One good step from the Government to find ways in supporting their people specially Europe in which being affected badly of this pandemic.
I'm sure for the sake of Humanities the gambling operator will comply in good faith here and will help people in need.
as they are bagging money for years now and this taxation won't hurt their businesses.
Topic: Online Gambling could be used to pay for covid problems - page 6. (Read 81629 times)
for me i don't see anything wrong to it, let's just look at the situation we currently have and by regulating the online casinos it would help the government some extra financial support for the covid problems it might be an issue to some about the kyc however believe it or not we could benefit from it.
I see positive the measures that the countries of Europe will take to regulate online gambling because this will guarantee that people do not lose their jobs due to the Covid19 pandemic now that Europe is experiencing the second wave of infections.
The advertising of gambling sites could be affected those that sponsor sports teams as an example as mentioned in the article.
But the legislation will take time, it only remains to know how the law on the regularization of online gambling will evolve and the repercussions that it will bring.
The advertising of gambling sites could be affected those that sponsor sports teams as an example as mentioned in the article.
But the legislation will take time, it only remains to know how the law on the regularization of online gambling will evolve and the repercussions that it will bring.
I am quite confused with OP's content and its title of the thread were completely different and does not synchronize.
Anyway, in regard to legalization of gambling site in my opinion especially if you are a gambler should be a yes for it will help you get protected from the abuses of those who created the gambling site. A possible manipulation can happen especially like conducting an event which is lottery. The owner can set up this up in favor to the casino without getting notice like joining a certain account for the lottery and set it to win. These are only an example of possible abuse from the gambling site. Likewise also to the gambling site owner they should get protected from the users that are likely to complain authorities in any irregularities that can possibly shut down the site. So legalization is a win win process.
Anyway, in regard to legalization of gambling site in my opinion especially if you are a gambler should be a yes for it will help you get protected from the abuses of those who created the gambling site. A possible manipulation can happen especially like conducting an event which is lottery. The owner can set up this up in favor to the casino without getting notice like joining a certain account for the lottery and set it to win. These are only an example of possible abuse from the gambling site. Likewise also to the gambling site owner they should get protected from the users that are likely to complain authorities in any irregularities that can possibly shut down the site. So legalization is a win win process.
Not all countries legalize gambling sites or companies, especially in my country, many bookies are arrested every day by the police and there is probably no chance of helping Covid 19 from gambling sites. Gambling is considered a crime in my country and there are no gambling clubs like casinos or anything else. The regulations in my country are not allowed to gamble in any form, even donations that are packaged for Covid 19 are from gambling results, so far donations or assistance for Covid 19 other than from the government are only from private and social foundation institutions.
Actually legalizing a gambling site will depend in on its features and how could it affect the community. Legalization of gambling sites could also mean that the gambling site wanting to get protection from the abuses from the users, for future complains against them and to make their service fair enough following the mandate of the government or the authority task for it. Most likely there are lots of compliance to submit in case gambling site would likely to be legalize. 
It will not affect the online casino since they only need to pay for the taxes. Their profit will be affected by it and I think that the taxes that an online casino tax should be given to those who are poor. In that way, the casino and gamblers can help those people who are in need of help.
The strict regulation will be decreasing the users of gambling platforms. Remember about there are some regulations to create deposit limits. This will actually decrease the income of gambling platforms.It will actually affect the online casinos.
Imagine when you are an owner of this platform and the users in your platforms have up to $5k deposit limit before the regulation and it is dropping to the $ 1k deposit limit after the regulation. The income for the platform will be 4 times less than what it should be when there's no strict regulation. Even if that will make the gambling platform becomes legal but it will be giving a very bad impact on the platform.
It will not affect the online casino since they only need to pay for the taxes. Their profit will be affected by it and I think that the taxes that an online casino tax should be given to those who are poor. In that way, the casino and gamblers can help those people who are in need of help.
The strict regulation will be decreasing the users of gambling platforms. Remember about there are some regulations to create deposit limits. This will actually decrease the income of gambling platforms.It will actually affect the online casinos.
Imagine when you are an owner of this platform and the users in your platforms have up to $5k deposit limit before the regulation and it is dropping to the $ 1k deposit limit after the regulation. The income for the platform will be 4 times less than what it should be when there's no strict regulation. Even if that will make the gambling platform becomes legal but it will be giving a very bad impact on the platform.
Cons:
1. People will have to actually pay up more indirectly for extra charges
2. No privacy
1. People will have to actually pay up more indirectly for extra charges
2. No privacy
1. Possible. But that depends on how far the government will put pressure on these casinos to pay for additional tax. But I'm sure the burden will not be passed by customers as it might result in not using their service.
2. All regulated casinos require KYC even way back before since they are protecting their customers too against possible fraud. And playing in online casino wherein all is private and fishy are more prone to scam (not talking about crypto gambling sites).
..but Europe is considering to tighten the laws of Gambling especially the online ones. They want to **regulate** it , which actually means that they want these online gambling casinos to pay up the government somehow.
I'm in favor of it as a whole when we looked at the positive side. Turned the most hype activity during the pandemic into something good.
During the pandemic, there are lots of illegal gambling operators that work under the shadows. It does mean that these unlicensed businesses (online gambling sites) are just getting profits without paying taxes to the government. By enforcing a new regulation (as I know they are currently strict), I'm seeing people will only trust legal gambling operators as the new regulation might also involved a violation for people that keeps patronizing illegal gambling operator.
The question is, how much the additional tax that should be imposed?
Just ironic though, governments are blaming gambling because they said that it is harmful specially if someone becomes an addict, so it's illegal per se. And now they are shifting focus and wanted to tighten it because it could be used to pay for covid problems? Double standard. I'm not down with this one, and it seems that they don't have any resources to help the covid pandemic and they will have to get it from online/offline gamblers.
Although the intention of the government is noble, I do not think they realize the opportunity it could garner with its regulation though. If the government were to implement strict standards and rules, it may bring a negative impact on the online gambling industry as a whole in the country rather than a positive impact.
This whole covid pandemic has shifted most businesses to adjust with the given circumstances. Most businesses nowadays prefer online delivery systems or online work in order to cope to adjust. With online gambling being one of those businesses that has been thriving, I see that the government would most probably implement tax one way or another.
Why would really they need to avoid taxes? Even businesses do make out some switches or transition but doesnt mean on that way they can avoid on paying up their obligations.
It isnt really just right for them to do so and its just normal for government to be keen about taxes yet this is one of the way for sustaining this pandemic but if these funds
are really used in good way not just on being corrupted.So this will vary on each country though and for businesses where they shouldnt really be forgetting their obligations
even they switch up online.Everything would go back to normal but still theres no change into that manner.
Just ironic though, governments are blaming gambling because they said that it is harmful specially if someone becomes an addict, so it's illegal per se. And now they are shifting focus and wanted to tighten it because it could be used to pay for covid problems? Double standard. I'm not down with this one, and it seems that they don't have any resources to help the covid pandemic and they will have to get it from online/offline gamblers.
Although the intention of the government is noble, I do not think they realize the opportunity it could garner with its regulation though. If the government were to implement strict standards and rules, it may bring a negative impact on the online gambling industry as a whole in the country rather than a positive impact.
This whole covid pandemic has shifted most businesses to adjust with the given circumstances. Most businesses nowadays prefer online delivery systems or online work in order to cope to adjust. With online gambling being one of those businesses that has been thriving, I see that the government would most probably implement tax one way or another.
The pandemic has hit every nation very hard and economies are struggling to survive and that's why governments are left with no other option to gather funds or income from various sources.The main source for government is tax receipts from all the businesses and that is what European federal state is planning to do so but there is one problem that government involvation will pose certain restrictions on gambling sites like use of fair means,KYC,crypto restrictions and such things can lead to lack of interest among users.Moreover the house edge will be reduced or they will charge more commission from the users as they have to pay the taxes to the government.So we can say it has both pros and cons.
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Since most people choose online due to pandemic, the government has no other choice but to their best to survive and gather funds. Most businesses had closed down even land-based casinos which is one of the bloodlines of government funds had to close due to the lockdown period. The government is struggling and since the number of online gamblers had increased, it is to be expected that the government will surely regulate it.
People choose online gambling because they are still afraid to go to the crowd or don't see the casino re-open in their area. The government itself gives a chance to the casino to re-open the casino, so the government can get taxes from the casino, even if that amount is not too bigger as usual.
But I think the government will try to get the business's taxes that can run and make a profit, and I think they will not force the owner to pay the taxes if they can not make a profit. It is difficult to regulate online gambling since the government needs to track one by one of the sites to find their location.
Since most people choose online due to pandemic, the government has no other choice but to their best to survive and gather funds. Most businesses had closed down even land-based casinos which is one of the bloodlines of government funds had to close due to the lockdown period. The government is struggling and since the number of online gamblers had increased, it is to be expected that the government will surely regulate it.
I don't know if it has been shared or not , but Europe is considering to tighten the laws of Gambling especially the online ones. They want to **regulate** it , which actually means that they want these online gambling casinos to pay up the government somehow.
Tightening the rules and regulations of especially online gambling during this pandemic probably makes sense. For, many people of course will prefer to choose to play casinos online than offline. The government must know the chance to get more income from the gamblers higher than previously if most heir people are playing online gambling. As we know the government also decreases their income to the country because of this pandemic where many offline businesses are closed ad they can't fulfill the taxes well.
However, their reason is to help pay for the Covid-19 problem?
I don't know exactly what kind of government in that country. However, it is too strange if using covid-19 as the reasons to regulate Casino adj pay up more to the government. It means that if this pandemic ends, the regulation is also over, right?
Does it mean that there will e may more illegal online gambling if they don't want to pay to the government?
Obviously it is important because not even all continents and countries legalize gambling, so the legalized gambling industry clearly has to pay the government. Regulations are needed in online gambling because the online gambling industry is huge, so it's no wonder the government might update the rules and I don't think that's a problem. They do not intend to shut down online gambling, on the contrary, I am sure that online gambling will be bigger and more advanced and will be used to restore the country's economy.
What do you think ?
Is this essential? Would it affect the online casinos?
Is this essential? Would it affect the online casinos?
That's a must for fiat online casinos. I don't see anything wrong as if we looked at the positive side, there is a benefit. A good step considering the gambling industry became hype for months in the European region.
But while establishing regulations like that, they should also hunt illegal casino operators to make way for more legit ones to be mostly used.
There is no mention that the crypto-gambling sites will also be affected so crypto gamblers should not think about this.
There is some logic behind it and despite the fact that I have been in touch with b2b service providers and was working in online casinos, I have to say that it's not really a bad idea. During pandemic and lockdowns, there was an enormous rise in traffic. It was great for business but it was an indicator that people were spending too much money on casinos. I think most of them wouldn't be very rich, so money was very necessary during this lockdown because you are in stuck, no work and no income. Yeah, people may need entertainment but at the same time we have to consider reality and it's that people can't have much control over themselves when it comes to gambling. For this, we started an active campaign for responsible gambling and I think we played our role in it to inform players and help them to spend less money.
But limitations that Germany sets is very tough, we need moderate control, we shouldn't kill this segment and have to consider that a lot of people work there too and they have their families, they need money.
Another deal to my mind can be if governments increase taxes for a while and use those funds to help people who really need during this covid. I know it sounds like a terrible idea but I believe it's not that bad for a limited time. Here it will be like: Money from those who have a lot goes to those who don't have and need it.
But limitations that Germany sets is very tough, we need moderate control, we shouldn't kill this segment and have to consider that a lot of people work there too and they have their families, they need money.
Another deal to my mind can be if governments increase taxes for a while and use those funds to help people who really need during this covid. I know it sounds like a terrible idea but I believe it's not that bad for a limited time. Here it will be like: Money from those who have a lot goes to those who don't have and need it.
I am with that concept of getting money from those who can afford and give it back to those badly need it.
If they are still gambling despite of the situation, that means most of them can afford to allocate funds for gambling, right?
I don't think a responsible family man will take the risk of sending his money (supposedly for his family's food) to the online casino.
As a gambler, you know the risks involved in these games. So you should not expect that you will win afterwards.
So yes, why not get the tax from these online casinos and give their fair share as they can continuously operate even during this pandemic.
The decision that's discussed in this thread has it's pros and cons that I already mentioned above. It's like a dilemma where we have to choose between bad and worse for people and economics.
I am not against it especially if a certain country will do something like these where they are going to tighten their laws against the online gambling sites in order to get an extra tax that can be use by the government.
If European countries will regulate the online gambling sites then I have no problem with it because they are only doing it in order to get an extra fund to fight the pandemic. As long as we will not get a huge extra charges then there is no problem but if it will also hurt our pocket because of their action then it is not good anymore.
If European countries will regulate the online gambling sites then I have no problem with it because they are only doing it in order to get an extra fund to fight the pandemic. As long as we will not get a huge extra charges then there is no problem but if it will also hurt our pocket because of their action then it is not good anymore.
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Its too dumb for someone to consider on playing gambling for them to earn money amidst this pandemic.Looking for some entertainment? For rich people then yes but for average earners or poor ones
then its better to save and instead of gambling then better to secure those funds out for your living rather than on risking it to gambling.
Dumb we do say but there were people who do really make out such steps just because they do believe that they might able to earn more money if they decide to gamble
which is suicide.Some do risk their last savings and do hope that making money will be next but majority of them are indeed playing with fire.
In result when you do loss? You'll suffer on the consequences that needs to pay off.
then its better to save and instead of gambling then better to secure those funds out for your living rather than on risking it to gambling.
Dumb we do say but there were people who do really make out such steps just because they do believe that they might able to earn more money if they decide to gamble
which is suicide.Some do risk their last savings and do hope that making money will be next but majority of them are indeed playing with fire.
In result when you do loss? You'll suffer on the consequences that needs to pay off.
You can say that, but I guess that is out there, people are trying to gamble to make money in this pandemic. They think that playing gambling can be a way for them to earn money. We can not say that what they did is wrong because we don't know their position. But if that is happening to our closest family or friends, we need to remind them that it is not a good way to make money. Maybe we can help them find new jobs for them, or we can use their ability to help us to give them money to buy their daily needs.
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