Gambling firms helping Government and people during quarantine, literally. - page 4.

lienfaye

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Quote from: michellee on March 25, 2021, 01:14:33 AM

The government can not work alone, and they need supports from many companies or individuals to get out and solve the problem of this pandemic.

Thats true, the government cant do this alone. They're also lacking for financial budget to sustain the needs of unfortunate people.

This move of gambling firms are a big help to fight this crisis. In our country there's a certain lottery company giving donations for people who needs financial assistance especially when it comes to health medication. Actually they're doing this for long period already to help the government for the sake of poor people.

michellee

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Quote from: Cling18 on March 24, 2021, 10:03:20 AM

This kind of help for poor and needy people still needs to be appreciated no matter what the means is. In our country, even small lotteries help lots of people especially those who are asking for medicine and hospital assistance. Some people might say that they're just impressing the government but help still helps and lots of people could benefit from it.

Yes, not many casinos will do that because they are still thinking of searching for a profit. But if the casino can think about other people who suffer from this pandemic, they will support them by giving donations to them and provide them with food for some time. People themselves will be grateful to them, and they can live while still need to survive in this pandemic. The government can not work alone, and they need supports from many companies or individuals to get out and solve the problem of this pandemic.

Darker45

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Quote from: molsewid on March 24, 2021, 11:14:56 AM

Quote from: Darker45 on March 24, 2021, 09:21:23 AM

It is not just about the revenue. As a matter of fact, the revenue should be the last consideration. Otherwise, the government better be selling meth and cocaine for a larger income.

The point is that corporations, companies, and businesses of all sizes may do charitable acts. It is their decision, and perhaps part of their wider responsibility to their poor fellowmen. Those are appreciated, of course. They're probably even incentivized for doing so. But those are not reasons for laws to be subjective toward them.

But on the other side those corporations, companies and businesses of all sizes may do charitable acts but with back intentions with these charitable acts. Sometimes, part of their white lies was to promote their businesses or to give their corporation a good image on the people for their marketing strategies too. So they can attract more gamblers or gamers thinking that they can contribute also to the charitable acts that the certain gambling business was made, well it's my opinion only.

Always. That's always the case. Businesses giving money to charitable institutions, creating foundations, shelling out significant amounts for donations, and so on and so forth are always a part of a much bigger plan. Hardly will a business give out money solely for the sake of helping.

But that's not a lie either. That's just part of their overall business arrangement. That's simply how business works. It's just on our end if we get carried away by these acts of generosity and gamble on their platforms because they are doing charitable deeds.

BuNga_cute

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In a difficult situation like now where there is still an economic crisis, all parties must help each other, and the state must indeed get assistance.
One of them is from gambling firms that do have a large income, gambling firms can provide assistance in the form of taxes or directly pay some
money to government-owned charities. But in my country, where gambling is indeed prohibited in any form, the government cannot get help from
gambling firms. So it is very fortunate for countries that legalize gambling to get benefits from gambling firms.

dothebeats

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We do have this in our country. The one who heads the lottery gives a certain percentage of sales on the tickets, plus the winner would have to pay taxes on their win. A certain percentage of what goes to the government (I believe it's somewhere around 20 - 30%) would then be allotted to the country's charity institution. I believe it's a good thing that they're doing this, although most people right now have reasons to believe that the country's charity channel isn't as functional as it was when first established. Due to corruption that has been unearthed from left to right, even the people believes that the lottery ticket proceeds aren't going to charity anymore but to the pockets of the few, which is just disgusting.

dunfida

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Quote from: DarkDays on March 24, 2021, 03:42:29 PM

Quote from: Kakmakr on March 21, 2021, 01:12:07 PM

In some countries the National Lottery have to give a specific percentage of the profit to charities as a prerequisite to operate in that country. So the government will only grant them a license to operate, if they give that percentage back to charities.

Governments justify the unethical behavior, because they know any additional funding will grant them extra funding for other government projects. This is one of the reasons why they hunt down "illegal" operators, because they do not pay taxes and they also do not adhere to the requirements to fund charities. Roll Eyes

As you point out there is definitely an agenda here, not really coming from the goodness of the people running the fund. It may well be a way to disperse off some cash in a way that puts them in a positive light while at the same time helping them claim no tax. It is a careful calculation and sadly not one that comes out as a token of generosity.

Generosity? I wouldnt really believe on that specially into these kind of business and there would always be an agenda behind those actions which it isnt really that surprising at all.
Helping government and helping the people during quarantine? Lets put that they are really doing it honestly and with pure passion but still they do know that this can
really give out some advantages in the end of the day.

DarkDays

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Quote from: Kakmakr on March 21, 2021, 01:12:07 PM

In some countries the National Lottery have to give a specific percentage of the profit to charities as a prerequisite to operate in that country. So the government will only grant them a license to operate, if they give that percentage back to charities.

Governments justify the unethical behavior, because they know any additional funding will grant them extra funding for other government projects. This is one of the reasons why they hunt down "illegal" operators, because they do not pay taxes and they also do not adhere to the requirements to fund charities. Roll Eyes

As you point out there is definitely an agenda here, not really coming from the goodness of the people running the fund. It may well be a way to disperse off some cash in a way that puts them in a positive light while at the same time helping them claim no tax. It is a careful calculation and sadly not one that comes out as a token of generosity.

BTCLiz

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Quote from: Darker45 on March 24, 2021, 09:21:23 AM

It is not just about the revenue. As a matter of fact, the revenue should be the last consideration. Otherwise, the government better be selling meth and cocaine for a larger income.

The point is that corporations, companies, and businesses of all sizes may do charitable acts. It is their decision, and perhaps part of their wider responsibility to their poor fellowmen. Those are appreciated, of course. They're probably even incentivized for doing so. But those are not reasons for laws to be subjective toward them.

Is is 100% about the revenue. Why? Even if this decision is -EV it clearly shows how people from these firms want to recompose for their stupid business. Of course you have to put these preferences as costs in the balance sheet.

molsewid

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Quote from: Darker45 on March 24, 2021, 09:21:23 AM

It is not just about the revenue. As a matter of fact, the revenue should be the last consideration. Otherwise, the government better be selling meth and cocaine for a larger income.

The point is that corporations, companies, and businesses of all sizes may do charitable acts. It is their decision, and perhaps part of their wider responsibility to their poor fellowmen. Those are appreciated, of course. They're probably even incentivized for doing so. But those are not reasons for laws to be subjective toward them.

But on the other side those corporations, companies and businesses of all sizes may do charitable acts but with back intentions with these charitable acts. Sometimes, part of their white lies was to promote their businesses or to give their corporation a good image on the people for their marketing strategies too. So they can attract more gamblers or gamers thinking that they can contribute also to the charitable acts that the certain gambling business was made, well it's my opinion only.

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Quote from: oHnK on March 24, 2021, 09:23:24 AM

Quote from: worle1bm on March 24, 2021, 09:08:45 AM

The casinos have certain restrictions under which they need to donate towards charity programme of the Government.As mentioned above for obtaining license there are strict code of conduct and certain implications which casinos have to follow.Moreover they got tax rebates if they donate for the noble cause as it is tax deductible in most countries.They are just playing their duties and we also need to appreciate them for helping and providing funds in needy hours to help people in pandemic.

Guidelines for casino operators across UK

Quote

Must pay 15% tax on all profits from UK services.

Need to hold a license from the Gambling Commission and comply with various codes of practice.

Must comply with advertising standards and codes of practice including the CAP Code and the Gambling Industry Code for Socially Responsible Advertising (Industry Code) administered by the Advertising Standards Authority (the ASA). There is also the Licence conditions and codes of practice for all licensees (LCCP).

So it's just a part of organisations to donate towards charity driven programmes as law abides them do so of the country in which they are providing services.

This is quite interesting because they are actually doing what they have to do for the sake of the license and the various rules that have to be obeyed. It is very different in countries that prohibit access to gambling, there are no rules that support or allow it so that often naughty people still gamble from overseas online gambling sites and gambling companies do not pay any taxes from their income. The loss is two times, one community is disadvantaged because they cannot play gambling freely. The two countries do not get anything from gambling companies which have very much money.

That is how the gambling business works, But I'm pretty sure that there are some casinos that are tied to high-ranking authority in the government and bend the law in their favor so they can take advantage of their competitors in their country. Irregularities in the government are somehow common today, But at least they are giving it back to the people.

Those countries that prohibit gambling will just waste the opportunity of giving tax to casinos in their country that most commonly operates in the underground. It could help their country to recover, especially the countries that are the most damaged by the pandemic to cope up with their casualties.

Cling18

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This kind of help for poor and needy people still needs to be appreciated no matter what the means is. In our country, even small lotteries help lots of people especially those who are asking for medicine and hospital assistance. Some people might say that they're just impressing the government but help still helps and lots of people could benefit from it.

oHnK

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Quote from: worle1bm on March 24, 2021, 09:08:45 AM

The casinos have certain restrictions under which they need to donate towards charity programme of the Government.As mentioned above for obtaining license there are strict code of conduct and certain implications which casinos have to follow.Moreover they got tax rebates if they donate for the noble cause as it is tax deductible in most countries.They are just playing their duties and we also need to appreciate them for helping and providing funds in needy hours to help people in pandemic.

Guidelines for casino operators across UK

Quote

Must pay 15% tax on all profits from UK services.

Need to hold a license from the Gambling Commission and comply with various codes of practice.

Must comply with advertising standards and codes of practice including the CAP Code and the Gambling Industry Code for Socially Responsible Advertising (Industry Code) administered by the Advertising Standards Authority (the ASA). There is also the Licence conditions and codes of practice for all licensees (LCCP).

So it's just a part of organisations to donate towards charity driven programmes as law abides them do so of the country in which they are providing services.

This is quite interesting because they are actually doing what they have to do for the sake of the license and the various rules that have to be obeyed. It is very different in countries that prohibit access to gambling, there are no rules that support or allow it so that often naughty people still gamble from overseas online gambling sites and gambling companies do not pay any taxes from their income. The loss is two times, one community is disadvantaged because they cannot play gambling freely. The two countries do not get anything from gambling companies which have very much money.

Darker45

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It is not just about the revenue. As a matter of fact, the revenue should be the last consideration. Otherwise, the government better be selling meth and cocaine for a larger income.

The point is that corporations, companies, and businesses of all sizes may do charitable acts. It is their decision, and perhaps part of their wider responsibility to their poor fellowmen. Those are appreciated, of course. They're probably even incentivized for doing so. But those are not reasons for laws to be subjective toward them.

worle1bm

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The casinos have certain restrictions under which they need to donate towards charity programme of the Government.As mentioned above for obtaining license there are strict code of conduct and certain implications which casinos have to follow.Moreover they got tax rebates if they donate for the noble cause as it is tax deductible in most countries.They are just playing their duties and we also need to appreciate them for helping and providing funds in needy hours to help people in pandemic.

Guidelines for casino operators across UK

Quote

Must pay 15% tax on all profits from UK services.

Need to hold a license from the Gambling Commission and comply with various codes of practice.

Must comply with advertising standards and codes of practice including the CAP Code and the Gambling Industry Code for Socially Responsible Advertising (Industry Code) administered by the Advertising Standards Authority (the ASA). There is also the Licence conditions and codes of practice for all licensees (LCCP).

So it's just a part of organisations to donate towards charity driven programmes as law abides them do so of the country in which they are providing services.

pilosopotasyo

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Quote from: fiulpro on March 21, 2021, 11:00:53 AM

Apparently A Gambling Firm In the UK related to lotteries is going to help the UK Government for a program which aims to provide support for the people who are suffering from homelessness , have a disability, some problems etc. They are going to team up with the Government and the local bodies to make sure future of such Individuals are good.

They are putting millions of investment in the program , it was incase announced last year but this year they have decide to increase the support to the same.

This is a good gesture on the part of the gambling firm, they want to show to the government that they are not only a profit-driven company but a company that does care for the welfare of those who are in need and they are partners of the government, there are gambling companies that also doing this in our country, they want to erase the bad reputation of gambling companies by giving back to the community.

Mahanton

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Quote from: geegaw on March 23, 2021, 12:06:41 PM

Quote from: aioc on March 22, 2021, 04:25:23 PM

They just want to prove to the government that they are not only a form of vice but they also have hearts in hard times, they are showing the government that they are not only a profit-generating company but they can be partners of the government in times of crisis, many gambling casinos are doing this not only in UK but also in other parts of the world.

Agree that they are of good kindness and help others but are more subtle, this is a plan that could give many advantages, another fair exchange because in such difficult and crisis circumstances, casino income is relatively affected but if they support the government and help everyone, the economic change will help the casino to start getting more active once everyone has the money to gamble. One good point is that they have scored on the mentality of the government, a little loosening of the law will happen, it is clear that their money will automatically return to them

Everything that had been done would really be having a corresponding return and they wont really be making those deeds just for show off because this is business
you would really be expecting that every move that they would make would really be beneficial or a win win situation for them.Once they had established out
positive image or impressions towards their gambling business then government would just simply let loose and thats an advantage.
When its already been suggested or been recommended by government itself then its already a big success.

harizen

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Quote from: Questat on March 23, 2021, 06:29:12 AM

I don't know if there are big private lottery, but AFAIK and I witness in our country, all of the lottery business are owned by a government agency.

This is on my mind too as I know all big lotteries are owned by the government. That institution is one of the government's sources of income.

But in that case wherein a private lottery provides some assistance to the government, then a big help. It's something that, since there are lots of gamblers even during the pandemic, this line of business isn't really affected by the negative impacts of the pandemic. It's no doubt that gambling is one of the businesses that survives during the lockdown.

Advantage on that private lottery firm? A good advertisement plus who knows, they can turn that initiative into "benefits and advantages" when they want something to the government in the future if anyone got the picture of what I mean.

geegaw

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Quote from: aioc on March 22, 2021, 04:25:23 PM

They just want to prove to the government that they are not only a form of vice but they also have hearts in hard times, they are showing the government that they are not only a profit-generating company but they can be partners of the government in times of crisis, many gambling casinos are doing this not only in UK but also in other parts of the world.

Agree that they are of good kindness and help others but are more subtle, this is a plan that could give many advantages, another fair exchange because in such difficult and crisis circumstances, casino income is relatively affected but if they support the government and help everyone, the economic change will help the casino to start getting more active once everyone has the money to gamble. One good point is that they have scored on the mentality of the government, a little loosening of the law will happen, it is clear that their money will automatically return to them

avikz

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I would rather say it is agreat way of advertising for the gambling company. Usually gambling companies face a lot of criticism around the world because of the nature of their business because gambling is a social taboo. So if a gambling company is helping UK government in such humanitarian efforts, that's definitely going to help them in long run. Possibly they are going to see a while new level of appreciation from the UK population.

I believe, it will be great if the big companies come out to help and aid to such humanitarian effort. Together, we will be able to make the world a better place to live!

Shasha80

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Gambling firms actually have a negative image for some people, because many people think that gambling firms only take money from gamblers
and make gamblers addicted. Even though the reality is that not all gambling firms have a negative effect on human life. Even though I don't have
data that shows that there are quite a number of gambling firms that have a positive impact on human life. One of them is providing assistance to
the government, so that it can help with problems that occur in a country. Like helping many unemployed due to the COVID-19 pandemic, sometimes
there are also many gambling firms that provide financial assistance to various charities. The goodness made by gambling firms does not occur
in UK countries, but it also happened in several countries that did legalize gambling. Therefore, it is not certain that something negative cannot
become something positive.

Topic: Gambling firms helping Government and people during quarantine, literally. - page 4. (Read 993 times)