Government Owned Online Casinos What Do You Think Of Its Potential - page 8.

adzino

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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

I doubt there are any country whose economy completely depends on the casinos/gambling. In fact, I think casino doesn't even affect much the economy of any country as a whole. Yeah, there may be "states" or "cities" that depends on casinos, but never a country as a whole.

I don't think it would matter to anyone if it is government owned or a privately owned casinos. People will play where they feel comfortable and has more provision and facilities.

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

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.

Just to inform you that in most countries, there's already a gambling-owned firm by the government. I'm referring to a lottery.

There's no need for a country to establish its own casinos as not all countries obviously don't have the same status as Macau. In Macau, it's no doubt that most of their revenue came from gambling as that's the well-performing industry there since then. They are not performing well in other types of industries. In other countries, there are lots of other performing industries that are now slowly recovering to the point that every revenue that will come from gambling is just considered a side revenue.

What the government must do is strictly regulate all gambling operators and take down those illegal ones. In that way, the tax from gambling will smoothly run and people will always play on those legit gambling operators only.

Slow death

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the more a government has government companies, the greater the government's expenditure on salaries and this is not a good thing, governments need to let private companies make companies and governments collect taxes, it makes no sense for any government to have a casino, what any government of common sense will make and simply let the private ones have casinos and the governments collect taxes, with that I want to add that this country could encourage companies to create online casinos and they collect taxes. if covid cases are increasing then government can tell land based casino owners in the country to create online casinos, that way physical casino owners keep customers and profits even when covid cases are high when they create online casino and the government collected tax

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It will still depend on the likes of the citizens or their customers. There are gamblers that are okay with the adoption of new tech and styles of gambling. So from gambling physically, they're totally okay to gamble online and once they had fun and it's convenient, they'll continue to gamble online. But there are the gamblers that like to gamble only physically and they don't like to play online but once it's implemented, they'll be forced to try it out, and eventually, they'll get used to it whether they like it or not.

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

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.

A city or state depending on casinos as main source of revenue are understandable but country doing that is totally wrong. Firstly such country won't be favorable to casino owners as there would be too much tax pressure on them which might cripple the casinos. Cities such as Las Vegas could rely totally on casinos as state revenue as they're many tourist attractions in the state to draw in visitors. Government owned businesses can't be compared to that of private sector as such it would be unprofitable for government to go into this sector.

There would be lots of politicing and that isn't conducive for businesses especially those that has alot to do with behavior (emotion) just as gambling is. Casinos should be left for the private business owner while the government rely on getting tax payment from them and utilized the tax money in investing in other sector that'll be productive to their citizens.

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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

Honestly, I never found this in my country and probably will never Grin

Btw, this decision may relate to the income of the country. We know that gambling may become one of the big income sources for certain countries, moroever if the casinos are legal there. Many people will play gambling very much, visit casinos after a long time no visit because of a pandemic. The opening for casinos will give a certain impact, especially to the economic or financial condition in the country. We know that Macau is one of the countries with big casino and gambling activities.

iv4n

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I guess it's not so important who is running it, it's more about how they do it! In the end, the government is just one big company with a lot of employees... if you have the right people in the right places it's a win-win situation and the government/company will develop and make a profit over time! I believe we all know what's happening with governments/companies with incompetent people in leading places!?

Well, Macau, Las Vegas, and maybe a few other cities are unique! These cities decided to go their own way and they hit a jackpot! I think we can't compare these cities with the rest of the world!

Quote from: KTChampions on June 22, 2022, 04:46:51 PM

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."

It's like that in my country as well, public services are worse than private ones. But it's because I live in a fuckedup country with totally incompetent people in the leading places, and it's been like that for decades... so now we are where we are!

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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."

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Quote from: Beparanf on June 22, 2022, 08:42:40 AM

I doubt theywill do that since they are the one regulating and giving it a license. They are earning a lot passively by just taking tax on casinos without the risk of losing money and thinking about the employee payroll. This will cause too a lot of contreversy since Government is design to serve people using the tax that they get and not by doing business and destroy the life of there citizen.

Although government sometimes have there ownl lottery but they used the proceeds kn charity works while lottery is not addicting compared to casino.

The work to regulate those casinos are way better than to have their own government owned online gambling, and its more profitable if the government slowly allow those casinos to back in operation especially now that it looks like there’s no pandemic anymore in most of the countries. People are slowly living with the virus, and later on Covid will be treated as an ordinary flu and that could be a good opportunity to those casinos to come back in operation. Government will do everything to collect taxes, but creating an online casino might not be the option for them.

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Quote from: Zackgeno96 on June 22, 2022, 04:05:05 PM

Ultimately, this is of course a good revenue model for the government. They prescribe everything that people should not get into trouble because of gambling, but in the meantime they are allowed to advertise gambling sites on all kinds of different channels. That is of course very contradictory. Ultimately, the government only thinks about converting money, whether it's gambling or computer science, it doesn't matter.

Those are just showing pretending that they do have concern into their citizens or just making themselves to look that they do really care but they don't actually minding about those stuffs yet they would be prioritizing revenue than on their citizens condition but we'll there are some government which do actually care honestly but only few in numbers.You could really commonly see those ads which I do say in my mind "meh".. Cool

Very contradicting but deep inside they are really just minding on how to make more money and since they are running off a casino business then it would really be that normal to have those kind of reminders or
warnings about addiction but in overall they dont really care because the more addicted gamblers then the more revenue that they could made which we know that it would really be that positive.

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Quote from: Ulven on June 22, 2022, 02:58:58 PM

I think there is no country in the world that completely depends on casinos for their revenue. I mean, there are some countries who also have gambling industry, but it does not affect their economy that much. It's only good if it caters to tourists and the citizens will have their job in a casino. And If the government launches a casino online, surely it could be a good thing for them. They could gain a share of online gambling and earn more comparing to today. It is absolutely a great idea.

But you see, Macau is different as they get their revenue for the casino itself, 80% of it. So they are really depended on it that they are not willing to shut it down because of new cases of the virus.

As for the potential? why not? if the government can maximized the profits they are getting from the casinos and then used that money to other ways that can help their population, they would take that risk.

Zackgeno96

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Ultimately, this is of course a good revenue model for the government. They prescribe everything that people should not get into trouble because of gambling, but in the meantime they are allowed to advertise gambling sites on all kinds of different channels. That is of course very contradictory. Ultimately, the government only thinks about converting money, whether it's gambling or computer science, it doesn't matter.

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Quote from: Johnyz on June 22, 2022, 03:56:08 PM

On a country that depends so much on the casinos income, the government should really think for a better solution but I don’t think creating their own online site is a good idea, its actually better to encourage those casinos to innovate so they can still make money. Private companies can do this so there’s no need for the government owned site, online casinos are growing most probably its already available on most of the countries where gambling is legal.

Macau being a small country with a limited population less tha a million finds it hard to generate revenue. This is the reason why it always depends on revenue out of the Casinos. The country have turned themselves popular for gambling and gained the appreciation as Las Vegas of Asia. Just because people are getting into the country to experience casinos, there is little revenue. If the same is developed online surely the country will loss revenue. Another thing, it is time to think of an alternate to generate revenue amidst the pandemic.

ChiBitCTy

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I would be surprised if there weren't any government owned casinos at all currently. I think this would create a mixed bag. One big leg up is that the Casinos would likely make many feel a lot more comfortable in the trust side of things. Not only would it make people feel more safe, many would also likely feel safe in regards to gambling in a fully legal aspect, where there's no questions about whether you're gambling legally. I see both Pros and Cons, for me personally, I wouldn't want to use them.

Johnyz

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On a country that depends so much on the casinos income, the government should really think for a better solution but I don’t think creating their own online site is a good idea, its actually better to encourage those casinos to innovate so they can still make money. Private companies can do this so there’s no need for the government owned site, online casinos are growing most probably its already available on most of the countries where gambling is legal.

Wiwo

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Government is only after regulations and revenue generation, if the government decided to own casino houses that may produce some confidence in the players and reputation may be high, but then the management may be poor if stringing rules and regulations are not in place to guide the operation of the casino. Covid-19 has made online casinos the next best option and the government will also want to take advantage of that too but then the well-being of their citizens should also be considered, in other to avoid getting a population of gambling addicts a mechanism should be put in place to check the gambling behavior of the citizens since the casino will be legal across the country.

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For me, it depends on the country that owns the casino, if its a country like mine or my own country, I wouldn't dare deposit my money on such casino or even play there, Not all government can be trusted, though they are supposed to be our saviors, but the truth remains that most government of different countries of the world have failed its citizens, like my country for example, government of my country has failed us mostly especially the youths , if government of my country launch an online casino today, we the citizens know its just an avenue for them to steal/loot more money from us, so I highly doubt anybody would play on such casino except those who don't know the kind of government they have.

Ulven

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I think there is no country in the world that completely depends on casinos for their revenue. I mean, there are some countries who also have gambling industry, but it does not affect their economy that much. It's only good if it caters to tourists and the citizens will have their job in a casino. And If the government launches a casino online, surely it could be a good thing for them. They could gain a share of online gambling and earn more comparing to today. It is absolutely a great idea.

Cling18

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If the government will create their own online casino, it will just open another door for corruption. We all know that there are lots of corrupt politicians and they will only take advantage of this kind of opportunity. Online casinos could actually save a shrinking economy through their taxes but if the government will intervene, I guess it will be hard to trust it.

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Quote from: cabron on June 22, 2022, 11:44:04 AM

Governments only wants to take money from businesses, they don't create casinos since it only serves certain group of people. What governments invest are infrastructures that everyone will benefit. I doubt they'd be creating online casinos.

The government is missing out if they don't adopt online casinos. The online casino had been taking a huge percentage of the land-based casino shares. It will be a loss to the government if the infrastructure they build for casinos became vacant due to online casinos. Besides, most of the world's entertainment is going to virtual space nowadays, so it won't harm if the government will adopt the technology.

Quote from: cabron on June 22, 2022, 11:44:04 AM

If they are, its probably meant to sieze launderers and tax evaders which the law enforcers are part of it.

I think it won't work that way. For sure they will catch some launderers but that would be the launderers' fault for exposing themselves.

Topic: Government Owned Online Casinos What Do You Think Of Its Potential - page 8. (Read 1191 times)