Topic: Economic Costs of Gambling - page 13. (Read 4152 times)

A gambler will play base on their choice and they will pick the casino that can make them comfortable playing gambling. The casino does not like when someone is disturbing in their place and they made a riot in their place. The casino can easily kick them out because that person is not given the casino profit like other gamblers. If the gambler becomes addicted, the casino will let them and not carry them to the rehab centre.

Maybe the government needs to think about the effect of playing gambling on their people so they can warn them not to playing gambling too often. But that will look vague because the government gives license to the casino on one side, and on the other side, they will face many addicted people because of playing gambling. Maybe the people need to think about that seriously not to spend their time only playing gambling. They can play gambling in their free time but not use too big money.

That can never be found out because every country has their own rules and regulations and most of the countries have corrupt people everywhere.
Corruption can go to any extent which is why it's hard to know how much money is actually flowing into the welfare of the economy.
Unless these governments use blockchain system to publicize the taxations there will be no way to know the truth.

That's why i respect the Muslim countries from banning gambling in their respective countries. though they are at some chance depriving other religions from playing gambling in their territory yet this serve as safety for their people and also for the rest of the place from becoming addicted in gambling.

We have same view mate according to what gambling is really bringing the world.

Some countries says they are gaining big taxes  from their Gambling casinos but the truth is the losses of their people is more to affect the economy than what adding.

 The best question is , How much does the taxes helping the economy than the amount losses from the players?

gambling involves externality and it was true that a gambler dont agree with the cost but they can agree to the benefit and that is if they earn a profit .

i think addicted gamblers hardly get depressed because they are feeding their addiction and it makes them happy at all times . depression is expensive to cure but all cost is not shoulderd by the society , most cost must be paid by the depress patient .  gambling addiction  needs to be combated because it leads to more cost for both the addicted gambler and the society

Not only the casinos but the government as well, they are the ones giving license and regulate the casinos and some of them are also operating a lottery and gambling casinos, both of them do not think the welfare of gamblers and instead just focus on how to make revenues, they are good partners victimizing people who have no control in gambling, they both share the blame. 

Sometimes it is sad for people who are addicted to gambling, then they blame the casino for their situation like that. Regarding the problem of
gambling addiction, it is beyond the control of the casino,  it should be the responsibility of every gambler who already knows the risks of gambling.
Therefore, each country limits the age of those who will play gambling, this is with the intention that people who decide to gamble are adults and
can take responsibility for themselves. Casinos should be appreciated, apart from being able to provide entertainment, but make a big contribution
to the country by paying large taxes.

That is true, the governments do not focus on the welfare of gamblers, but what do you want the government to do? Should they turn to a gambler advisors? Which is not possible. Gamblers should know how risky gambling is, they should be contented and not gamble with an amount of money that can get them into problem. Also gambling is not allowed in some countries because of the negative effective which is addiction, but yet you will see people in such control trying all means to by-paes the law and gamble both offline and online.

Dont know on whats up to others mind on why they do took the blame into the casino on why gamblers had become affected and had a miserable life just because they do play gambling too much.

It is really out of their hands and this is full responsibility of an individual on handling himself to avoid addiction which might create a problem.\

We cant deny the Cons of gambling in terms of that but lets go back on the brighter side that gambling businesses is one of the biggest tax contributor
on a certain economy.

Casinos will be hands off related to gambling addiction problems experienced by some gamblers. Casinos really can't be blamed in this, because
they are not a charity that thinks about helping others, Casino is a place of business and will try to make a lot of money from addicted gamblers.
As long as there is no coercion from the casino to play gambling, the casino is not responsible for the many gamblers who become addicted.
Therefore, it is very important for countries that legalize gambling to provide rehabilitation center facilities, because the state gets tax revenue
from casinos.

But people are aware about the risks without being forced to play. And they wouldn't risk losing money if there wouldn't be chances of growing this money at same time. Actually we are hostage of the *your loss is my gain and your gain is my pain* effect in our daily life. Isn't that what governments do charging heavy taxes over basic needs of the people? With the difference in gambling you can choose participating the activity or not.

Foreigner gamblers going to USA to gamble considerable amounts of money are rich businessmen, investors, speculators on their countries. They won't cause externalities to their local governments. There are some common tourists too, but the amounts they bet are insignificant. Of course they could be gambling on their native places, but the local governments should legalize it first, right? The irony here is that they don't want to legalize gambling because it would be harmful to their citizens, but at same they complain people are going abroad to gamble.

I think the effects of gambling are positive, yes. Millionaires hate to pay taxes and avoid countries where the rates are high, taking away with them all their wealth, so gambling is the way for a country to get money from them through free will. On long run they lose, but also have fun and won't miss the lost money as they have much more to spend (what also include the maharajas of the judiciary and other public employees).
Furthermore we can't stop doing things we like just because some people don't know limits. This way everyone is being punished for few people's mistakes.

My thoughts about this topic was at number 3, gamblers with high society conflicts would really tend to go to jail because of their adduction. It's more like drugs which barely beyond control, and they'll able to commit crimes like robbery and qualified theft acts. Same here in my community, even underaged individuals learned how to do stealing due to gambling addiction with small time bets like cards or some kinds of coins game like heads and tails at any public places.

Actually its none of casinos business for them to mind about their players because no one had forced them to play on particular place to play gambling.Therefore,
if they do make out themselves on being addicted due to excessive playing then its actually a personal problem for a certain gambler to resolved on and its no surprise
that casinos wont be minding about those wrecked players because they are the ones who do make out their fate. Playing too much is bad and we know casino is a business and its just normal for them to accept players as much as they can and that what matter most and the rest is never been their responsibility to catch on.

This is a classic case of looking at a glass half empty instead of half full, it is true that some people are unable to control their impulses but we see this everywhere, people are addicted to social media, the Internet and video games and yet no one is asking for any of those three things to be banned and that is because despite all of this the good that they bring to the community is simply something we cannot do without, and the same is true for gambling and yet a great deal of people do not understand something that simple.

You are just focused on the negative externalities and you forget about the positive externalities, namely :

1. Gambling create jobs. (3rd party Slot and Game developers / Gambling hosts / Site admins & Mods... etc)
2. Gambling (licensed sites) pay taxes in a regulated capacity. (Less of a burned on individual tax payers)
3. Gambling sites give sponsorship and donations to charity.
4. Gambling sites make some people rich. (Yes, might be a small percentage, but it happens)
5. Gambling sites give some people entertainment and it helps them with stress. (A lot of people get stressed, when they get addicted) 

So, yes..... there are some positive things that come from gambling too... 

Yes, both of you are right as long as the casino can attract many gamblers and they can get more money from them. The casino will not care about the addicted gamblers, how they can solve the addiction, and how the gambler can avoid committing a crime. A gambling industry contributes a big income for the government in the country that allows gambling. The casino does not think much about the side effect of the player in the gambling games because they think that is the gambler's responsibility.

Exactly, they will care much more about profits than the wellbeing of their users because what's the point of curing your customers if them being sick is the way that you can make a lot of money. Also, regarding the economic cost, I think gamblong industry is a big contributor with taxes and tourism, just look at Las Vegas, Macau and Hongkong.

Any business has externalities, not only gambling. Ask people near a factory, mall, or a big office building on how they pollute the environment. But it will be allowed as long as there is net positive on the economic growth or government revenue.

Casinos often integrated with luxury resort/hotel and mainly serve as entertainment for the rich. Thus the operation will bring in tourists and their money. Also, there are employers who depend on the casino for their living.

+ Taxes
+ Revenue from tourism
+ Employment rate

I still think gambling will boost tourism and grow the economic activity in the area. BUT, the government must educate* locals that gambling is for the rich tourist, not for them.
*not a fan of Monaco's way.

They will use many media promotions to attract attention from people out there, including the gamblers who still search for where they can playing gambling. The important thing here how they can invite the gambler and what type of promotion. The gambler needs to search for the right gambling site to play any game he wants and not all gambling sites can satisfy them. Maybe the gambler will search for the casino to give them a big welcome bonus than the other site.

Wait , what about no intervention from the government about  Online gambling? who told you that?

governments are running thru online gambling i just don't know if your governmetn do the same thing.
Wrong, the countries in Asia is not improving their economy because of gambling instead it is dropping because gamblers are losing their money and only casino operators are gaining here.