalization, soccer is very popular also in this country.

It's not just the government, most of the gambling companies as we see on the forum as well, they provide immediate help and at the same time there are several government strategies that might help them along the way. They can honestly use that 1% of that 30% to provide those people with free psychologists or something, being immediate attention to such concerns and monitor the erratic behavior, it's not hard they all just need a well balanced system at the end of the day.

goldkingcoiner

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I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

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Quote from: fiulpro on January 04, 2022, 10:05:45 AM

According to the article published :
https://www.gamblingnews.com/news/brazil-gambling-legalization-would-bring-3-5bn-in-annual-tax/
The legalization of Gambling in Brazil alone can bring 3.5 Billion Dollars in Annual Tax. The country have not yet legalized the casino gambling but there have been frivolous attempts to make that happen. At the same time it could also be responsible for creating over 650,000 Jobs in collaboration with Bingo and other forms of betting as well. The country's lawmakers want to tax Gambling industry at 30% to be able to earn from them a descent amount to solve the economic fallout from the last year, in the middle of covid, any move counts and can be important as well.
The president have stern thinking and he is against it but some members think they are just looking 7 years worth of revenue if they are not legalizing it. What I do think is they should keep it into consideration that, be it legal or no people would still do it, might as well, make sure they are doing it on a trusted platform and at the same time bringing revenue for the country as well.

What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

That is a good move for the Brazilian government economy.However they should use the taxes they will collect from the first year of allowing gambling in their country to build structures to attend to some victims(gambling addicts) as it is normal that there will be casualties.

If they manage to do this and there is plenty of money from the taxes to implement it then there is nothing to be worried,the victims will get their treatment and hopefully they will recover.They need also to use a lot of marketing in TV and media to tell people that gambling is a really high risk type of game where they can lose everything and that they should gamble responsible.Lots of things to be done if they want to do it right but I believe in the end even with some casualties it will be a huge benefit for Brazil economy if they legalize gambling.

bittraffic

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It wouldnt hurt the economy but the government must be prepared to give treatments to the people who becomes gambling addict. This is not a new problem for we witness already to some gamblers which their lives become miserable after losing everything.

Online gambling I guess there are already people gaming there even before the legalization, soccer is very popular also in this country.

fiulpro

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Activity: 1890

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According to the article published :
https://www.gamblingnews.com/news/brazil-gambling-legalization-would-bring-3-5bn-in-annual-tax/
The legalization of Gambling in Brazil alone can bring 3.5 Billion Dollars in Annual Tax. The country have not yet legalized the casino gambling but there have been frivolous attempts to make that happen. At the same time it could also be responsible for creating over 650,000 Jobs in collaboration with Bingo and other forms of betting as well. The country's lawmakers want to tax Gambling industry at 30% to be able to earn from them a descent amount to solve the economic fallout from the last year, in the middle of covid, any move counts and can be important as well.
The president have stern thinking and he is against it but some members think they are just looking 7 years worth of revenue if they are not legalizing it. What I do think is they should keep it into consideration that, be it legal or no people would still do it, might as well, make sure they are doing it on a trusted platform and at the same time bringing revenue for the country as well.

What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

Topic: Could Gambling Legalization be a positive thing for Brazil? - page 4. (Read 412 times)