Vietnam bursts an illegal casino who used to handle bets worth $3 billions - page 3.

tabas

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Quote from: aswin123adam on September 10, 2020, 06:04:27 AM

This is all the more reason to stick to online casinos that are licensed and branded provably fair .
My personal favourite with millions of wagers till date are roobet and earnbet and they are the best in the industry to play with crypto right now .

Yes, it's obvious that your favorite is earnbet as seen. I don't know if you are working for them or it's obvious that you really are.

Quote from: aswin123adam on September 10, 2020, 06:04:27 AM

I recommend people not to play on only-fiat platforms . I have had a lot of losses in fiat play sites and those platforms neither seem to be as fair as the play with crypto ones . Just my opinion .

Can't stop those type of gamblers who prefer to play more with physical casinos or online fiat casinos.

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Quote from: finaleshot2016 on September 11, 2020, 03:16:47 PM

Agree, illegal casinos will not stop because they will not repeat the same mistakes from others that have been caught. It's like illegal drugs, even the government made a huge movement to stop illegal drugs in their country, the process still continues. So obviously, the illegal casino will still exist as long as the government has many flaws, they will still remain in the shadows.

In fact, this is generally a very muddy question. What is considered illegal casino? If you are my friend and I play for money with you, is this a casino or not? But what if I have many friends and we love to gamble, then how many friends does the casino start with? These are very delicate questions and they rather relate to the sphere of relations between the state and citizens. The more totalitarian the state, the more there are restrictions and "permissions" that a citizen must obtain in order to interact with other citizens.

finaleshot2016

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Quote from: ethereumhunter on August 11, 2020, 07:14:02 AM

Quote from: peter0425 on August 10, 2020, 02:50:18 PM

Quote from: lebregone on August 10, 2020, 02:04:44 PM

This is the problem with illegal casinos as they can pay fixed commissions to the people that they hired to lure the gamblers out but they
are avoiding the government taxes by not getting a permit to operate legally.

The casino owner must be earning such a huge amount of money right now because 3 billion usd is a huge amount of money even if the owner is only earning like
20-50% from it. But at the end, they still pay to their action as the authorities has made their move already.

Correct! they managed to operates and not paying anything.

But now, the government already catch them and even they earned huge amount of money, the chance
that it will be freeze as government can confiscate everything once being proven that the money is illegally
came from the illegal gambling business.

I am afraid that will not stop as the new illegal casino will launch soon after the government catches the casino before. This time, the illegal casino will not let bad things before will happen again, and maybe they will be selective to invite the gambler to come to their casino. They will make sure that the gambler is someone that they trust. This process will continue, and there is hard to stop that casino from operating their business.

Agree, illegal casinos will not stop because they will not repeat the same mistakes from others that have been caught. It's like illegal drugs, even the government made a huge movement to stop illegal drugs in their country, the process still continues. So obviously, the illegal casino will still exist as long as the government has many flaws, they will still remain in the shadows.

STT

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This kind of thinking goes back hundreds of years to the days of marking and duty taxes on playing cards, just the simple act of risk on a game of cards has always been cash heavy and so provokes the interest of government who require the revenue of their people to continue in their ambitious spending programs.
I'm not surprised by Vietnams actions, more the countries that ban gambling altogether when its so profitable to tax and allow freely. It will always exist, just a question of run legally or via other means. Even without the internet various groups will operate games.

Pamadar

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Quote from: Mauser on September 10, 2020, 06:54:43 AM

There are two things increasing pressure on illegal casinos at the moment. One is that due to the corona pandemic mass public gatherings are not allowed. So having a lot of people meeting in an underground casino would definitely attract suspicion, even if authorities aren't looking for illegal casinos in particular. It might just be a bad timing for such establisments at the moment. The second reason on the crack down of illegal casinos would be that the government is missing out on taxes. If $3 billions would be betted in a casino, that's a lot of money not reported to the government. Again due to the corona crisis a lot of governments are losing out on taxes and might search for other income which was usually not so important - i.e. the blackmarket. In my opinion we should follow the social distancing rules and better stick to online casinos. It's much safer for everyone involved.

It's illegal so government needs to work on it not just because of taxes but also the facilitators are doing things
which is illegal according to law of that specific country, the jurisdictions have the power to implement the rules
and chased those illegal practitioners. Not a small amount of profits chasing more will be needed for the government.

KTChampions

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Quote from: aswin123adam on September 10, 2020, 06:04:27 AM

This is all the more reason to stick to online casinos that are licensed and branded provably fair .
My personal favourite with millions of wagers till date are roobet and earnbet and they are the best in the industry to play with crypto right now .

I recommend people not to play on only-fiat platforms . I have had a lot of losses in fiat play sites and those platforms neither seem to be as fair as the play with crypto ones . Just my opinion .

I agree with you, but I think it's enough provably fair system to play in such a casino. The presence of a license implies that someone issued it and that someone always has different requirements (often absurd) for playing games. I want to be more free and I do not need such intermediaries.

Mauser

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There are two things increasing pressure on illegal casinos at the moment. One is that due to the corona pandemic mass public gatherings are not allowed. So having a lot of people meeting in an underground casino would definitely attract suspicion, even if authorities aren't looking for illegal casinos in particular. It might just be a bad timing for such establisments at the moment. The second reason on the crack down of illegal casinos would be that the government is missing out on taxes. If $3 billions would be betted in a casino, that's a lot of money not reported to the government. Again due to the corona crisis a lot of governments are losing out on taxes and might search for other income which was usually not so important - i.e. the blackmarket. In my opinion we should follow the social distancing rules and better stick to online casinos. It's much safer for everyone involved.

aswin123adam

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This is all the more reason to stick to online casinos that are licensed and branded provably fair .
My personal favourite with millions of wagers till date are roobet and earnbet and they are the best in the industry to play with crypto right now .

I recommend people not to play on only-fiat platforms . I have had a lot of losses in fiat play sites and those platforms neither seem to be as fair as the play with crypto ones . Just my opinion .

ethereumhunter

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Quote from: peter0425 on August 10, 2020, 02:50:18 PM

Quote from: lebregone on August 10, 2020, 02:04:44 PM

This is the problem with illegal casinos as they can pay fixed commissions to the people that they hired to lure the gamblers out but they
are avoiding the government taxes by not getting a permit to operate legally.

The casino owner must be earning such a huge amount of money right now because 3 billion usd is a huge amount of money even if the owner is only earning like
20-50% from it. But at the end, they still pay to their action as the authorities has made their move already.

Correct! they managed to operates and not paying anything.

But now, the government already catch them and even they earned huge amount of money, the chance
that it will be freeze as government can confiscate everything once being proven that the money is illegally
came from the illegal gambling business.

I am afraid that will not stop as the new illegal casino will launch soon after the government catches the casino before. This time, the illegal casino will not let bad things before will happen again, and maybe they will be selective to invite the gambler to come to their casino. They will make sure that the gambler is someone that they trust. This process will continue, and there is hard to stop that casino from operating their business.

peter0425

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Quote from: lebregone on August 10, 2020, 02:04:44 PM

This is the problem with illegal casinos as they can pay fixed commissions to the people that they hired to lure the gamblers out but they
are avoiding the government taxes by not getting a permit to operate legally.

The casino owner must be earning such a huge amount of money right now because 3 billion usd is a huge amount of money even if the owner is only earning like
20-50% from it. But at the end, they still pay to their action as the authorities has made their move already.

Correct! they managed to operates and not paying anything.

But now, the government already catch them and even they earned huge amount of money, the chance
that it will be freeze as government can confiscate everything once being proven that the money is illegally
came from the illegal gambling business.

lebregone

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This is the problem with illegal casinos as they can pay fixed commissions to the people that they hired to lure the gamblers out but they
are avoiding the government taxes by not getting a permit to operate legally.

The casino owner must be earning such a huge amount of money right now because 3 billion usd is a huge amount of money even if the owner is only earning like
20-50% from it. But at the end, they still pay to their action as the authorities has made their move already.

ethereumhunter

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Quote from: kotajikikox on August 09, 2020, 01:37:11 AM

They will continue seeking there's money that the government can get from this illegal doers.

$3Billion is a huge amount and can do good projects once the confiscated money being redirect to government funds.

Government of this country needs to continue and find more and get a good amount of rewards
coming from this illegal gaming operators.

I am sure it does. The government will not let them run away with that money because if the government can get that money, they can have more income to solve the economic problem. I am sure that there are many other illegal gaming operators out there that still operate without paying the taxes, and that will be a difficult job for the government to find them.

Quote from: batang_bitcoin on August 09, 2020, 04:46:20 AM

That's always the case for illegal operation of casinos, they can bribe the arresting officer and its higher officials so that they will be spared. But that will also create an idea that those officers will just do the same thing of the raid and they will know what they are asking for the 2nd time around. This kind of system sucks and it's really happening in different parts of the world not just in casino industry and businesses but mostly for the major businesses if there's corruption in the system.

Unfortunately, that system still survives in this era, and we don't know when it can end until we have a clean government in all countries. But I am afraid that the system can not be eliminated as long as the government officials don't have responsibilities with their job. Having a casino is okay in the country, which allows gambling, but the problem will the individuals in the government who control the taxes.

Quote from: Vishnu.Reang on August 09, 2020, 08:25:17 AM

Even in those countries where gambling is legal, you can find illegal and unlicensed casinos. Because the government rules make it mandatory for the casinos to perform the KYC process on their clients. Now the criminals and tax evaders can't go to these casinos, as the dirty money may get traced back to them. Under such circumstances, they will prefer illegal casinos.

The casino can hide its operations underground without any of the people from the government know. Even if the officials from the government know about them, the casino owner will shut their mouths by giving them many gifts until they don't chase them, and they can back up their business. There will be many other illegal casinos that will operate in the future, and especially they can use crypto to gamble.

iTradeChips

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Quote from: Degens on August 08, 2020, 06:19:10 AM

Quote from: finaleshot2016 on August 07, 2020, 07:52:25 AM

Quote from: Tipstar on August 07, 2020, 07:26:44 AM

Quote from: ethereumhunter on August 07, 2020, 06:52:55 AM

Quote from: ?? on ??

Quote from: ethereumhunter on August 05, 2020, 08:17:18 AM

I think that is really happening in the country, which is ban gambling, and I think the owner of the casino can paying the corrupt police or people from the government, so they can free to run their business without worry. In many countries, there will be people who will corrupt and help the business illegal, but the government is trying to clean up that thing in every department to catch that corrupt person. So we might see that in the news or television, some people being caught by the police because they are corrupt.

Corruption is the reason for each and every mistake that's been happening with management. When there happens mismanagement automatically the system will collapse. Same is with the gambling business. The corrupt officials without following regulations support it, finally they run away with poor peoples money. In my country gambling networks function from warehouses.

Indeed. Corruption happens in many countries, and it's not just happening in the government, but it's also happening in any aspect of jobs. So it is not surprising if we see some corrupt officials from the government have back up for the gambling places, so the law can not touch those places. But I am sure that in the end, they can not always break the law, and there will be some honest officials who would chase them, and arrest them because of their fault.

The reason why illegal gambling flourish is they don't pay the taxes. When casinos don't pay taxes and don't have to follow the guidelines, it would generate more profit and mostly provide better returns to gamblers. Many of the countries have strict gambling regulations and they take a good chunk of profit as taxes.

That's true, there's a lot of POGOs around here in our country run by Chinese and they're not paying taxes. If those gambling establishments here are paying taxes then maybe we already paid our debts to international banks. The government is good at closing establishments who have a good purpose and having a public service but a POGO can't even stop operating here. Illegal gambling businesses always has cases like money laundering and problematic gambling so I hope they prohibit it.

Sorry, but what does a POGO mean?

Here is definition of POGO:

"Philippine Offshore Gaming Operators or POGOs are online gambling firms that operate in the Philippines but cater to customers outside the country. To operate legally they must be licensed by the Philippine Amusement and Gaming Corporation (PAGCOR). "

Sadly there are lots of illegal gaming operators in Metro Manila and are operating in private residences all cramped into something that looks like a small computer shop or internet cafe. And they do that so they will not be obliged to pay the taxes and fees set by the government. Aside from issues with Tax evasion, there are other things that happens like increased prostitution near the illegal sites. Human trafficking of Chinese workers who work on these illegal establishments, also local corruption possibly in the barangay (smallest unit of territory inside a city or a town) or town/city level. I do not have evidence of course, so you we can dismiss this first as "hearsay" or "rumor".

Vishnu.Reang

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Quote from: ?? on ??

If the casino operates illegal, they can save money for themselves. Still, I don't think that the government will not stop investigate and search for the casino because if the government lets it happen without doing something, the government will not get more money from the casino. Once they can be caught, the casino needs to pay the taxes and pay fines to the government.

Even in those countries where gambling is legal, you can find illegal and unlicensed casinos. Because the government rules make it mandatory for the casinos to perform the KYC process on their clients. Now the criminals and tax evaders can't go to these casinos, as the dirty money may get traced back to them. Under such circumstances, they will prefer illegal casinos.

batang_bitcoin

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Quote from: ?? on ??

If the casino operates illegal, they can save money for themselves. Still, I don't think that the government will not stop investigate and search for the casino because if the government lets it happen without doing something, the government will not get more money from the casino. Once they can be caught, the casino needs to pay the taxes and pay fines to the government.

That's always the case for illegal operation of casinos, they can bribe the arresting officer and its higher officials so that they will be spared. But that will also create an idea that those officers will just do the same thing of the raid and they will know what they are asking for the 2nd time around. This kind of system sucks and it's really happening in different parts of the world not just in casino industry and businesses but mostly for the major businesses if there's corruption in the system.

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Quote from: ?? on ??

Quote from: reliable on August 08, 2020, 02:31:52 AM

Quote from: ethereumhunter on August 08, 2020, 02:29:12 AM

-Snip-

If the casino operates illegal, they can save money for themselves. Still, I don't think that the government will not stop investigate and search for the casino because if the government lets it happen without doing something, the government will not get more money from the casino. Once they can be caught, the casino needs to pay the taxes and pay fines to the government.

They will continue seeking there's money that the government can get from this illegal doers.

$3Billion is a huge amount and can do good projects once the confiscated money being redirect to government funds.

Government of this country needs to continue and find more and get a good amount of rewards
coming from this illegal gaming operators.

Degens

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Quote from: finaleshot2016 on August 07, 2020, 07:52:25 AM

Quote from: Tipstar on August 07, 2020, 07:26:44 AM

Quote from: ethereumhunter on August 07, 2020, 06:52:55 AM

Quote from: ?? on ??

Quote from: ethereumhunter on August 05, 2020, 08:17:18 AM

I think that is really happening in the country, which is ban gambling, and I think the owner of the casino can paying the corrupt police or people from the government, so they can free to run their business without worry. In many countries, there will be people who will corrupt and help the business illegal, but the government is trying to clean up that thing in every department to catch that corrupt person. So we might see that in the news or television, some people being caught by the police because they are corrupt.

Corruption is the reason for each and every mistake that's been happening with management. When there happens mismanagement automatically the system will collapse. Same is with the gambling business. The corrupt officials without following regulations support it, finally they run away with poor peoples money. In my country gambling networks function from warehouses.

Indeed. Corruption happens in many countries, and it's not just happening in the government, but it's also happening in any aspect of jobs. So it is not surprising if we see some corrupt officials from the government have back up for the gambling places, so the law can not touch those places. But I am sure that in the end, they can not always break the law, and there will be some honest officials who would chase them, and arrest them because of their fault.

The reason why illegal gambling flourish is they don't pay the taxes. When casinos don't pay taxes and don't have to follow the guidelines, it would generate more profit and mostly provide better returns to gamblers. Many of the countries have strict gambling regulations and they take a good chunk of profit as taxes.

That's true, there's a lot of POGOs around here in our country run by Chinese and they're not paying taxes. If those gambling establishments here are paying taxes then maybe we already paid our debts to international banks. The government is good at closing establishments who have a good purpose and having a public service but a POGO can't even stop operating here. Illegal gambling businesses always has cases like money laundering and problematic gambling so I hope they prohibit it.

Sorry, but what does a POGO mean?

reliable

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Quote from: ethereumhunter on August 08, 2020, 02:29:12 AM

Quote from: Tipstar on August 07, 2020, 07:26:44 AM

Quote from: ethereumhunter on August 07, 2020, 06:52:55 AM

Indeed. Corruption happens in many countries, and it's not just happening in the government, but it's also happening in any aspect of jobs. So it is not surprising if we see some corrupt officials from the government have back up for the gambling places, so the law can not touch those places. But I am sure that in the end, they can not always break the law, and there will be some honest officials who would chase them, and arrest them because of their fault.

The reason why illegal gambling flourish is they don't pay the taxes. When casinos don't pay taxes and don't have to follow the guidelines, it would generate more profit and mostly provide better returns to gamblers. Many of the countries have strict gambling regulations and they take a good chunk of profit as taxes.

Yes, that is the reason. Their profit becomes bigger from month by month while they don't need to pay the taxes. That will be their benefit to collecting more profits from the gamblers because they don't have to add more expenses to their report. Maybe that is why the reason for the illegal gambling place is hiding from the government, and they can still run their business without worry from the government.

From the amount saved in in taxes some amount will be going in bribes etc. So, rest I think they save a lot of money and thus it is benefitted to operate illegally. But the risk if it gets bursts then it is gone and exactly that is what has happened here as well. Now it’s over for them and face the law and go in prison.

ethereumhunter

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Quote from: Tipstar on August 07, 2020, 07:26:44 AM

Quote from: ethereumhunter on August 07, 2020, 06:52:55 AM

Indeed. Corruption happens in many countries, and it's not just happening in the government, but it's also happening in any aspect of jobs. So it is not surprising if we see some corrupt officials from the government have back up for the gambling places, so the law can not touch those places. But I am sure that in the end, they can not always break the law, and there will be some honest officials who would chase them, and arrest them because of their fault.

The reason why illegal gambling flourish is they don't pay the taxes. When casinos don't pay taxes and don't have to follow the guidelines, it would generate more profit and mostly provide better returns to gamblers. Many of the countries have strict gambling regulations and they take a good chunk of profit as taxes.

Yes, that is the reason. Their profit becomes bigger from month by month while they don't need to pay the taxes. That will be their benefit to collecting more profits from the gamblers because they don't have to add more expenses to their report. Maybe that is why the reason for the illegal gambling place is hiding from the government, and they can still run their business without worry from the government.

finaleshot2016

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Quote from: Tipstar on August 07, 2020, 07:26:44 AM

Quote from: ethereumhunter on August 07, 2020, 06:52:55 AM

Quote from: ?? on ??

Quote from: ethereumhunter on August 05, 2020, 08:17:18 AM

I think that is really happening in the country, which is ban gambling, and I think the owner of the casino can paying the corrupt police or people from the government, so they can free to run their business without worry. In many countries, there will be people who will corrupt and help the business illegal, but the government is trying to clean up that thing in every department to catch that corrupt person. So we might see that in the news or television, some people being caught by the police because they are corrupt.

Corruption is the reason for each and every mistake that's been happening with management. When there happens mismanagement automatically the system will collapse. Same is with the gambling business. The corrupt officials without following regulations support it, finally they run away with poor peoples money. In my country gambling networks function from warehouses.

Indeed. Corruption happens in many countries, and it's not just happening in the government, but it's also happening in any aspect of jobs. So it is not surprising if we see some corrupt officials from the government have back up for the gambling places, so the law can not touch those places. But I am sure that in the end, they can not always break the law, and there will be some honest officials who would chase them, and arrest them because of their fault.

The reason why illegal gambling flourish is they don't pay the taxes. When casinos don't pay taxes and don't have to follow the guidelines, it would generate more profit and mostly provide better returns to gamblers. Many of the countries have strict gambling regulations and they take a good chunk of profit as taxes.

That's true, there's a lot of POGOs around here in our country run by Chinese and they're not paying taxes. If those gambling establishments here are paying taxes then maybe we already paid our debts to international banks. The government is good at closing establishments who have a good purpose and having a public service but a POGO can't even stop operating here. Illegal gambling businesses always has cases like money laundering and problematic gambling so I hope they prohibit it.

Topic: Vietnam bursts an illegal casino who used to handle bets worth $3 billions - page 3. (Read 3525 times)