Topic: Online Gambling could be used to pay for covid problems - page 9. (Read 81629 times)

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.

In Spain yesterday was published the legislative project that aims to tighten the regulation of on-line gambling, specifically due to the covid crisis, and in order to apply the european laws.

Now starts the motions phase, so it is not a closed document, but in a few weeks/months we will see something concrete on this topic at least in said country.

Gambling in Europe has been heavily regulated for many years, probably more than anywhere else in the world. I do believe that many more people are gambling during the current pandemic, so in a round-about way these online casino companies will hopefully be paying their fair share of taxes which will help. Hopefully people gamble in a controlled fashion and are only spending money that they can afford to lose.

I guess this is good for the economic recovery which is helping the government economy to grow faster. We know that most countries now have the same problem. To recover from the pandemic that most people lost their job and the revenue of the state has been lost due to the people and more establishments did not run their businesses because of the lockdown.

Gambling industries are the best way that can help to recover economic growth. They will also have revenue by paying the owner by the tax even it is in online gambling and operated legally.

We're still in the midst of the pandemic crisis so I believe that the government will always find ways or alternatives on how to fund the needs of each country and it's one of the best choice that they have. Lots of online activities and businesses these days are being taxed. I'm sure that if it happens in most countries, it will still bring a negative impact for gamblers. We might lose the privacy that we want in online gambling especially when they regulate it.

As far as I know governments are slowly reopening the economy, and this includes the casinos and restaurants that contribute a lot of tax for them to work. The only problem that I think is will be coming from the player since there are people who are asymptomatic, perhaps they didn't know yet they enter to a casino and infected others. This gives the online gambling so much light to most of gamblers  out there.

For the physical casinos that's another issue to discuss if government will allow to operate. Government is finding ways to regain its economy because of this pandemic no revenue no gains. Their finding ways in which they could acquire tax to sustain the economy problem. So for sure that’s a lot of things to discuss by the government if allowing to operate online gambling.

I'm not sure but most online casinos don't pay anything to the government. They just make huge profits, pay for their staffs etc. They just pay a commission for their license and that's all. But just like any other business out there, casinos should also be made to give taxes because casinos are one of the highest revenue making businesses out there! Hence it makes sense to why they can be taxed.

I think that the physical casinos have gained the much. And online maybe as well to. Depending if they were allowed to open. The sportbooks had the worst time probably, but I do not know the marks from that.
Most sportbooks these days have sports and a casino, to offer enough. And in a few months, maybe everything is back to normal and then they will come out even stronger and bigger as before.

I think that taxation of casinos would be fair. Then again, aren't they already paying taxes in places where they legally operate? Strengthening oversight and requesting more payments from the casinos is only fair if other businesses face the same thing. And privacy violations are not going to help fight the pandemic at all, so this should be abandoned altogether. As for people paying up more, I don't think it should work this way. I think the money should be extracted from the income of highly successful casinos (and, again, other businesses).

They are really looking for alternatives or else they would really suffer because they wont really get any funds that would really be used up for those purposes.

Theres no other way on where to get taxes but only to those businesses that do pay up their obligations.On this time they wont really mind much about ethical things as long it can give out
tax then they wont really be bothering up if a certain industry is involved with some money laundering issue.

For sure those establishments are pretty aware that it would really be somewhat risky if they do make out operations that do involved with illegal stuff.They cant just
let themselves tagged along with it yet it will surely put at risk into their business.

We can see that majority of businesses now had been allowed to open their doors now into the public but ofcourse theres certain health protocol that really needed to be followed.
They do still think about peoples safety in spite of the motive that theyre aiming in talks of taxes which is still a must thing to be prioritize.

It's undeniable that they can indeed earn more tax by regulating online gambling since online casinos have quite bigger profits. But the question is, will it really help to lessen COVID cases in Europe? Will they really see a change in their current situation because they will have more money to fight the pandemic?

As mentioned by the OP, there are benefits when they regulate online casinos, but obviously, gamblers won't like the idea of getting extra charge and having an issue with privacy.

But the thing is The government is trying to make a digital platform to actually locate anyone who is going to use funds by making KYC mandatory on all the platfroms at the same time making KYC mandatory for all the bank accounts owned by an individual. They are trying to not only check for illegal activities but also see any tax frauds.

Wallets , sites , bank accounts , all of them needs KYC !! If they would go to such lengths to impose the KYC on online gambling , no one would actually use it for sure since privacy is a big factor and they have to at least give some thought for the same. It would decrease the number of people interested in the online gambling so decrease their revenues. So I don't think they will do , they can do for sure but they won't kill their own taxes.

You mean that they are just using the pandemic for their own sake? High chances are because you had stated so that 90% of the elected officials but were just drop to 75% which still high and thus base on your speculations. It so hard to trust these days with the people especially if it involves money. The plan may be good but the questions is that do the people working for the plan could be trusted? If not then better not to make it happen for it will just be a waste of time.

This could be good if the money they can get from all online gamblers would really go for a good cause, I am not saying that the government in Europe is all corrupt? but expected here in my country it is really worst because there are 90% in the governance back then that are corrupt and just because of the newly elected president this numbers just drop to 75% in my opinion,

What I am saying this regulating online casino can surely help in some ways but if it only goes to the pocket of some corrupt government then it is a total waste, but I am just saying this because of the situation now that they are suggesting it to use on the problems on covid 19 that is a great plan, but what if they had another in mind?

1. Not really. They will setup a  fake casino. Won't register. Most people don't care about license or registration. They will see some good offers, they will deposit and then they will lose their money/coins.
2. How?
3. Not everyone will be protected. Remember, laws differ from country to country.
1. Someone has to pay for it. Be it the casino or the players. Based on all the pros who stated, don't you think its worth paying the extra charges?
2. As soon as you connect to the internet, there is no such thing as privacy. You can still always be tracked.

They're probably talking about online casinos in general but that is normally understood as fiat online casinos since crypto casinos are very limited. We can only probably count with our fingers the crypto casinos registered in European countries.

I don't think crypto automatically means no tax. It depends on specific countries. I guess there is no single country which says your crypto is tax free.

I also don't think regulation necessarily means KYC.

It is normal to see many things that will happen with the pros and cons, especially if we talk about regulated gambling sites. Gamblers don't want to have regulated by the government, especially if the government or the site applies the KYC. KYC is something that the gamblers avoided because many of them don't like to share their document with other third parties.

The regulations can really affect gambling sites if the government forces those regulations to the site. The site will lose the members who don't want to fill the KYC. But if the regulations are really applied in European countries, I think many gamblers from those countries will not use the sites which come from that country, and they will search for the other gambling site which doesn't use KYC.

But if the sites ask for donations or whatever its name, including taxes to help the Covid-19 patients, I think it makes sense because the gambling sites make a thousand dollars. As long as the sites don't use KYC and only apply taxes to help Covid-19, the gamblers will agree.

I don't think this is justifiable, at least not in the case of pandemic! The same governments created the entire mess with their actions (locking down, forcing people to stay home...) and now they wish to make money on someone else's back?!
Maybe I live in fucked-up country where I developed my distrust to any kind of government, and I know that tax money is not going back to the people and developing of the country, it goes straight in the pockets of powerful! Just to be clear about one thing, I am not against the tax if it's used in the right way, but if the tax is the robbery than I can't support that!

I would like to segregate bitcoin casinos and fiat casinos, maybe what news is talking about is only fiat casinos, so there's nothing to worry for us here since we are crypto casinos gamblers, and the main feature of crypto casinos really are anonymity for the customers and hence we are not obliged to pay taxes for our winnings.

Regulation will certainly look on our private details as every site will demand KYC from gamblers, I don't like that.