Government Owned Online Casinos What Do You Think Of Its Potential - page 5.

KTChampions

legendary

Activity: 2562

Merit: 1978

Leading Crypto Sports Betting & Casino Platform

Quote from: Zlantann on June 28, 2022, 01:46:12 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.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Zlantann on June 28, 2022, 01:46:12 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.

You cant really be sure that they arent owning some business which is operating on a certain country yet we know that they are really good on masking out theirselves and pretending that they are just simply running or

letting off businesses which we cant be even sure off if they do own one of those businesses that running around.You cant really able to determine on having that but if they do tend to make out some announcement or

letting the community know that they are making such operation then i dont see anything wrong with that as long the services is good and could really be beneficial in terms of economic aspect.
Doesnt really matter if a casino is been run by the government or run by a private individual because revenue would be always taxed, there might be difference in % but wont really be that much.

Zlantann

legendary

Activity: 1064

Merit: 1101

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.

ShowOff

legendary

Activity: 2618

Merit: 1181

OP, If you ask me, then I'm bold enough to say that the government doesn't need to have its own casinos to make a profit. So far the government through tax laws has benefited a lot from gamblers and casino owners. The licenses they issue will yield far better profits than having to own their own casino.

As with any trading platform, the government just needs to regulate and license any platform to make a profit. So I believe that if the main goal is to make a profit, then the government doesn't need to own its own casino. I heard Singapore has a number of licensed land-based casinos, does the government have one of them? Apparently not.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Maslate on June 28, 2022, 01:02:42 PM

Quote from: harizen on June 26, 2022, 06:10:36 PM

Quote from: Maslate on June 26, 2022, 01:18:57 PM

That's much better because the government itself owns that 100% entirety of the casinos all over the country and its mandate was to be controlled and report to the Office of the President. That said $600 Million or ₱30 Billion was the revenue of the 1st trimester and not the whole year so imagine how would a country benefit for that whole year, unfortunately, I think that funds was already exhausted because Covid-19 wrecked havoc in the following year.

Not that totally exhausted because lots of gambling firms under the regulation of PAGCOR were also hyped during the pandemic and one of the popular ones is the e-sabong. Because of the hyped on these games, the government was able to sustain the revenues coming from gambling.

As per the report, E-sabong gives the government Php 642 million a month. Imagine, it's a billion figures in just a year, and take note, physical casinos are not even operating and this revenue is just for e-sabong alone. What's more, if it includes other gambling?

That gives way for the government to continue providing funding for hospitals and medicine-related stuff aside from the usual spending on infrastructure for example. That's how well the gambling industry here in PH that's why taking down illegal ones are a priority.

Yes, right! Sorry, I totally forgot about E-Sabong's existence in the midst of pandemic, that surely helped the government to sustain the economy and revenues despite almost all places that could produce revenues are closed at that moment. Php 642 Million a month? That's already 1.2 Billion pesos in just 2 months and I think E-Sabong has been around for 2 years+ if I'm not mistaken.

E-sabong is quite famous in Philippines but I didn't know that the revenues are reaching 642 million pesos a month! Just wow! E-sabong really helps the government in terms of income but there's a lot of issues and it's currently banned in Philippines right now. As far as I know they did try to re-operate by using cryptocurrency as mode of payment. I've heard that the operations are done underground according to my friend who is an agent in e-sabong before. Imagine how much money did the operators got from the operation of e-sabong.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: harizen on June 26, 2022, 06:10:36 PM

Quote from: Maslate on June 26, 2022, 01:18:57 PM

That's much better because the government itself owns that 100% entirety of the casinos all over the country and its mandate was to be controlled and report to the Office of the President. That said $600 Million or ₱30 Billion was the revenue of the 1st trimester and not the whole year so imagine how would a country benefit for that whole year, unfortunately, I think that funds was already exhausted because Covid-19 wrecked havoc in the following year.

Not that totally exhausted because lots of gambling firms under the regulation of PAGCOR were also hyped during the pandemic and one of the popular ones is the e-sabong. Because of the hyped on these games, the government was able to sustain the revenues coming from gambling.

As per the report, E-sabong gives the government Php 642 million a month. Imagine, it's a billion figures in just a year, and take note, physical casinos are not even operating and this revenue is just for e-sabong alone. What's more, if it includes other gambling?

That gives way for the government to continue providing funding for hospitals and medicine-related stuff aside from the usual spending on infrastructure for example. That's how well the gambling industry here in PH that's why taking down illegal ones are a priority.

Yes, right! Sorry, I totally forgot about E-Sabong's existence in the midst of pandemic, that surely helped the government to sustain the economy and revenues despite almost all places that could produce revenues are closed at that moment. Php 642 Million a month? That's already 1.2 Billion pesos in just 2 months and I think E-Sabong has been around for 2 years+ if I'm not mistaken.

|MINER|

sr. member

Activity: 1274

Merit: 457

Quote from: crzy on June 27, 2022, 04:37:58 PM

In a countries where gambling is very active this can be a good one but in our case, since we are a developing country or a third world country, owning a casino will take a lot of money and a huge responsibility which I think our government itself can’t handle it so its better to rely on private companies than to create on. I think this idea will only matter if you are in a good country.

I will not disagree what you say. Yes, it is true that casinos in developing countries or third world countries are very difficult to maintain officially. In the countries where corruption is more, casinos are more for the worse than for the better . Because there is black money directly. For this reason, in many developing or Third World countries were casino, gambling is still banned. But if they start monitoring this site, I think they can get a good revenue from here too.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: serjent05 on June 27, 2022, 04:50:14 PM

That is a sound argument but if you look at the calculation assuming that tax is around 20%, it means the government will be losing 80% of the generated income from the casino. Corruption sprouts anywhere, so we aren't sure that the casino will be declaring the right income. Thus other losses by the government. Expenses on these 600 employees are just dust compared to the possible income of the government if they own the casino. I don't think it is worth giving away the ownership of the casino just to avoid paying the salaries and benefits of these 600 employees.

Not totally losing the whole 80% as there are casinos that will operate even during the pandemic. Don't just look at the figures too as just by doing Math even 10% summed a good value. What's more for 20%, 30% and so on. We are referring to Macau here right where it mentioned on another thread that 80% of the country's revenue came from gambling.

Even if they will not reach the expected 80% of their revenue because of lockdown there, as long as gambling operations are continues, what matters here is, that the money is still flowing to them on their revenue. Soon, all operations will be back to normal and 80% will be achieved again.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Slow death on June 27, 2022, 06:56:37 AM

Just imagine the following scenario:

The government of country Z has 30 casinos throughout the country, all 30 casinos are owned by the government, in each casino there are 20 employees, that means that the government has to pay salaries to 600 employees, the government will have to give reforms to 600 employees when those employees retire. And also when every high-ranking official of the political party that governs the country wants to play without spending money and put it in the government account he can do it whenever he wants, who will stop him?

Now if the 30 casinos are in the hands of the people and not the government, it will be 600 fewer people that the government will have to spend on salaries and pensions and there will be no corruption from some high-ranking official of the political party that governs the country to play for free

I think you watch movies too much.

In that scenario, the total spending of the government is just a piece of candy for a country that has a healthy industry in gambling. And besides, there's a certain tier where employees will be qualified for retirement benefits. We are not talking about just 10 years of service and I doubt most employees there will remain working for casinos for most of their lifetime.

In the 2nd scenario, what do you mean by if casinos are in the hands of the people? Are there casinos that are run by it? Do you mean private? Then it's not that good for the government as they are just getting taxes here instead of the pure revenue.

What are you trying to point out on your given example? Can you elaborate?

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

Quote from: Slow death on June 27, 2022, 06:56:37 AM

Just imagine the following scenario:

The government of country Z has 30 casinos throughout the country, all 30 casinos are owned by the government, in each casino there are 20 employees, that means that the government has to pay salaries to 600 employees, the government will have to give reforms to 600 employees when those employees retire. And also when every high-ranking official of the political party that governs the country wants to play without spending money and put it in the government account he can do it whenever he wants, who will stop him?

Now if the 30 casinos are in the hands of the people and not the government, it will be 600 fewer people that the government will have to spend on salaries and pensions and there will be no corruption from some high-ranking official of the political party that governs the country to play for free

That is a sound argument but if you look at the calculation assuming that tax is around 20%, it means the government will be losing 80% of the generated income from the casino. Corruption sprouts anywhere, so we aren't sure that the casino will be declaring the right income. Thus other losses by the government. Expenses on these 600 employees are just dust compared to the possible income of the government if they own the casino. I don't think it is worth giving away the ownership of the casino just to avoid paying the salaries and benefits of these 600 employees.

romero121

legendary

Activity: 3234

Merit: 1214

DGbet.fun - Crypto Sportsbook

Quote from: Sirait on June 27, 2022, 12:45:03 PM

Quote from: Newlifebtc on June 27, 2022, 08:05:52 AM

Quote from: Sirait on June 27, 2022, 02:06:51 AM

cut

No country government will be in support of gambling so saying that the government will manage gambling I think it's a wrong idea in all form because government agitate for gambling that is why gambling is not officially legalized in some certain City and people who play it play it in a hidden way so government can never manage gambling because it is prohibited.

As far as I know, currently there are 3 countries in the world that fully legalize gambling in their country without city limits, namely Hong Kong, Spain and Italy cmiiw. but on average the gambling business there is managed by the private sector (because maybe the government in that country is aware that it is not easy to manage it). Gambling is not an easy business, even the government may not be able to manage it if given the opportunity.

Another thing, the government itself can be wrecked with the term gambling. It is not fair for a government to run gambling business. This is my personal view on any government owning the gambling services. The responsibility of the government is to fulfill the basic needs of the people. When it comes to gambling, it can ruin one's life as well as can enrich someone's life. So, government can't and should not get into such an act.

crzy

full member

Activity: 2128

Merit: 180

Quote from: |MINER| on June 27, 2022, 12:15:27 PM

Quote from: fortunecrypto on June 22, 2022, 06:08:45 AM

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 we know that , there are many countries that already getting a good revenue from casinos. But this was another step , In my looks I think they will definitely getting a good support and As a result of owning the government, people's trust in them will increase and domestic and foreign investors will be attracted to invest there. So yes , I think obviously they will get a big slice of market.

In a countries where gambling is very active this can be a good one but in our case, since we are a developing country or a third world country, owning a casino will take a lot of money and a huge responsibility which I think our government itself can’t handle it so its better to rely on private companies than to create on. I think this idea will only matter if you are in a good country.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Sirait on June 27, 2022, 12:45:03 PM

Quote from: Newlifebtc on June 27, 2022, 08:05:52 AM

Quote from: Sirait on June 27, 2022, 02:06:51 AM

cut

No country government will be in support of gambling so saying that the government will manage gambling I think it's a wrong idea in all form because government agitate for gambling that is why gambling is not officially legalized in some certain City and people who play it play it in a hidden way so government can never manage gambling because it is prohibited.

As far as I know, currently there are 3 countries in the world that fully legalize gambling in their country without city limits, namely Hong Kong, Spain and Italy cmiiw. but on average the gambling business there is managed by the private sector (because maybe the government in that country is aware that it is not easy to manage it). Gambling is not an easy business, even the government may not be able to manage it if given the opportunity.

Management problem? I dont see that this is a main reason on why there are government who doesnt really tend to make out their own casinos but rather letting those private business owners would do the thing.
For sure there are some reasons about possible impressions towards the society and they are really just tending to avoid such issue that they are letting gambling for the benefit of the whole country?
thats if those taxes and revenues would really be applied on the right way and not to be corrupted then i dont see a problem but if it does happen the other way around then for sure
they would really be taking all the blame and they dont really like that but those are just my presumptions.We dont actually know on whats the reason on why they arent tending to
make their own on their respective vicinity if they are really aiming for supporting economic development.?

Sirait

full member

Activity: 1890

Merit: 101

Quote from: Newlifebtc on June 27, 2022, 08:05:52 AM

Quote from: Sirait on June 27, 2022, 02:06:51 AM

cut

No country government will be in support of gambling so saying that the government will manage gambling I think it's a wrong idea in all form because government agitate for gambling that is why gambling is not officially legalized in some certain City and people who play it play it in a hidden way so government can never manage gambling because it is prohibited.

As far as I know, currently there are 3 countries in the world that fully legalize gambling in their country without city limits, namely Hong Kong, Spain and Italy cmiiw. but on average the gambling business there is managed by the private sector (because maybe the government in that country is aware that it is not easy to manage it). Gambling is not an easy business, even the government may not be able to manage it if given the opportunity.

|MINER|

sr. member

Activity: 1274

Merit: 457

Quote from: fortunecrypto on June 22, 2022, 06:08:45 AM

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 we know that , there are many countries that already getting a good revenue from casinos. But this was another step , In my looks I think they will definitely getting a good support and As a result of owning the government, people's trust in them will increase and domestic and foreign investors will be attracted to invest there. So yes , I think obviously they will get a big slice of market.

Newlifebtc

member

Activity: 686

Merit: 21

Quote from: Sirait on June 27, 2022, 02:06:51 AM

Quote from: smartaction on June 26, 2022, 08:33:38 PM

Quote from: fortunecrypto on June 22, 2022, 06:08:45 AM

cut

It will get a much better support. If it is under the control of the government of that country. Gamblers from other countries, including the people of that country, will be interested in investing there and will gain confidence. The government will also get a lot of revenue from there. It will boost the economy of that country.

I even see the potential for huge losses that will be experienced by the country if the government manages gambling. the government does not have a solid foundation or experience in managing the gambling business, when there is fraud then they will automatically be confused to solve it. until now gambling is managed by the private sector while the government only receives taxes from gambling every month and it makes a balance in this business.

No country government will be in support of gambling so saying that the government will manage gambling I think it's a wrong idea in all form because government agitate for gambling that is why gambling is not officially legalized in some certain City and people who play it play it in a hidden way so government can never manage gambling because it is prohibited.

Saisher

full member

Activity: 2324

Merit: 175

Quote from: Slow death on June 27, 2022, 06:56:37 AM

Quote from: smartaction on June 26, 2022, 08:33:38 PM

Quote from: fortunecrypto on June 22, 2022, 06:08:45 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

It will get a much better support. If it is under the control of the government of that country. Gamblers from other countries, including the people of that country, will be interested in investing there and will gain confidence. The government will also get a lot of revenue from there. It will boost the economy of that country.

Just imagine the following scenario:

The government of country Z has 30 casinos throughout the country, all 30 casinos are owned by the government, in each casino there are 20 employees, that means that the government has to pay salaries to 600 employees, the government will have to give reforms to 600 employees when those employees retire. And also when every high-ranking official of the political party that governs the country wants to play without spending money and put it in the government account he can do it whenever he wants, who will stop him?

Now if the 30 casinos are in the hands of the people and not the government, it will be 600 fewer people that the government will have to spend on salaries and pensions and there will be no corruption from some high-ranking official of the political party that governs the country to play for free

That's the government's expenditure but consider the huge profit if the casinos they operated are raking huge revenues they get all the profit, not just taxes so if one casino is making $1 million dollars a night that's 30 million for all the casinos and even if the expenditure is 30% he still get huge revenue, and this is only the casinos not to mention the industry that relies on casinos, if the government has control on those industries then the government can rely on all their needs to the casino industry.

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: smartaction on June 26, 2022, 08:33:38 PM

Quote from: fortunecrypto on June 22, 2022, 06:08:45 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

It will get a much better support. If it is under the control of the government of that country. Gamblers from other countries, including the people of that country, will be interested in investing there and will gain confidence. The government will also get a lot of revenue from there. It will boost the economy of that country.

Just imagine the following scenario:

The government of country Z has 30 casinos throughout the country, all 30 casinos are owned by the government, in each casino there are 20 employees, that means that the government has to pay salaries to 600 employees, the government will have to give reforms to 600 employees when those employees retire. And also when every high-ranking official of the political party that governs the country wants to play without spending money and put it in the government account he can do it whenever he wants, who will stop him?

Now if the 30 casinos are in the hands of the people and not the government, it will be 600 fewer people that the government will have to spend on salaries and pensions and there will be no corruption from some high-ranking official of the political party that governs the country to play for free

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: vennali on June 27, 2022, 02:26:17 AM

snip

Maybe so but if gambling is legal in their country, the government might try to run the casino under their control. In addition, by running a casino under the supervision of the government, people will feel safe and calm playing gambling there because the casino will not have bad intentions towards its members. But it will all come back to the government itself. But it's possible, there are some government people who will try to set up their casino because they want to get a source of income that they can get after they retire.

rahmad2nd

legendary

Activity: 2548

Merit: 1009

Leading Crypto Sports Betting & Casino Platform

Macau is one of the largest gambling centers in Asia, regarding this thread the pros and cons will always color this discussion, apart from that members have expressed their respective opinions.
I'm not an expert but I think that policy is the prerogative of the government and regarding this I will add another matter concerning Macau,
Let me add that at this time Macau issued 4 new regulations for every visitor /tourist to be able to enter the casino or go around the casino.
These four conditions must be met
1. Show ID CARD
2. Use a mask
3. Check body temperature
4. Doctor's letter (must have a local doctor's certificate free of covid.

maybe this addition can be a reference for those who want to visit

Topic: Government Owned Online Casinos What Do You Think Of Its Potential - page 5. (Read 1193 times)