You are thinking too much! Only tax evaders will not play at a Casino for tax reasons. KYC is already implemented by Online fiat Casino and even crypto casino is slowly implementing it. The only financial transaction the government can track while playing in the casino is the amount bet and amount won by the account.
The requirement for KYC is almost enforced for all casino sites for the purpose of verifying all user details to prevent any unwanted things, but government-owned casinos can allow the data of every transaction to be synced with the taxing agency so gamblers have to pay taxes on any winnings subject to withholding taxes, reports gambling losses, and others. I think gamblers are very uncomfortable for casinos involved in taxation. 
Topic: Government Owned Online Casinos What Do You Think Of Its Potential - page 4. (Read 1193 times)
July 06, 2022, 01:10:00 PM
July 06, 2022, 09:51:02 AM
wrong mate , because gamblers will still gamble no matter who runs the site , either private casinos or government owned and runs casino> those gambler will still find money and time to gamble so why not the government get that advantage?
addiction in gambling is exploring over the world , and as long as government is allowing gambling in their region ? addiction will continues , if you dont wanna deal with addiction then tell those countries to totally banned gambling so in that way maybe gamblers will be lessen.
addiction in gambling is exploring over the world , and as long as government is allowing gambling in their region ? addiction will continues , if you dont wanna deal with addiction then tell those countries to totally banned gambling so in that way maybe gamblers will be lessen.
In fact, it is very important who manages the casino and I think that most gamblers will avoid state-owned casinos and go either to competitors or to the black market altogether (thanks to the Internet and cryptocurrencies make this easy). When you play in a state-owned casino, you most likely need to be immediately ready for KYC, paying taxes on every win and monitoring your financial transactions - what kind of person needs this?
You are thinking too much! Only tax evaders will not play at a Casino for tax reasons. KYC is already implemented by Online fiat Casino and even crypto casino is slowly implementing it. The only financial transaction the government can track while playing in the casino is the amount bet and amount won by the account.
July 06, 2022, 09:08:40 AM
wrong mate , because gamblers will still gamble no matter who runs the site , either private casinos or government owned and runs casino> those gambler will still find money and time to gamble so why not the government get that advantage?
addiction in gambling is exploring over the world , and as long as government is allowing gambling in their region ? addiction will continues , if you dont wanna deal with addiction then tell those countries to totally banned gambling so in that way maybe gamblers will be lessen.
addiction in gambling is exploring over the world , and as long as government is allowing gambling in their region ? addiction will continues , if you dont wanna deal with addiction then tell those countries to totally banned gambling so in that way maybe gamblers will be lessen.
In fact, it is very important who manages the casino and I think that most gamblers will avoid state-owned casinos and go either to competitors or to the black market altogether (thanks to the Internet and cryptocurrencies make this easy). When you play in a state-owned casino, you most likely need to be immediately ready for KYC, paying taxes on every win and monitoring your financial transactions - what kind of person needs this?
July 06, 2022, 08:59:12 AM
Big money is going there and sure a lot of corruption really happens if it's related to the government. They can have it audited but they'll do some tricks for the records just for that money to go afloat and be owned by someone else. Not in a way that a gambler will win but it's like where they'll spend that for budgeting but the real thing won't exist or barely exist. I think most countries have a say on this and only a few will be in favor of it.
If the government really wants to build casinos in its name, they need to put officials who are completely free of corruption so that unwanted problems don't arise. In addition, the regulations that exist on these officers must be strict to avoid acts of corruption because that is the place where a lot of money will flow. I am sure that the government will be able to select officers free from corruption and other problems. If many members play in that place, the government can also monitor anyone who uses big money there and can request verification for their account.There are countries where they are partaking in the gambling industry and they are handling it well because it's one of the big source of taxation in their country.
July 05, 2022, 04:36:53 AM
Big money is going there and sure a lot of corruption really happens if it's related to the government. They can have it audited but they'll do some tricks for the records just for that money to go afloat and be owned by someone else. Not in a way that a gambler will win but it's like where they'll spend that for budgeting but the real thing won't exist or barely exist. I think most countries have a say on this and only a few will be in favor of it.
If the government really wants to build casinos in its name, they need to put officials who are completely free of corruption so that unwanted problems don't arise. In addition, the regulations that exist on these officers must be strict to avoid acts of corruption because that is the place where a lot of money will flow. I am sure that the government will be able to select officers free from corruption and other problems. If many members play in that place, the government can also monitor anyone who uses big money there and can request verification for their account.There are countries where they are partaking in the gambling industry and they are handling it well because it's one of the big source of taxation in their country.
July 05, 2022, 01:35:04 AM
I'm against it. The state should not be engaged in business. All public services are always worse than private ones and are always breeding grounds for corruption and theft of people's money. Do not forget that in theory what sounds like "the state will deal with it" in practice always turns into "an official deals with it."
Yes, as you said and if the state takes over gambling, with the argument that it is managed by a state institution, it is undeniable that the actor behind it is an official who controls it for personal or group interests.
but I agree if in my country to make a certain area a gambling arena intended for the purpose of sponsoring sports funds this has happened in my country before the gambling law became illegal.
We can't deny the fact that there are personalities who really pushing things to be more legal,
People behind who will benefit a lot hiding from some good deed that might be foreseen by the government, but
as long as the right process will be done, the benefits still consider being manageable by the government bodies who will
Facilitate the said gambling business. It's up to the judgement of high authority to accept or to legalize the actions.
July 05, 2022, 01:23:39 AM
They should resolve in creating new source of revenue other than crippling their citizens with revenues gotten from this casinos. Because this could lead to high gambling addiction and misplaced priority since they are government owned they will want to legalize gambling not for the sake of their citizens interest but for the sake of generating more revenues and making their citizens depend on betting for survival
wrong mate , because gamblers will still gamble no matter who runs the site , either private casinos or government owned and runs casino> those gambler will still find money and time to gamble so why not the government get that advantage?addiction in gambling is exploring over the world , and as long as government is allowing gambling in their region ? addiction will continues , if you dont wanna deal with addiction then tell those countries to totally banned gambling so in that way maybe gamblers will be lessen.
July 05, 2022, 01:22:16 AM
I'm against it. The state should not be engaged in business. All public services are always worse than private ones and are always breeding grounds for corruption and theft of people's money. Do not forget that in theory what sounds like "the state will deal with it" in practice always turns into "an official deals with it."
Yes, as you said and if the state takes over gambling, with the argument that it is managed by a state institution, it is undeniable that the actor behind it is an official who controls it for personal or group interests.
but I agree if in my country to make a certain area a gambling arena intended for the purpose of sponsoring sports funds this has happened in my country before the gambling law became illegal.
July 05, 2022, 01:06:01 AM
That is definitely true, a government shouldn't have a business where they need to put a certain person to officiate that same business because that's where the corruption usually starts especially if that includes generation of huge loads of money as that certain official will just make things in his/her favor. The only safe thing to do is just get the said revenues from these businesses and just let the private group to man this operations.
Big money is going there and sure a lot of corruption really happens if it's related to the government. They can have it audited but they'll do some tricks for the records just for that money to go afloat and be owned by someone else. Not in a way that a gambler will win but it's like where they'll spend that for budgeting but the real thing won't exist or barely exist. I think most countries have a say on this and only a few will be in favor of it.
July 05, 2022, 12:27:45 AM
Maybe, as long as the government knows it can benefit they will always take advantage of the opportunity. Then it can really help gamblers especially during this time of pandemic as well, that even if the players are only at home they can still gamble through online casinos.
And that's the advantages of being a government owned for the casinos. It is an another assets of course just simple as that.
Perhaps, the majority of the country all over the places now had their owned casinos online so far.
And even there are other casino online, I guess some of them are also regulated where under by the by the
government as well.
And that's the advantages of being a government owned for the casinos. It is an another assets of course just simple as that.
Perhaps, the majority of the country all over the places now had their owned casinos online so far.
And even there are other casino online, I guess some of them are also regulated where under by the by the
government as well.
Owning a casino is very profitable especially if it's the government because they control the regulations, but the real question is, does it really benefit the people? If it's an obvious yes, then why not all country have their government owned casino?
July 04, 2022, 11:40:24 PM
Maybe, as long as the government knows it can benefit they will always take advantage of the opportunity. Then it can really help gamblers especially during this time of pandemic as well, that even if the players are only at home they can still gamble through online casinos.
And that's the advantages of being a government owned for the casinos. It is an another assets of course just simple as that.
Perhaps, the majority of the country all over the places now had their owned casinos online so far.
And even there are other casino online, I guess some of them are also regulated where under by the by the
government as well.
And that's the advantages of being a government owned for the casinos. It is an another assets of course just simple as that.
Perhaps, the majority of the country all over the places now had their owned casinos online so far.
And even there are other casino online, I guess some of them are also regulated where under by the by the
government as well.
July 04, 2022, 11:30:38 PM
When government gets into this act, automatically people loss their trust. This will happen over the gambling platform as well as over the process. Right now people believe the fair operation of the Casinos, later if someone close to the government wins a jackpot the same will turn to be controversy. So, governments have more other industries to concentrate and build the revenue than just focusing on the gambling industry.
There were more small countries same as Macau, and are good with their economic status. They have got different plans and not accumulated over one specific industry.
There were more small countries same as Macau, and are good with their economic status. They have got different plans and not accumulated over one specific industry.
July 04, 2022, 11:22:23 PM
They should resolve in creating new source of revenue other than crippling their citizens with revenues gotten from this casinos. Because this could lead to high gambling addiction and misplaced priority since they are government owned they will want to legalize gambling not for the sake of their citizens interest but for the sake of generating more revenues and making their citizens depend on betting for survival
I don't really think a good government will gonna permit such a thing to happen even though they struggling with their economy because it brings more harm than cure when you look at how will it end up. Of course, from the start they can feel the good thing about it, money is easy and the bad side comes after when the players don't have any more money to play. Looks like this is the main reason why we don't see such government exist today they fear what might about to happen in the future.
July 04, 2022, 09:41:38 PM
The one positive to government owning gambling operations is it would help to subsidize fiscal budget and alleviate tax revenue requirements. However theres much need for direct government involvement, even China allows 3rd parties to operate various establishments via a licensing arrangement. Basically alot of modern business is operated like a Royal charter from a thousand years ago, people complain about capitalization but we dont essentially have that economy of business in operation most of the time.
July 04, 2022, 06:55:54 PM
Government have no business in business rather it's role is to make favorable policies and create a conducive environment for business to operate smoothly. In my country the government is not a good businessman. Most of government business has collapse due to corruption, tribalism and inefficiency. Hence, if government establishes online casinos it is bound to fail except they privatize them. If the insist to run them, these casinos would be marred by corruption and low services. I don't think I would encourage anyone to play games in any government online casino.
This happens not only in your country, but absolutely in any other, even the most civilized one. Such is human nature - if you dispose of something, then one way or another you will dispose of it in your favor and no things, even like the death penalty (look at the example of China), will change anything. The only chance to avoid corruption is to remove its possibility - that is, an official should not conduct business at all, this is the business of private individuals.
That is definitely true, a government shouldn't have a business where they need to put a certain person to officiate that same business because that's where the corruption usually starts especially if that includes generation of huge loads of money as that certain official will just make things in his/her favor. The only safe thing to do is just get the said revenues from these businesses and just let the private group to man this operations.
applied truly on where it should be applied then i dont think that there would be issues but the main question is, would they fully make use of government funds to build that casino or they would really
be making use of their personal and make some cooperative and sharing up revenues? this is where next questions needed to be answered.
July 04, 2022, 06:21:36 PM
That is definitely true, a government shouldn't have a business where they need to put a certain person to officiate that same business because that's where the corruption usually starts especially if that includes generation of huge loads of money as that certain official will just make things in his/her favor. The only safe thing to do is just get the said revenues from these businesses and just let the private group to man this operations.
Big money is going there and sure a lot of corruption really happens if it's related to the government. They can have it audited but they'll do some tricks for the records just for that money to go afloat and be owned by someone else. Not in a way that a gambler will win but it's like where they'll spend that for budgeting but the real thing won't exist or barely exist. I think most countries have a say on this and only a few will be in favor of it. 
July 04, 2022, 06:11:47 PM
I don't like anything centralized and I wouldn't support a government casino. That's one point a libertarian could make.
The other is that we are all free to do what we want in business and that should include the government as long as it plays by the rules and doesn't take over other people's businesses or give itself a license and nobody else to eliminate the competition.
You should expect this to happen sooner or later because governments have too much power and they like to abuse it. After all they're just people.
The other is that we are all free to do what we want in business and that should include the government as long as it plays by the rules and doesn't take over other people's businesses or give itself a license and nobody else to eliminate the competition.
You should expect this to happen sooner or later because governments have too much power and they like to abuse it. After all they're just people.
You don't like anything centralized yet you will implement it once you have your family.
Anyway, it is your right whether to support or not your country's means of income. As for me I don't mind the government controlling the gambling activity in my country. If a Casino can fund several projects of government then I don't mind the government owning them (Casino). Besides letting private companies monopolize a country's gaming industry will make the government earn less. From 100% income if the government own the casino down to 15%-30% tax if a private company own them. Let alone these private company also knows how to cheat the Government of its taxes. July 04, 2022, 02:19:28 PM
I don't like anything centralized and I wouldn't support a government casino. That's one point a libertarian could make.
The other is that we are all free to do what we want in business and that should include the government as long as it plays by the rules and doesn't take over other people's businesses or give itself a license and nobody else to eliminate the competition.
You should expect this to happen sooner or later because governments have too much power and they like to abuse it. After all they're just people.
The other is that we are all free to do what we want in business and that should include the government as long as it plays by the rules and doesn't take over other people's businesses or give itself a license and nobody else to eliminate the competition.
You should expect this to happen sooner or later because governments have too much power and they like to abuse it. After all they're just people.
June 29, 2022, 01:35:39 PM
Government have no business in business rather it's role is to make favorable policies and create a conducive environment for business to operate smoothly. In my country the government is not a good businessman. Most of government business has collapse due to corruption, tribalism and inefficiency. Hence, if government establishes online casinos it is bound to fail except they privatize them. If the insist to run them, these casinos would be marred by corruption and low services. I don't think I would encourage anyone to play games in any government online casino.
This happens not only in your country, but absolutely in any other, even the most civilized one. Such is human nature - if you dispose of something, then one way or another you will dispose of it in your favor and no things, even like the death penalty (look at the example of China), will change anything. The only chance to avoid corruption is to remove its possibility - that is, an official should not conduct business at all, this is the business of private individuals.
That is definitely true, a government shouldn't have a business where they need to put a certain person to officiate that same business because that's where the corruption usually starts especially if that includes generation of huge loads of money as that certain official will just make things in his/her favor. The only safe thing to do is just get the said revenues from these businesses and just let the private group to man this operations.
June 28, 2022, 09:53:55 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
As long as they have the fund, and ruled by the companies they can stand for sure even they are facing pandemic period of time, and besides Macau is not the only country facing this circumstances.
Besides, there are some people who are jobless and don't have anything, so their small capital probably will be use for hoping to win in the gambling casinos, therefore, if these people are many Macau could possibly survive anyhow..
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