Sad reality: some countries gamble more than they can afford - page 3.

Gozie51

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Quote from: alani123 on November 10, 2023, 02:50:05 PM

But governments sure as hell are there to profit whenever a gambler wins anything, heavily taxing big winnings...

If government collect tax from the gambling of people in your country it means they are also suppose to use it in providing social amenities and support to the people. except if it is agreed that some social responsibilities from the gambling casino is going to be obligated also.

The money used in gambling to me is not a waste if government collect tax from it which is as revenue to the government. They only need to use it appropriately for the benefit of the people and that means part of the money used in gambling goes back to the society

Quote from: alani123 on November 10, 2023, 02:50:05 PM

Also, none of their games run on provably fair algorithms. And yet the government does very little to regulate them after having sold them a license...

This is unpatriotic. Moreover the government should be able to regulate this and ensure that customers are protected, fairness in the games of betting is so much needed.

Quote from: alani123 on November 10, 2023, 02:50:05 PM

What makes me even angrier is that these licensed casinos do very little to offer gamblers resources to play responsibly, and do nothing to educate gamblers about house edge.

Somehow these could be in TOS and casino will not be liable to customers losses when they bet. Afterall they are betting to win from the casino so they should be able to take the risk or play and manage their bankroll. If you can't understand the risk in gambling then don't gamble.

Hirose UK

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Gambling is an activity that is carried out and enjoyed by all levels of society from the lower to upper classes so that gamblers do not know whether they are experiencing bad financial conditions or not, but when they hold certain amount of money they will definitely use it as gambling capital.

Moreover, the increase in budget figures for gambling is not influenced by whether the country is rich or poor country because it all depends on how the people respond to gambling in difficult economic conditions.
Did you forgotten that many levels of society with low economic levels enter into gambling with the aim of having additional income, even though this is the wrong decision but they know how to make money for gambling and all the risks are at their own risk.

I consider the increase in the gambling budget in country to be normal and in fact, every day in each country the number of gamblers increases which really looks very significant.

Z390

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It's not the fault of the government in that country, people are just generally stupid, so much that they believe they can get luck with riches for not working, they deserve the result they are getting, if anyone is so dependant on gambling as his or her way to stardom or success they deserve any consequences that comes after.

This is why I don't believe in luck, I am someone who intentionally reject gifts, there must be a reason why you are giving it to me, what do you want back? Nothing is free and people don't believe this, if you really on getting lucky you will end up sleeping beside the road.

Believe in yourself, create a value and don't chase money, if you can create a value money will come to you with easy, you can't be useless and expect to make money, this is what people are doing, gambling looks like the perfect way to escape from their worthless choices, little did they know that what awaits them will even drown them further into poverty.

There is nothing anyone can say that will change my mind with the way I see this world, to get rich you need to create a value first, and what comes after is having patience, a man of value can generate millions once his value is acknowledged.

Lanatsa

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Quote from: coin-investor on November 10, 2023, 11:28:43 PM

Quote from: alani123 on November 10, 2023, 02:50:05 PM

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

Based on that article you provided this is the government of Greece received, is for players only not included in these taxes are industries that revolve around these casinos online and offline, and it could grow in the coming years if the trend does not change.

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Last year, according to EEET data, the State received 743.1 million from the taxation of players.

The government cannot just ignore the figure that helps them sustain their treasury.

The government can only educate its people on the many negative effects of too much gambling and like the casinos they promote casinos whether online or offline as an entertainment portal, it's up to the gambler how he treats gambling, there are who treats gambling the right way and some players who go the extra mile and treat gambling as their ticket to financial freedom.
As long as the people are not stealing and many are getting sick because of gambling government will not cut these casinos which sustain their coffers.

If government do really get that huge chunk when it comes to taxes of gambling industry they it would be unlikely that they would really be tending or planning to ban it on which it doesnt really make sense on doing so or really just that normal that they would really be giving out importance instead considering that taxation part which does really have that huge role when it comes to economic development and government would really be that focusing on that rather than on thinking about their citizens condition when it comes to gambling addiction.If it turns out to be severe then they might really be putting up some control or restrictions but never ever they would really be that considering on banning or closing it.

In speaking about playing gambling then if they can afford it, then why would really be bothering yourself on minding about their gambling activity?
It wont really matter about on countries economic situation or condition on which everyone could really be
freely be able to play despite of the condition.

Lida93

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Quote from: alani123 on November 10, 2023, 02:50:05 PM

What makes me even angrier is that these licensed casinos do very little to offer gamblers resources to play responsibly, and do nothing to educate gamblers about house edge.

Gambling is an adult activity and as adult you shouldn't expect to be spoon-fed all in. You have got some responsibility to read things for yourself as I believe that's part of being a responsible gambler as you begin to gamble. Imbibing the culture of reading the ToS of casinos can save us from certain mistakes.

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And Greece isn't a rich country by any means. Many families are facing hardship, unemployment is high, youth emigration is rising etc... Things don't look particularly good for the economy in general.

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

poor or rich country should matter whether casinos settle there or not. The governmnt won't chased away these casinos and the casinos won't leave if they're getting good returns. It's left for the citizens to realize they are poor and stop gambling with the little money they have and when the casinos comprehend they are not making profits they will will have to exit on their own. If you all keep waiting for the government you'll wait for endlessly.

The casinos are not operating for free the government are benefiting from the taxes they pay using those tax money to run other infrastructural affairs of the country. The government desire that tax money more than you could imagine which is why you can't get the strict restrictions you expecting of the government to gambling companies in their country.

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Quote from: alani123 on November 10, 2023, 02:50:05 PM

I was looking at gambling statistics for my country the other day. People in Greece lost 22.5 billion EUR only in 2021, and 29 billion in 2022 and that was only on licensed establishments.

29 billion Euros for 2022 only?that is a huge money just to be Lose in gambling does this mean Gambling
operators are really earning billions of Euros each year.that can covers our country's expenses for the whole year.

and the saddest part is that looks like people are losing money that can feed their family instead it goes to the operators.

Hoping that the government will act accordingly and seems like Greece are losing to gambling owner .

coin-investor

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Quote from: alani123 on November 10, 2023, 02:50:05 PM

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

Based on the article you provided this is the amount the government of Greece received, it is for players only not included in these taxes are industries that revolve around these casinos online and offline, and it could grow in the coming years if the trend does not change.

Quote

Last year, according to EEET data, the State received 743.1 million from the taxation of players.

The government cannot just ignore the figure that helps them sustain their treasury.

The government can only educate its people on the many negative effects of too much gambling and like the casinos they promote casinos whether online or offline as an entertainment portal, it's up to the gambler how he treats gambling, there are who treats gambling the right way and some players who go the extra mile and treat gambling as their ticket to financial freedom.
As long as the people are not stealing and many are getting sick because of gambling government will not cut these casinos which sustain their coffers.

Litzki1990

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If people of your country lose 10% of total GDP by gambling then it must be said that people of your country are very much attracted to gambling. You have collected this information only from the official sites but there are various unofficial sites in which a large number of people are gambling. If the people of your country could earn the amount of money you mentioned by gambling then it would be good news for the economy of your country but the people of your country have lost this huge amount of money only through gambling. Based on the information that you have collected, if the media of your country reports, then maybe the people of your country and the government of your country will be aware enough about gambling. I am amazed by the statistics that people of a country lose 10% of their GDP by gambling.

retreat

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Even in my country, which is a Muslim country where the operation of gambling platforms is prohibited, there are millions of people who gamble here with total transactions reaching $6.5 billion USD, that is a pretty crazy number considering that this is a developing country and spiritual behavior here is very high. This is ironic, because there are still many cases of stunting, malnutrition, extreme poverty, and many other things, but many people actually prefer to gamble their money rather than provide the best food for their children.
The government's role does not appear to be very significant in cracking down on these gambling platforms, as their contribution to the country's development is non-existent. The government should be able to regulate these gambling platforms so that they can provide tax income for the country and be used for human resource development and various other things.

Poker Player

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The OP could apply the same to poorer districts in rich countries:

UK’s most deprived areas have highest number of gambling outlets – report

People in poor neighborhoods are twice as likely to have gambling problems, study finds

So I don't think it's a problem of countries, it seems to be linked to socioeconomic status. In general wealthy people are aware that gambling is not a good way to earn money and on the other hand poor people tend to put more false hopes on it.

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Quote from: alani123 on November 10, 2023, 02:50:05 PM

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

I am really sure the government cannot also solve the people's life problems when stop the casino operation. The government should have provided a solution first before making the conclusion. We know that people is play gambling just to increase their income to meet their needs. if it is stopped and the government has not yet found a solution to overcome unemployment, and increase income, that's the same as cutting their neck indirectly. This problem is faced by many developing countries, so I'm not surprised if it will happen again in many countries in the future.

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Quote from: alani123 on November 10, 2023, 02:50:05 PM

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

I cannot speak about the situation in Greece in isolation, as I am a foreigner and am unfamiliar with the situation you described.
In any case, I agree that on a global scenario, governments do little to effectively regulate licensed casinos, it seems to me that they only care about ensuring that tax money is properly paid.

An even more serious issue is money laundering, I see that supervision against this criminal practice is very mild in many countries. However, at crypto casinos we are required to perform KYC for any withdrawal we try to make... quite unfair.
Anyway... I doubt this will change, governments only care about raising money.

virasog

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Quote from: alani123 on November 10, 2023, 02:50:05 PM

But governments sure as hell are there to profit whenever a gambler wins anything, heavily taxing big winnings... What makes me even angrier is that these licensed casinos do very little to offer gamblers resources to play responsibly, and do nothing to educate gamblers about house edge. Also, none of their games run on provably fair algorithms. And yet the government does very little to regulate them after having sold them a license...

Are you talking about the gambling casinos within Greece that are not provably fair ? I think most people will prefer to play & gamble online at trusted casinos that are provably fair. Yes, the losing ratio is on these casinos is still high but if anyone is playing at a local casino that is not provably fair, then for sure he is wasting his money on that casino.

Quote from: alani123 on November 10, 2023, 02:50:05 PM

And Greece isn't a rich country by any means. Many families are facing hardship, unemployment is high, youth emigration is rising etc... Things don't look particularly good for the economy in general.

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

Well, even if Greece is not a rich country, still its the people choice to try their luck in Gambling. As you mentioned the unemployment rate is high in Greece, so people try to find a living out of gambling. The government, instead of thinking of putting a ban on casinos, why not first create opportunities for their youth so that they can earn? Once the jobs are created, many people will quit gambling automatically whose purpose is to earn money from gambling.

Putting a ban on gambling in such a situation is not a solution. Better try to improve the living facilities and provide jobs to the individuals and then expect them to leave gambling.

GideonGono

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For me the country or place where a gambler lives doesn't affect it, it is on how they control their greed it doesn't matter if their rich or poor.
If they couldn't control their greed then it how it would always be they would always gamble more than they could afford.
Investment and gambling they all comes down to how you manage or control your funds, if you couldn't manage it properly then the result is always the same/

robelneo

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Quote from: alani123 on November 10, 2023, 02:50:05 PM

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

I'm in a third-world country where gambling is legal and the casino and lottery platforms are being managed and run by countries, our country cannot just step in even if the number is growing it is one of the biggest agencies where the government extracts funds to sustain their pro-poor program, the government can only ask or teach people to moderate addiction but it's still up to individuals how they manage their gambling activity.

But any government can interfere and stop a platform when there is a big call to stop operation we have a lot of cases where they stop and revoke the license of gambling platforms, one example is the e-sabong or online cockfighting, any government should listen to its people if the rate is very alarming.

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Research shows that people with low socioeconomic status (SES) tend to be more at risk for gambling problems. These folks got less money, so when they gamble away a chunk of their paycheck it hurts a lot more than someone with a higher SES who has more financial resources to fall back on. For someone living check-to-check, blowing their grocery money on the 1-in-a-million Powerball jackpot probably ain't the best idea. But when you're desperate even a tiny chance at a big payday can seem worth it.

As for the government, they dont usually step in to help with gambling addiction issues in low income communities. That's partly cause gambling rakes in a ton of tax dollars that politicians want for their budgets. Casinos and lotteries promise quick money for cities and states, so they turn a blind eye to the harm. It's messed up, but governments care more about dollars than people's well-being. If only there were programs to educate folks on gambling risks or free addiction counseling, but that all costs money, which is exactly what gambling provides. Its a vicious circle.

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I have a hard time believing that countries are gambling away 10% of their GDP. There’s got to be some sort of asterisk on that… Maybe total wagers but certainly not losses. That would be insane. Individuals certainly gamble more than they should in some cases though. I think all of us probably know someone who has had their life negatively effected by the gambling habits of family members.

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Quote from: alani123 on November 10, 2023, 02:50:05 PM

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

Fact, this happens often. In my country too, online gambling has become an extraordinary trend. Even though gambling is something that is prohibited, that doesn't stop people from playing online gambling, especially in the "slots" type. Even though it is not a rich country, the fact is that the increase in online gambling is increasingly high and widespread among the public. The negative impact given is extraordinary, even going bankrupt because of the impact of these slots. This actually happens not only in the lower middle class but also in the upper class. The increasing popularity of online gambling which can be accessed easily and the number of platforms that advertise it, the more this trend becomes a trigger in society. And there are many who actually can't afford it, but think that by gambling they can become rich. Which in fact is impossible, unless you are very, very lucky and hit the jackpot. Thus, there are many cases of poverty and several criminal acts due to addicted gamblers who cannot control themselves because of gambling.

wallet4bitcoin

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By gamble, I mean exposing too much to probability and expecting a fixated return on what's exposed.

By the above definition, it will not be out of context to say that most nations are in the business of gambling with their economy. They commit so much resources to things that have no guarantee as return on such investment and on the other hand, they're expecting much from where they committed those funds to even when they know it had no defined terms.

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Quote from: Slow death on November 10, 2023, 05:04:30 PM

People focus a lot on knowing things like: how many gambling addicts there are, how many people play, how much money they take to play and when they see the numbers they immediately complain because they are seeing a very high number. but if you also research things like: how many people are addicted to alcohol, how many people consume beer, how much money is being spent to buy beer, you will also see that the number is very high, but no one complains about it! My point is that if someone is advertising a casino, and they keep researching the numbers of things like how much money is being spent in the casinos and when they discover that the numbers are very high, they complain

So what's the point of someone also playing and advertising a casino? people are of legal age, they know that there are things they should do and others they shouldn't do, so it's not the job of people like us to worry about how many people are addicted to gambling, how much money they spend on gambling. bad luck. The task of someone who is promoting a company is to speak well of the things that company is offering as long as everything is legal. It's up to people to do research and then make decisions on their own. I particularly see a lot of people playing in my country, the game is legal here and the government wastes no time in advertising for people to stop playing, because the law allows games and the law also determines that people over 18 years of age age are adults

are responsible for themselves, because let's see things this way: if in a country they say that in total 200 million dollars were gambled, for example, that means that the government received money from taxes, that means that the casino created jobs, that means that the casino also promoted tourism in the case of physical casinos, this also means that some people left with profits, even if it was a small number of people who made a profit, it was still a lot. because the profit from these people could make them people who do business, create jobs and pay taxes. In other words, the casino is also doing a lot of good things and you should also start talking about these good things that casinos do

Well the reason we aren't seeing anything about how many ppl buy beer and how much money is spent is because there is no sig campaign asking people to post in a beer section. Since most sig campaigns are asking users to post in gambling sections people make many poor topics to get a conversation going.

What you say is correct nonetheless.

Topic: Sad reality: some countries gamble more than they can afford - page 3. (Read 664 times)