How can online gambling help to kickstart the global economy?

michellee

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Quote from: Twinkledoe on July 05, 2020, 09:57:48 PM

Quote from: michellee on July 05, 2020, 09:48:16 PM

The important thing is the casino can give employees jobs again after the pandemic, so people can back to work to their jobs. People will have an income as the employee, and they can buy their daily needs. If people can have money and buy their needs, the economy in that city or country will start, and soon, the situations will become stable as before. However, they need to follow the government's rule because we are still in the pandemic.

And if you are talking with online gambling, employees or staff can do their work even at the comfort of their home. So that's a big plus for these employees, they don't need to struggle to commute. Maybe only those critical issues that need physical presence on their office is needed but all the other else, they can pretty much attend remotely.
But if we are concerned about how it affects the economy in general, I think it is more on taxes paid by the sites to the government.

Yes, that will be an advantage for the employees or staff because they don't have to go to their office. I think they can solve the issues from home if something happens but if everything is fine, they will not have to go to their office. The taxes will be concerned for the government, but in the new normal like now, the taxes will be paid from the business owner because when the online casino can still get revenue from their business.

Ziskinberg

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If the government would listen to these people who are against gambling, there's no way the government will progress.
In some countries, their economies have improve because they allow gambling businesses to operate in their country, and these operators are coming from a country who ban gambling, particularly in China, so other countries take this as an opportunity.

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Quote from: Kakmakr on July 05, 2020, 07:05:38 AM

What other positive things can you think of that online casinos can add to the global economy?

To be honest ?i don't think Gambling either online or real casino can help economy for now because gamblers must not be tolerated at this moment instead all their money must be used in rightful way and that is to feed their family or to help other so for the mean time?let us not focus in gambling but instead let use our time and money in more productive things.

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The tax generated from gambling sites will only benefit countries that have legalized gambling activities and the scale is still national. Because not all countries legalize gambling, global economic growth from gambling taxes I think is still difficult to happen. The result obtained by the government of a country which has legalized gambling will be used in various sector and can stimulate economic improvement for citizen such as infrastructure development and new job creation.

Quote from: MCobian on July 06, 2020, 12:58:21 AM

Do not underestimate the role of online gambling on the economy, because since the economic crisis occurred due to the corona virus.
Only online gambling which keeps running and doesn't close. Even some big online gambling around the world, help the global economy
by paying taxes quite large and also provides income for users who are lucky to be able to win gambling.

Understandably, because gambling is one of the most potential places to make money for the government through taxes, it is not surprising that this money will also be used to help the economy.

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Quote from: aioc on July 06, 2020, 12:15:22 AM

Our government is the one running our gambling casinos all revenues are going to the government coffer, and because of this our government is capable of giving our citizens basic needs like hospital and medical attention, casinos now in pandemic is such a big help to kick start our economy

The revenue from many fields can back to the government, so the government can build or distribute the money to the public to help people who need it. If much more government can do that, people will not suffer for waiting from the help because if they are sick, they can go to the hospital, and the paramedic will directly help them without thinking about how much money they have.

If online gambling can contribute like that, I am sure the government revenue will be bigger because online gambling has much income at this pandemic.

Quote from: MCobian on July 06, 2020, 12:58:21 AM

Do not underestimate the role of online gambling on the economy, because since the economic crisis occurred due to the corona virus.
Only online gambling which keeps running and doesn't close. Even some big online gambling around the world, help the global economy
by paying taxes quite large and also provides income for users who are lucky to be able to win gambling.

If online gambling can keep that, they can help people from their taxes, which they give to the government. I think the tax amount is big, so that can be a way for the government to get their money as the tax. Or online gambling can donate their income to the people who need it by cooperation with charities.

MCobian

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Do not underestimate the role of online gambling on the economy, because since the economic crisis occurred due to the corona virus.
Only online gambling which keeps running and doesn't close. Even some big online gambling around the world, help the global economy
by paying taxes quite large and also provides income for users who are lucky to be able to win gambling.

aioc

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Quote from: Kakmakr on July 05, 2020, 07:05:38 AM

What other positive things can you think of that online casinos can add to the global economy?

Our government is the one running our gambling casinos all revenues are going to the government coffer, and because of this our government is capable of giving our citizens basic needs like hospital and medical attention, casinos now in pandemic is such a big help to kick start our economy

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Quote from: Botnake on July 05, 2020, 10:50:04 PM

Quote from: freedomgo on July 05, 2020, 10:33:51 PM

Quote from: Kakmakr on July 05, 2020, 07:05:38 AM

Most people would say, gambling is a destructive activity and that it only destroys lives...

Maybe some because there are more people who gambles than those who don't.

Correct, because there are millions of people who are still betting on lottery, so that reality says about the word most.

This is an interesting claim. But do we have the actual numbers on this?

With all due respect, I don't agree that there are more gamblers than not. And I am almost 100% sure about it. Probably not even in Macau.

Quote from: Botnake on July 05, 2020, 10:50:04 PM

Quote from: freedomgo on July 05, 2020, 10:33:51 PM

Casino is only bad if we don't have the discipline, that's why there's limitations in a casino but it's still depends on the gambler itself as casinos are profit oriented, they would want you to gamble more.

here's the reality, casinos makes money not because of a certain gamblers losing money but because of the volume of gamblers they have, so it would be very helpful if gamblers will think of gambling as an entertainment as that way government will not feel the guilt while they continue making money through taxes.

Casinos does not care about the outcome of a gambler's life, they just want you to bet and will not ask how did you produce the money, but the government did care, if they are seeing that it's destroying the lives of the people, then they might make some measures to minimize the gambling activity of the people by putting some limitations, or worst is banning gambling.

Uh-uh, the government will intervene if the gambling establishments are not paying the right amount of tax, or are not declaring their revenue honestly, or are offering more than what they are legally allowed. But for as long as they are doing their business properly, the government will not care whether these establishments are thriving thanks to hundreds of thousands of losers, whether breadwinners are going home with lesser take home pays due to their gambling activities, whether ordinary employees are buried in debt due to poor personal gambling discipline, and so on.

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Quote from: freedomgo on July 05, 2020, 10:33:51 PM

Quote from: Kakmakr on July 05, 2020, 07:05:38 AM

Most people would say, gambling is a destructive activity and that it only destroys lives...

Maybe some because there are more people who gambles than those who don't.

Correct, because there are millions of people who are still betting on lottery, so that reality says about the word most.

Quote from: freedomgo on July 05, 2020, 10:33:51 PM

Casino is only bad if we don't have the discipline, that's why there's limitations in a casino but it's still depends on the gambler itself as casinos are profit oriented, they would want you to gamble more.

here's the reality, casinos makes money not because of a certain gamblers losing money but because of the volume of gamblers they have, so it would be very helpful if gamblers will think of gambling as an entertainment as that way government will not feel the guilt while they continue making money through taxes.

Casinos does not care about the outcome of a gambler's life, they just want you to bet and will not ask how did you produce the money, but the government did care, if they are seeing that it's destroying the lives of the people, then they might make some measures to minimize the gambling activity of the people by putting some limitations, or worst is banning gambling.

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Quote from: Kakmakr on July 05, 2020, 07:05:38 AM

Most people would say, gambling is a destructive activity and that it only destroys lives...

Maybe some because there are more people who gambles than those who don't.

Casino is only bad if we don't have the discipline, that's why there's limitations in a casino but it's still depends on the gambler itself as casinos are profit oriented, they would want you to gamble more.

here's the reality, casinos makes money not because of a certain gamblers losing money but because of the volume of gamblers they have, so it would be very helpful if gamblers will think of gambling as an entertainment as that way government will not feel the guilt while they continue making money through taxes.

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Online gambling takes money out of the economy. Online casinos have a high potential for profit, growing by the number of players. But the amount of players increasing doesn't mean they contribute more to the economy or higher more workers. It's not a labor intensive industry, nor does it depend to third party services to a great extent.

When the economy starts recovering, it'd be a bad move to promote gambling. Surely it's a fun past time, but it's nothing more than an illusion that gambling will be the force to help the world's economy recover after a pandemic.

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Quote from: michellee on July 05, 2020, 09:48:16 PM

Quote from: serjent05 on July 05, 2020, 05:09:19 PM

Quote from: Kakmakr on July 05, 2020, 07:05:38 AM

What other positive things can you think of that online casinos can add to the global economy?

Aside from taxes, gambling, may it be online or land base provides jobs to people. Furthermore, gambling industry is active in funding charities. Aside from that, I do not see any more positive things that it can add to the global economy. Entertainment is already given so it is not worth mentioning.

The important thing is the casino can give employees jobs again after the pandemic, so people can back to work to their jobs. People will have an income as the employee, and they can buy their daily needs. If people can have money and buy their needs, the economy in that city or country will start, and soon, the situations will become stable as before. However, they need to follow the government's rule because we are still in the pandemic.

And if you are talking with online gambling, employees or staff can do their work even at the comfort of their home. So that's a big plus for these employees, they don't need to struggle to commute. Maybe only those critical issues that need physical presence on their office is needed but all the other else, they can pretty much attend remotely.
But if we are concerned about how it affects the economy in general, I think it is more on taxes paid by the sites to the government.

michellee

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Quote from: serjent05 on July 05, 2020, 05:09:19 PM

Quote from: Kakmakr on July 05, 2020, 07:05:38 AM

What other positive things can you think of that online casinos can add to the global economy?

Aside from taxes, gambling, may it be online or land base provides jobs to people. Furthermore, gambling industry is active in funding charities. Aside from that, I do not see any more positive things that it can add to the global economy. Entertainment is already given so it is not worth mentioning.

The important thing is the casino can give employees jobs again after the pandemic, so people can back to work to their jobs. People will have an income as the employee, and they can buy their daily needs. If people can have money and buy their needs, the economy in that city or country will start, and soon, the situations will become stable as before. However, they need to follow the government's rule because we are still in the pandemic.

shoreno

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Quote from: Genemind on July 05, 2020, 09:28:46 PM

Quote from: Shasha80 on July 05, 2020, 07:59:12 PM

To be honest, in my opinion online gambling has more negative effects than positive effects. Especially if you get addicted to online gambling,
it not only has a negative effect on ourselves, but people around us can be affected by it. Despite the fact as such, there are some positive
effects from online gambling that can help the global economy. What is certain online gambling will pay tax to the country that legalizes gambling,
this is very helpful for the country's economy. Another thing that can provide great rewards to some people in pandemic situations that make
money are very difficult and the next positive thing is reducing the stress of many people because they have to at home.

In business, there is no point weighing if it has more positive or negative effect. Gambling has been part of our culture and businessmen will always find ways to earn and take advantage of gambling as part of our daily lives and culture. We need to face it even with it's negative impact if provides income, tax, job opportunity and entertainment. With the recent pandemic, people are struggling and even the government is finding any means to keep the econony from surviving.

this isnt for the business only but its for general . many things can cause addiction aside from thier benefits but the op already said that gambling does not really differ from the others and i agree with it .

all forms of addiction are the same and all causes you to play more or use that thing more . gambling cant help kickstart the economy yet because we are still in the middle of the crisis and almost all forms of business are still not allowed to operate .

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Quote from: Shasha80 on July 05, 2020, 07:59:12 PM

To be honest, in my opinion online gambling has more negative effects than positive effects. Especially if you get addicted to online gambling,
it not only has a negative effect on ourselves, but people around us can be affected by it. Despite the fact as such, there are some positive
effects from online gambling that can help the global economy. What is certain online gambling will pay tax to the country that legalizes gambling,
this is very helpful for the country's economy. Another thing that can provide great rewards to some people in pandemic situations that make
money are very difficult and the next positive thing is reducing the stress of many people because they have to at home.

In business, there is no point weighing if it has more positive or negative effect. Gambling has been part of our culture and businessmen will always find ways to earn and take advantage of gambling as part of our daily lives and culture. We need to face it even with it's negative impact if provides income, tax, job opportunity and entertainment. With the recent pandemic, people are struggling and even the government is finding any means to keep the econony from surviving.

Shasha80

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To be honest, in my opinion online gambling has more negative effects than positive effects. Especially if you get addicted to online gambling,
it not only has a negative effect on ourselves, but people around us can be affected by it. Despite the fact as such, there are some positive
effects from online gambling that can help the global economy. What is certain online gambling will pay tax to the country that legalizes gambling,
this is very helpful for the country's economy. Another thing that can provide great rewards to some people in pandemic situations that make
money are very difficult and the next positive thing is reducing the stress of many people because they have to at home.

FontSeli

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Quote from: Tipstar on July 05, 2020, 11:29:46 AM

Quote from: FontSeli on July 05, 2020, 11:16:43 AM

How gambling affects the economy can be seen in the example of Las Vegas. There, casinos can be considered city-forming enterprises. Most of the tourists come to play at the casino. If the casinos are not working, then the places in hotels are empty, restaurants are idle. A lot of people are out of work.
Because of the coronavirus, businesses that were directed to work with people suffered the most.

But what we need to remember is gambling is a service that adds no value to the economy. Though it would fulfill the needs of some people and give them jobs, it would not have any positive effect on economic development. The money spent on gambling, tours, travels, restaurants would employ some but would not yield any positive outcomes or boost for the economy.

Why don't they have a positive effect? Such a cool city as Las Vegas appeared and exists largely due to gambling. Casinos are just beginning the entire chain of money circulation in the service sector. It is continued by hotels, restaurants, and so on. All these enterprises pay taxes, pay salaries to employees, and place various orders at other enterprises in the state.

Mahanton

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Quote from: Kakmakr on July 05, 2020, 07:05:38 AM

What other positive things can you think of that online casinos can add to the global economy?

Theres no other than but "TAXES" this is the main positive thing on where these casinos can give out for. Aside from employment or whatsoever since its just a typical stuff in a business to hire up personnel of business operations but to think of that casinos arent the only ones who do need to pay up tax but every business that do exist out which they are obliged to pay up those contribution which would really help out the entire economy
knowing that this place generates big money and this would also reflect on the tax should be paid of.When it comes for people to throw out negative stuff towards these kind of places is normal specially to those who
got wrecked down. Grin

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Quote from: Kakmakr on July 05, 2020, 07:05:38 AM

What other positive things can you think of that online casinos can add to the global economy?

Aside from taxes, gambling, may it be online or land base provides jobs to people. Furthermore, gambling industry is active in funding charities. Aside from that, I do not see any more positive things that it can add to the global economy. Entertainment is already given so it is not worth mentioning.

StephenJH

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Like all other online businesses, there are good and bad sides of running a business in the internet. If we consider the casinos don't do shady things such as dark accounting, then the total tax payment will be the only best side by the government side. For global economy, the turnover of online gambling is not as high as the OP mentioned, IMHO.

Topic: How can online gambling help to kickstart the global economy? (Read 489 times)