Topic: Government Owned Online Casinos What Do You Think Of Its Potential - page 2. (Read 1193 times)
August 04, 2022, 03:05:15 PM
I'm sure a government like this just wants to get rid of competitors from the private sector, because they are very greedy even though they have earned a large income from taxes, but still make government-owned casinos, if so they have the authority and power, to terminate private casino licenses that they think not up to standard.
August 04, 2022, 02:21:03 PM
this situation no doubt will happen if their politicians are corrupt. they will act according to their personal interest. they will stop others to operate the same business as it will be looked at as competitors. corruption has the same face all over the world, so no matter where you are, you will see the same scenario if politicians are allowed to handle gambling business.
Well, that's for real and we can see those authorities taking advantage of their power while they're sitting on the government. If there's a threat to the business, they would try to eliminate it by doing sanctions or rules that will surely remove the competitor. Whether it's the government or the private sector, that's how the corrupt officials think. They're not like the real government that should be there just to govern things and sees that everything is running smoothly.
That's how money works, pushing people to greediness and not allowing anyone to compete,
Corruptions is the number one problem, the money that will flow around the business will be influenced by someone who has higher authorities, from that scheme those behind it will also add to the problem, as even in the lower positions corruptions will continue to flow
inside the system.
Yes, unfortunately that is the reality we are facing right now because money of the money talks and even before in the last 2 centuries, they are already facing corruption as the elected/selected officials will always take advantage of the power they had for their own benefit and I think there's no country in this God's green earth that is not experiencing any corruption in their government. Well, correct me if I'm wrong about that.
August 04, 2022, 11:18:08 AM
this situation no doubt will happen if their politicians are corrupt. they will act according to their personal interest. they will stop others to operate the same business as it will be looked at as competitors. corruption has the same face all over the world, so no matter where you are, you will see the same scenario if politicians are allowed to handle gambling business.
Well, that's for real and we can see those authorities taking advantage of their power while they're sitting on the government. If there's a threat to the business, they would try to eliminate it by doing sanctions or rules that will surely remove the competitor. Whether it's the government or the private sector, that's how the corrupt officials think. They're not like the real government that should be there just to govern things and sees that everything is running smoothly.
That's how money works, pushing people to greediness and not allowing anyone to compete,
Corruptions is the number one problem, the money that will flow around the business will be influenced by someone who has higher authorities, from that scheme those behind it will also add to the problem, as even in the lower positions corruptions will continue to flow
inside the system.
August 04, 2022, 01:51:38 AM
The Covid is still here and we are still in a pandemic, I have a topic where Macau is struggling to keep their casinos open despite the spike in their country
Macau's Casino Operation Continues Despite The Latest Outbreak
What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned.
Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant
Macau's Casino Operation Continues Despite The Latest Outbreak
What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned.
Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant
Their rates will suck against the private casinos but they will probably be safer as well. That's usually how it works with the government owned anything. It is a price you pay for extra safety.
No decent country will do the same thing directly but then they don't really have to. Since the governments tax private businesses, it means they own a portion of every company out there.
I don't think Macau is a decent country so I think they are free to do it.
August 03, 2022, 04:59:29 PM
this situation no doubt will happen if their politicians are corrupt. they will act according to their personal interest. they will stop others to operate the same business as it will be looked at as competitors. corruption has the same face all over the world, so no matter where you are, you will see the same scenario if politicians are allowed to handle gambling business.
Well, that's for real and we can see those authorities taking advantage of their power while they're sitting on the government. If there's a threat to the business, they would try to eliminate it by doing sanctions or rules that will surely remove the competitor. Whether it's the government or the private sector, that's how the corrupt officials think. They're not like the real government that should be there just to govern things and sees that everything is running smoothly.
government owned casinos will surely be raising up some questions but as long the revenue or taxes will be put up on the right use but if not then it would be that having an issue.
Doesnt matter if its government owned or not then it wont really be an issue .Potential would always vary on the demand of the community itself.
August 03, 2022, 04:30:41 PM
this situation no doubt will happen if their politicians are corrupt. they will act according to their personal interest. they will stop others to operate the same business as it will be looked at as competitors. corruption has the same face all over the world, so no matter where you are, you will see the same scenario if politicians are allowed to handle gambling business.
Well, that's for real and we can see those authorities taking advantage of their power while they're sitting on the government. If there's a threat to the business, they would try to eliminate it by doing sanctions or rules that will surely remove the competitor. Whether it's the government or the private sector, that's how the corrupt officials think. They're not like the real government that should be there just to govern things and sees that everything is running smoothly.
August 03, 2022, 04:18:00 PM
Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant
They definitely have a lot to them as the government but the patronage would depend on several factors. The one that would be of the most importance if if the country actually supports bitcoin or cryptocurrencies. That would be some indication that they aren't setting it up just to trap those that uses cryptocurrencies within the nation and this would also be determined by the level of verification.Privacy happens to be something that is treasured in the cryptospace and should the level of KYC make people raise an eyebrow, you could see a withdrawal in patronage to avoid more control by the government.
August 03, 2022, 04:06:42 PM
The Covid is still here and we are still in a pandemic, I have a topic where Macau is struggling to keep their casinos open despite the spike in their country
Macau's Casino Operation Continues Despite The Latest Outbreak
What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned.
Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant
Macau's Casino Operation Continues Despite The Latest Outbreak
What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned.
Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant
It's a bit of a confusing question really. In most normal societies launching an online casino is nothing special or unique, you see hundreds of them being advertised here, so why would it be some sort of exceptional idea for the Macau casinos to launch them? I'd be highly surprised if they aren't already operating online. China is a weird country, where they pretend to have private companies but in reality it all ties back to the authoritarian rule of the CCP. They used to be quite hands off, but we can see under Xi Jinping they are developing much stricter controls again and removing the illusion that companies have relatively free commerce, without interference from the corruption of a political dictatorship. Sadly I fear the revenues from such casinos will not necessarily be spent on making the life of the average Chinese citizen better, maybe just kept concentrated in the hands of a few.
August 03, 2022, 03:08:13 PM
Impressive to see that some other government around the world uses the same tactics as the government where I am located from several years now and from where bad or good it be I don't want to get moving again,I have created my legacy here so I am OK.The fact that the government takes a slice of every business is the same as where I live.In fact they were so massively involved in making gambling prohibited offline or online favoring clearly the brother of the Prime minister as only his website can be accessed online without VPN,all other websites that have the word "bet" in their domain are totally closed.Same with offline casinos,only the two big ones Regency and Grand are open,every body else was shut down.The two big ones are owned by deputy parliamentarians,they have big shares in them that is why they are open.
Corruption is the same all over the world. Somewhere it is allowed to grow and somewhere not. Any decision to have the state control something increases the possibility of corruption, so what is discussed in this thread has a simple answer: the government should not own any business. If this happens in a democratic country, then the abuses will be small (but they will definitely be), and if in a non-democratic country, then everything will end up with either the dictator directly or his relatives owning the business.
this situation no doubt will happen if their politicians are corrupt. they will act according to their personal interest. they will stop others to operate the same business as it will be looked at as competitors. corruption has the same face all over the world, so no matter where you are, you will see the same scenario if politicians are allowed to handle gambling business.
August 03, 2022, 01:06:12 PM
...//...,,,
Casinos managed by governments!, it doesn't matter, the government always makes a profit.
Governments can be bad at managing state resources but they are very good at collecting taxes, so if the casino is in loss they continue to charge the same, tax rates on casinos are really high, but there is so much money coming in that even despite the high taxes everyone wins.
That these funds are mismanaged is something else, of course there are countries that privatize and consequently there will be bad experiences, but it is something punctual and not general.
Yes, either way the government will have the benefit as the casinos will always make some profit at the end of the day but that is not the concern on why the government shouldn't own any casino or establishments connected in gambling. Why? It is because of the corruption, there is a very high chance that the department official that will be put in-charge will out corrupt that is connected in any way that could benefit himself/herself. Except of course if you will put a priest in that position which I think not possible in any way.
August 02, 2022, 08:59:25 PM
Impressive to see that some other government around the world uses the same tactics as the government where I am located from several years now and from where bad or good it be I don't want to get moving again,I have created my legacy here so I am OK.The fact that the government takes a slice of every business is the same as where I live.In fact they were so massively involved in making gambling prohibited offline or online favoring clearly the brother of the Prime minister as only his website can be accessed online without VPN,all other websites that have the word "bet" in their domain are totally closed.Same with offline casinos,only the two big ones Regency and Grand are open,every body else was shut down.The two big ones are owned by deputy parliamentarians,they have big shares in them that is why they are open.
Corruption is the same all over the world. Somewhere it is allowed to grow and somewhere not. Any decision to have the state control something increases the possibility of corruption, so what is discussed in this thread has a simple answer: the government should not own any business. If this happens in a democratic country, then the abuses will be small (but they will definitely be), and if in a non-democratic country, then everything will end up with either the dictator directly or his relatives owning the business.
Very close and that's reality, both in democratic and non-democratic country, corruptions are present. The control of the government over
to any business related ownership will always have stain of possible act of corruptions, even in some portion of it can really help to raise good amount
of money for the government, but we can't deny the fact that abuse from people behind will always remain.
August 02, 2022, 07:09:19 PM
...//...,,,
Casinos managed by governments!, it doesn't matter, the government always makes a profit.
Governments can be bad at managing state resources but they are very good at collecting taxes, so if the casino is in loss they continue to charge the same, tax rates on casinos are really high, but there is so much money coming in that even despite the high taxes everyone wins.
That these funds are mismanaged is something else, of course there are countries that privatize and consequently there will be bad experiences, but it is something punctual and not general.
August 02, 2022, 06:58:24 PM
Impressive to see that some other government around the world uses the same tactics as the government where I am located from several years now and from where bad or good it be I don't want to get moving again,I have created my legacy here so I am OK.The fact that the government takes a slice of every business is the same as where I live.In fact they were so massively involved in making gambling prohibited offline or online favoring clearly the brother of the Prime minister as only his website can be accessed online without VPN,all other websites that have the word "bet" in their domain are totally closed.Same with offline casinos,only the two big ones Regency and Grand are open,every body else was shut down.The two big ones are owned by deputy parliamentarians,they have big shares in them that is why they are open.
Corruption is the same all over the world. Somewhere it is allowed to grow and somewhere not. Any decision to have the state control something increases the possibility of corruption, so what is discussed in this thread has a simple answer: the government should not own any business. If this happens in a democratic country, then the abuses will be small (but they will definitely be), and if in a non-democratic country, then everything will end up with either the dictator directly or his relatives owning the business.
this situation no doubt will happen if their politicians are corrupt. they will act according to their personal interest. they will stop others to operate the same business as it will be looked at as competitors. corruption has the same face all over the world, so no matter where you are, you will see the same scenario if politicians are allowed to handle gambling business.
August 02, 2022, 06:42:56 PM
Impressive to see that some other government around the world uses the same tactics as the government where I am located from several years now and from where bad or good it be I don't want to get moving again,I have created my legacy here so I am OK.The fact that the government takes a slice of every business is the same as where I live.In fact they were so massively involved in making gambling prohibited offline or online favoring clearly the brother of the Prime minister as only his website can be accessed online without VPN,all other websites that have the word "bet" in their domain are totally closed.Same with offline casinos,only the two big ones Regency and Grand are open,every body else was shut down.The two big ones are owned by deputy parliamentarians,they have big shares in them that is why they are open.
Corruption is the same all over the world. Somewhere it is allowed to grow and somewhere not. Any decision to have the state control something increases the possibility of corruption, so what is discussed in this thread has a simple answer: the government should not own any business. If this happens in a democratic country, then the abuses will be small (but they will definitely be), and if in a non-democratic country, then everything will end up with either the dictator directly or his relatives owning the business.
The truth and the saddest part of it all is that the companies where the government is owned have gone bankrupt, that's because the government members use the services of the government company free. for example:
government airline = they always go bankrupt because government members travel for free
telecommunications companies = go bankrupt because government officials talk about free, they don't pay anything
That way, the poorer you get, but if it were under private management, companies would be more profitable and would pay taxes
I am not very clear about what the governments are like in other countries, or if in Europe I clearly think that the governments are much more transparent and ethical than in South America and may have enough ethics for it, but at least where I live, the things are not like that, first of all the government wants to manage everything and have its slice of money in each business that is generated, if it is not under their tutelage, then it simply does not happen, and if it happens secretly from the government they run with the risk of being imprisoned, therefore everything that is given in the name of a government, be it a casino or something similar, at least I would stay well away.
Good to hear that transparency still works from where you are, as from my location corrupt officials still exist,
we do have different opinions as per our experiences and out thinking about how the government will handle and operate
their own online gambling site.
If it's pro-people in terms of good sources of taxes and profits and it can be used properly for the government project
then it will be a good project for the government.
Yes, in part those who adhere to doing everything the government says and conditions, well, there is no problem and it can be opened to all people, of course I think that what they give to the government in monetary terms is quite a lot, but it is What must be done to stay active and offer the service, but given that the casinos have been out of the country for almost 20 years, anyone who wants to make a deal with the government is still very profitable. Of course, the few casinos that exist bring in a lot of money, I believe that a monopolization of the business will be generated for those who decide to take the risk.
with some casino could you make a deal with some government and that be profitable? I don't understand how this would be good for the casino? because the casino would have to keep paying taxes and respecting the laws, they wouldn't have any extra privileges with a government deal.
I wouldn't advise anyone to even trust the government for once if they allow bitcoin to be used in their casino,
I agree, if any casino owner trusts the governments then maybe this casino owner is a former member of the government or someone very important in the country's politics, in a scenario like this the casino owner can benefit from this partnership because many times in all this crime is involved
August 02, 2022, 10:26:52 AM
People don't trust the government anymore. Isn't that why bitcoin was created in the first place? With everything going on in the world they'd prefer to visit a casino not owned by the government. I think the role of the government here should simply be that of regulating the gambling industry. Just like the Netherlands, Australia and the UK are already doing.
Macau is well-known to house many casinos and they are mostly physical houses where people play, this is one of their big revenue purses to fund the country and the ones they launched online arent bitcoin base casino, looking at how the government are anti-bitcoin, they wouldn't want to add bitcoin except the ones that aren't funded by the government.
I wouldn't advise anyone to even trust the government for once if they allow bitcoin to be used in their casino, but if they embrace it as legal tender, then why not, I will be happy to play with them. I will like to see a country like El Salvador do something like this but should be Bitcoin to allow more of its adoption.
August 02, 2022, 10:03:28 AM
I am not very clear about what the governments are like in other countries, or if in Europe I clearly think that the governments are much more transparent and ethical than in South America and may have enough ethics for it, but at least where I live, the things are not like that, first of all the government wants to manage everything and have its slice of money in each business that is generated, if it is not under their tutelage, then it simply does not happen, and if it happens secretly from the government they run with the risk of being imprisoned, therefore everything that is given in the name of a government, be it a casino or something similar, at least I would stay well away.
Good to hear that transparency still works from where you are, as from my location corrupt officials still exist,
we do have different opinions as per our experiences and out thinking about how the government will handle and operate
their own online gambling site.
If it's pro-people in terms of good sources of taxes and profits and it can be used properly for the government project
then it will be a good project for the government.
Yes, in part those who adhere to doing everything the government says and conditions, well, there is no problem and it can be opened to all people, of course I think that what they give to the government in monetary terms is quite a lot, but it is What must be done to stay active and offer the service, but given that the casinos have been out of the country for almost 20 years, anyone who wants to make a deal with the government is still very profitable. Of course, the few casinos that exist bring in a lot of money, I believe that a monopolization of the business will be generated for those who decide to take the risk.
July 22, 2022, 08:21:05 AM
Impressive to see that some other government around the world uses the same tactics as the government where I am located from several years now and from where bad or good it be I don't want to get moving again,I have created my legacy here so I am OK.The fact that the government takes a slice of every business is the same as where I live.In fact they were so massively involved in making gambling prohibited offline or online favoring clearly the brother of the Prime minister as only his website can be accessed online without VPN,all other websites that have the word "bet" in their domain are totally closed.Same with offline casinos,only the two big ones Regency and Grand are open,every body else was shut down.The two big ones are owned by deputy parliamentarians,they have big shares in them that is why they are open.
Corruption is the same all over the world. Somewhere it is allowed to grow and somewhere not. Any decision to have the state control something increases the possibility of corruption, so what is discussed in this thread has a simple answer: the government should not own any business. If this happens in a democratic country, then the abuses will be small (but they will definitely be), and if in a non-democratic country, then everything will end up with either the dictator directly or his relatives owning the business.
July 22, 2022, 03:48:49 AM
Well, that is right and I think it needs a public audit so that the taxes will use properly not on the corrupt official's wallet.
Good luck on this one. Governments hate external audits, much more when it is conducted by people that came from the public. It just exposes their schemes and their underground transactions which will foil their corruption plans and some other schemes to make money off of public coffers. That's why I'm wary of government-owned businesses right now because the profits, as we know it, will surely go directly to the corrupt officials public and will not be given back to the public where it rightfully belongs.
We also have a gambling casino that is owned by our government --very common is that lottery followed by the PAGCOR [Philippine Amusement and Gaming Corporation] which is 100% owned by our government.
Philippine Charity and Sweepstakes Office (PCSO) owns and runs the lottery; PAGCOR only oversees the regulations imposed on any gambling activities within the Philippines. Both are 100% government-owned too.
July 22, 2022, 03:46:50 AM
If they can pick the right personnel to take over the chance of getting decent taxes and incomes from this plan
is really achievable, but if they will just place people who have hidden agendas to corrupt the system and to have power to
put their own money making system.
there's nothing to expect, but an abuse for the citizens of the country. Then again, everything will be good if the person
who will facilitate the business is pro-people / for the benefits of many, and nothing else.
Impressive to see that some other government around the world uses the same tactics as the government where I am located from several years now and from where bad or good it be I don't want to get moving again,I have created my legacy here so I am OK.The fact that the government takes a slice of every business is the same as where I live.In fact they were so massively involved in making gambling prohibited offline or online favoring clearly the brother of the Prime minister as only his website can be accessed online without VPN,all other websites that have the word "bet" in their domain are totally closed.Same with offline casinos,only the two big ones Regency and Grand are open,every body else was shut down.The two big ones are owned by deputy parliamentarians,they have big shares in them that is why they are open.
July 22, 2022, 03:31:28 AM
I am not very clear about what the governments are like in other countries, or if in Europe I clearly think that the governments are much more transparent and ethical than in South America and may have enough ethics for it, but at least where I live, the things are not like that, first of all the government wants to manage everything and have its slice of money in each business that is generated, if it is not under their tutelage, then it simply does not happen, and if it happens secretly from the government they run with the risk of being imprisoned, therefore everything that is given in the name of a government, be it a casino or something similar, at least I would stay well away.
Good to hear that transparency still works from where you are, as from my location corrupt officials still exist,
we do have different opinions as per our experiences and out thinking about how the government will handle and operate
their own online gambling site.
If it's pro-people in terms of good sources of taxes and profits and it can be used properly for the government project
then it will be a good project for the government.
We also have a gambling casino that is owned by our government --very common is that lottery followed by the PAGCOR [Philippine Amusement and Gaming Corporation] which is 100% owned by our government.
We know that the gambling industry exists because of the tax that they will get, which will help a lot the government I remember before when the economy was down because of the pandemic, they force to open the gambling industry so that there is a revenue source that has been collapsed.
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