Topic: How can online gambling help to kickstart the global economy? - page 3. (Read 513 times)
Well, online casinos are just like any other business running. They pay tax, but aside from tax revenues (which is really big help in the economy especially when the casino is one of the major taxpayers) and jobs, I think we can also add having a good relationship with other countries when a foreign gambling site is operating in other countries. It's part of globalization. But the online gambling industry also has its major downside, especially if the casino does not have licensed to operate so basically, they are illegal which is not helping the economy.
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When it comes to online casinos, I think the money will come to the owner and the staff because the government can not use their hand to reach the online casinos. Maybe only a few governments can ask the owner of the online casinos to pay the tax or something like that, but the rest will not pay that taxes because the business is run on the internet.
It will not be the same if the casino is run offline because the owner needs to report their income to the government, so the owner should pay the taxes, which the money will return to the government and economy. The employee's life will increase because they can get an income from that casino, but the employee needs to pay the tax to the government.
It will not be the same if the casino is run offline because the owner needs to report their income to the government, so the owner should pay the taxes, which the money will return to the government and economy. The employee's life will increase because they can get an income from that casino, but the employee needs to pay the tax to the government.
Gambling doesn't destroy lives, it's you who does that. I can't understand one thing, what's the purpose of life? To feel happy, right? If gambling doesn't make you happy, then why do you gamble? And if it makes you happy, then - why not to gamble? I have seen a lot of gamblers who are rich, bet high and get fun from it, this behavior doesn't ruin their life. But at the same time I have seen more likely a poor or normal budget people who gamble with high bets that exceeds what they can afford and idea behind their gambling is more and more profit. So, guess what destroys lives? Laziness, lazy people who want to get money easily by gambling, fail and then blame this business and call it a monster, death machine.
But gambling can't kickstart global economy and economy doesn't really depend on gambling as it shouldn't even be. Gambling is an entertainment and we all need it or any other kind of entertainment like tourism but economy should depend on people's actual job and only doing/making things can kickstart global economy. You need to give people stimulus and invest in their education, this will work synergistically and will kickstart economy.
But gambling can't kickstart global economy and economy doesn't really depend on gambling as it shouldn't even be. Gambling is an entertainment and we all need it or any other kind of entertainment like tourism but economy should depend on people's actual job and only doing/making things can kickstart global economy. You need to give people stimulus and invest in their education, this will work synergistically and will kickstart economy.
If its not adding value on global economy then this is not worth to establish. Like others mentioned here; its contribution significantly in the form of taxes. Many private casinos are earning huge but they have been required to pay their tax dues which given value to our global economy.
Many countries have employed casino as one of the profitable industry, it may sound addiction or only rich people but believe me they are helping some other people through donations and sometime relief mission.
Pandemic case or not, gambling will continue and preventing it will only cause damage to possible income that it may incurred to the government.
Many countries have employed casino as one of the profitable industry, it may sound addiction or only rich people but believe me they are helping some other people through donations and sometime relief mission.
Pandemic case or not, gambling will continue and preventing it will only cause damage to possible income that it may incurred to the government.
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What other positive things can you think of that online casinos can add to the global economy?
Tax is really the player here in terms of the global economy or the way casinos can help the government.What other positive things can you think of that online casinos can add to the global economy?
Casino for me is also almost the same with other businesses out there since they are still paying their taxes, they got employees and it also helps the economy, people will get the job, people will get money from their salary.
Although casino gambling can have any disadvantages especially to some people who keep losing their money, still there are some advantages of it for some people.
Of course, gambling helps the overall economy because it pays taxes. But the gambling industry alone cannot kickstart the global economy.
As a matter of fact, the success or failure of the gambling industry highly depends on the economic condition of the people. In a place where people are having a very hard time making ends meet, we cannot expect the gambling industry to thrive. After all, gambling businesses are dependent on people squandering money.
As a matter of fact, the success or failure of the gambling industry highly depends on the economic condition of the people. In a place where people are having a very hard time making ends meet, we cannot expect the gambling industry to thrive. After all, gambling businesses are dependent on people squandering money.
Online gambling cannot kickstart the economy since the profit gained through taxes, employing people in casinos etc are mostly wiped out by the losses faced by people who play there.
These casinos could help the economy in a small way though, but nothing drastic enough to kickstart the economy. Under current conditions, it will probably take a couple of years for world economies to recover as long as everyone gets vaccinated.
The focus is primarily on the virus and secondarily on the economy currently almost everywhere which is why we need to find ways to control the virus asap.
These casinos could help the economy in a small way though, but nothing drastic enough to kickstart the economy. Under current conditions, it will probably take a couple of years for world economies to recover as long as everyone gets vaccinated.
The focus is primarily on the virus and secondarily on the economy currently almost everywhere which is why we need to find ways to control the virus asap.
The government will weigh the effect of the gambling operation to its people, that's the reason some countries are banning gambling, it could be due to religious belief (like Islam) which would contract if they let gambling operate or like I said the effect to the people.
However, speaking of taxes, that's the benefit of the countries economy that's why they regulate gambling sites.
Top 10 online gambling companies in the world.
https://www.marketresearchreports.com/blog/2019/05/24/top-10-online-gambling-companies-world
However, speaking of taxes, that's the benefit of the countries economy that's why they regulate gambling sites.
Top 10 online gambling companies in the world.
https://www.marketresearchreports.com/blog/2019/05/24/top-10-online-gambling-companies-world
Quote
Based on the overall revenue of the top 10 online gambling companies in the world are:
1-International Game Technology PLC : USD 4.83 billion
2-GVC Holdings PLC (Ladbrokes Coral Group) : USD 4.14 billion
3-bet365 : USD 4.03 billion
4-Scientific Games : USD 3.36 billion
5-Paddy Power Betfair : USD 2.64 billion
6-William Hill PLC : USD 2.28 billion
7-The Stars Group : USD 2.02 billion
8-Playtech : USD 1.75 billion
9-Kindred Group PLC : USD 1.28 billion
10-888 Holdings PLC : USD 0.54 billion
All of them are regulated and their revenue is billion of dollars, so that's a big help to the economy on the cut the government will get through taxes. 1-International Game Technology PLC : USD 4.83 billion
2-GVC Holdings PLC (Ladbrokes Coral Group) : USD 4.14 billion
3-bet365 : USD 4.03 billion
4-Scientific Games : USD 3.36 billion
5-Paddy Power Betfair : USD 2.64 billion
6-William Hill PLC : USD 2.28 billion
7-The Stars Group : USD 2.02 billion
8-Playtech : USD 1.75 billion
9-Kindred Group PLC : USD 1.28 billion
10-888 Holdings PLC : USD 0.54 billion
What other positive things can you think of that online casinos can add to the global economy?
People who uses online casinos can save money over while they are playing in a physical casino which means individuals will have more money to spend on their necessary things.Basically any kind of spending on regulated casinos will benefits the government because they have to pay taxes for profits.
Most people would say, gambling is a destructive activity and that it only destroys lives... and in a way I agree with them. The thing is, everything comes with good and bad and gambling is not an exception. 
Regulated and licensed gambling operations are obligated to pay taxes.... right.. well every Dollar added to the government fiscus helps to fund large projects. These projects create new job opportunities and also income for unemployed people and also stimulate the economy when these people use that money in the retail industry. (Food & Services)
Some people actually win at some of these casinos and they win big, so this money also goes back into the economy and these gambling operations employ people to run these casinos, so that is also a added benefit of these online casinos.
What other positive things can you think of that online casinos can add to the global economy?
Regulated and licensed gambling operations are obligated to pay taxes.... right.. well every Dollar added to the government fiscus helps to fund large projects. These projects create new job opportunities and also income for unemployed people and also stimulate the economy when these people use that money in the retail industry. (Food & Services)
Some people actually win at some of these casinos and they win big, so this money also goes back into the economy and these gambling operations employ people to run these casinos, so that is also a added benefit of these online casinos.
What other positive things can you think of that online casinos can add to the global economy?
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