What will be the Faith of Casino business owners? - page 6.

Yatsan

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Quote from: LogitechMouse on October 17, 2019, 02:34:07 AM

Quote from: Bagaji on October 13, 2019, 07:46:44 AM

If the propose Public Amendment of Gambling Law to BAN Casino come to pass what then will be faith of those who are benefiting from casino business related activities https://dailyasianage.com/news/199020/amendment-to-gambling-law-to-ban-casino

Those who has a casino in Bangladesh probably will find another country where they will put their casino again. This is one country only whose gambling has been banned and there are many countries who accepts gambling.

There are some governments too that are benefiting from gambling like in our country. We have a lottery game which is under the government and we have some casinos who is registered already so for the sake of money, the government will don't ban gambling Cheesy

.

That will be the time that online casino's/bitcoin casino's will go into the game. They can ban physical casino's but they can't ban the online one, because they cannot regulate it, and besides you are anonymous when you play in online so, it doesn't matter if gambling is ban on your country you can always play online without your government interfering it.

semobo

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Quote from: TinaK on October 16, 2019, 03:00:47 PM

Quote from: semobo on October 16, 2019, 01:52:19 PM

If any country bans the gambling activities then the option for gambling site owners is to move to another country where it being supported and it can be possible for the sites which are making decent revenues.

So you mean to say we can trust the casino owners to make the money on their site am I right?
I never believe the site owner and all, if the website and project is good and trustworthy. We can trust the site owner also because individual trust will not work for it. Because even big exchanges got the negative feedbacks.

I didn't said anything about trust!

What gambling site owners needs to do when their country doesn't support their activity.

LogitechMouse

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Quote from: Bagaji on October 13, 2019, 07:46:44 AM

If the propose Public Amendment of Gambling Law to BAN Casino come to pass what then will be faith of those who are benefiting from casino business related activities https://dailyasianage.com/news/199020/amendment-to-gambling-law-to-ban-casino

Those who has a casino in Bangladesh probably will find another country where they will put their casino again. This is one country only whose gambling has been banned and there are many countries who accepts gambling.

There are some governments too that are benefiting from gambling like in our country. We have a lottery game which is under the government and we have some casinos who is registered already so for the sake of money, the government will don't ban gambling Cheesy

.

crzy

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Quote from: Bagaji on October 13, 2019, 07:46:44 AM

If the propose Public Amendment of Gambling Law to BAN Casino come to pass what then will be faith of those who are benefiting from casino business related activities https://dailyasianage.com/news/199020/amendment-to-gambling-law-to-ban-casino

It will not happen worldwide because even government employees are benefiting a lot from gambling and we know some places are really designed for gambling. I've read the article and the ban will only be specific on one religion and I believe this is already implemented since then. Casinos businesses will not be shutdown, they will continue to work, we also have casinos that is purely organized by the government.

jhonjhon

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Quote from: virasog on October 13, 2019, 07:53:20 AM

Quote from: Bagaji on October 13, 2019, 07:46:44 AM

If the propose Public Amendment of Gambling Law to BAN Casino come to pass what then will be faith of those who are benefiting from casino business related activities https://dailyasianage.com/news/199020/amendment-to-gambling-law-to-ban-casino

This article does not cover the overall casino gambling business worldwide and it is only related to the Muslim country Bangladesh. Gambling is already prohibited in that area and government wants to shut down the illegal running casinos.

Quote

Article 18(2) of the Constitution of Bangladesh says, "The State shall adopt effective measures to prevent prostitution and gambling."Therefore, gambling is a illegal act but not business. Besides, Sections 3, 4, 13 of the Public Gambling Act, 1867, define gambling as a criminal and punishable offence.

The law is for Bangladesh and I think they have ban gambling or crypto already because it is against what they believe and they consider gambling as a criminal offense. Gambling is a huge business and it actually depends on the country or religion your at. With this law, the owners will really have to divert their business to something else because they'll be imprisoned if they will continue running a gambling business.

Capt00

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Quote from: Finestream on October 13, 2019, 08:29:37 AM

Quote from: virasog on October 13, 2019, 07:53:20 AM

Quote from: Bagaji on October 13, 2019, 07:46:44 AM

If the propose Public Amendment of Gambling Law to BAN Casino come to pass what then will be faith of those who are benefiting from casino business related activities https://dailyasianage.com/news/199020/amendment-to-gambling-law-to-ban-casino

This article does not cover the overall casino gambling business worldwide and it is only related to the Muslim country Bangladesh. Gambling is already prohibited in that area and government wants to shut down the illegal running casinos.

Quote

Article 18(2) of the Constitution of Bangladesh says, "The State shall adopt effective measures to prevent prostitution and gambling."Therefore, gambling is a illegal act but not business. Besides, Sections 3, 4, 13 of the Public Gambling Act, 1867, define gambling as a criminal and punishable offence.

OP should update the thread title or put some words from the article so readers will not be mislead.
Every country has their own regulation and this one talks only about the Bangladesh government, this doesn't cover the majority of casinos both online and offline and we know it's a big industry like a billion dollar industry in total, so there's a lot of money at stake here and it will not be stop completely.

Gambling is indeed a very big industry that it made it impossible to ban in some other countries but in other countries whose religion believes that gambling is a sin then ultimately they are going to ban it because it is against their belief. If OP is worried about the banning of gambling sites or casinos in their country and he don't want to do that then might as well migrate to a country where gambling is fully legal, as simple as that. On the other note, if that law will be implemented then I think the faith of casino owners will be unfortunate and that they really have to close down.

magneto

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I'm fairly sure that most casino businesses operate without a license in the crypto space anyway.

The select few that do have online gaming licenses hold it in safe haven countries that literally depend on these licenses for their internal revenue, which probably won't be affected by any new legislation of this sort in countries that weren't considered "safe havens" in the first place.

As a result, I doubt that the landscape will shift significantly.

Tungsten-1

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Quote from: Chrystora123 on October 16, 2019, 10:25:35 AM

Quote from: virasog on October 13, 2019, 07:53:20 AM

Quote from: Bagaji on October 13, 2019, 07:46:44 AM

snip...

This article does not cover the overall casino gambling business worldwide and it is only related to the Muslim country Bangladesh. Gambling is already prohibited in that area and government wants to shut down the illegal running casinos.

I think the OP intends to offend this on a broad scale, and the article which offends Bangladesh is just an example.

Quote from: traderethereum on October 13, 2019, 08:59:54 AM

Maybe in that country, people will not see a casino again because gambling will be prohibited in that country.
People will use a VPN to hide their real IP because, at that time, people can not go to the real casino.
But I don't think that the government can prohibit gambling easily because some gambling owners will use different approaches to running their business.

online gambling cannot be stopped.. my country strictly prohibits all forms of gambling (online/offline) but still cannot be stopped, even according to statistics the growth rate of online gambling players in my country is increasing.

Gambling is good for a country if people do play it in limit and don’t let their official and personal life get effected with gambling. In my country it is not ban people can gambling but still society does not see a gambler in a good way so problems are there in every country but people only do what they actually want to do, people who want to gamble will find anyway for it..

TinaK

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Quote from: semobo on October 16, 2019, 01:52:19 PM

If any country bans the gambling activities then the option for gambling site owners is to move to another country where it being supported and it can be possible for the sites which are making decent revenues.

So you mean to say we can trust the casino owners to make the money on their site am I right?
I never believe the site owner and all, if the website and project is good and trustworthy. We can trust the site owner also because individual trust will not work for it. Because even big exchanges got the negative feedbacks.

semobo

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If any country bans the gambling activities then the option for gambling site owners is to move to another country where it being supported and it can be possible for the sites which are making decent revenues.

Lanatsa

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Quote from: imstillthebest on October 16, 2019, 09:25:13 AM

i dont believe that all types/kinds of casinos will be banned . we are now on the year 2019 , we are now on the future but there are still casinos alive .

those who banned are only illegal but legal ones are still remain and possibly will remain forever even if the trend now was on crypto and crypto gambling online . there will still be players that prefer live casinos offline and the ones that dont know how to use the latest technology

If you do try to read it up then this one do only focus out on a single country when it comes to banning of gambling neither offline or online.

We know that each country do have its own measures or views towards gambling.Some even legalize it for the sake of taxation which we know that gambling
places can generate out some serious tax for the government.

Other hand, some places on the world does prohibit gambling due to their culture and religious aspect that's why we do see different decisions about it.

coin-investor

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Quote from: Bagaji on October 13, 2019, 07:46:44 AM

If the propose Public Amendment of Gambling Law to BAN Casino come to pass what then will be faith of those who are benefiting from casino business related activities https://dailyasianage.com/news/199020/amendment-to-gambling-law-to-ban-casino

This news is coming from Bangladesh so people who are into gambling in that region needs to deal with this one, here in our country it's not going to happen, we are liberal and a democratic country, there are many casinos in our country but part of the revenues goes to the health need of our people, $4.1 billion is hard to ignore, our casinos are being run by our government and this is one of the biggest revenue-generating government company.

Chrystora123

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Quote from: virasog on October 13, 2019, 07:53:20 AM

Quote from: Bagaji on October 13, 2019, 07:46:44 AM

snip...

This article does not cover the overall casino gambling business worldwide and it is only related to the Muslim country Bangladesh. Gambling is already prohibited in that area and government wants to shut down the illegal running casinos.

I think the OP intends to offend this on a broad scale, and the article which offends Bangladesh is just an example.

Quote from: traderethereum on October 13, 2019, 08:59:54 AM

Maybe in that country, people will not see a casino again because gambling will be prohibited in that country.
People will use a VPN to hide their real IP because, at that time, people can not go to the real casino.
But I don't think that the government can prohibit gambling easily because some gambling owners will use different approaches to running their business.

online gambling cannot be stopped.. my country strictly prohibits all forms of gambling (online/offline) but still cannot be stopped, even according to statistics the growth rate of online gambling players in my country is increasing.

GatotKaca

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Quote from: Bagaji on October 13, 2019, 07:46:44 AM

If the propose Public Amendment of Gambling Law to BAN Casino come to pass what then will be faith of those who are benefiting from casino business related activities https://dailyasianage.com/news/199020/amendment-to-gambling-law-to-ban-casino

gambling is not just on the casino site, there are still many others that can still be accessed and used. it's hard to accept things that we already like will just disappear, but as a gambler will not rely on just one site. surely gamblers also play in casinos.

imstillthebest

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i dont believe that all types/kinds of casinos will be banned . we are now on the year 2019 , we are now on the future but there are still casinos alive .

those who banned are only illegal but legal ones are still remain and possibly will remain forever even if the trend now was on crypto and crypto gambling online . there will still be players that prefer live casinos offline and the ones that dont know how to use the latest technology

supto005

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I also saw the news when this happened. This is only for Bangladesh. There are no offline casinos in Bangladesh. Even though an offline casino was developed, the government has banned it. The government has set up and banned online casino websites but they still play with VPN.

LogitechMouse

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Quote from: pakhitheboss on October 13, 2019, 09:34:11 AM

Lawa won't stop a gambler to gamble. He or She will find option to gamble. Yes, religion does prohibits individual to gamble but, gambling is a religion for gambler 😄

I have friends from muslim countries who have been gambling sceretly online .

If you really want to gamble then you will do anything.. I mean ANYTHING!!!!!!!! just to gamble - in short, your friends are addicted into gambling already. We can't blame them since they are just normal people and people do mistakes Cheesy

but if they will be caught then they will receive severe punishments for sure.

swogerino

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Quote from: DoublerHunter on October 15, 2019, 10:01:54 AM

Quote from: swogerino on October 15, 2019, 09:28:42 AM

This is easy the casinos need to migrate their servers to the “cloud” in a country where gambling is permitted and no one cares if you gamble or not or if you are a casino owner or not as long as you pay all the taxes required to hold your servers there.Many people will still have access through Vpn and other technologies.

^ If that is an online casino, but for me, I won't bypass the rules and the law by the government if I am the owner just to operate a gambling site. If you want to pursue your gambling business, the best option is to migrate to another country. Well, in the case of Bangladesh country they banning gambling because that is against their belief because 90% of people in Bangladesh are Islam and the rest is Hinduism and etc.

I know a bit about Islam because I work often in the Balkans and Bosnia,Kosovo and Albania are all with Islamic majority but gambling isn’t banned online in these countries while they have banned it locally in order to remove young people from playing.Religion is not an obstacle in these countries as the government is not religious.In countries like Bangladesh is another thing where you risk big penalties if caught gambling and I can understand that.

DoublerHunter

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Quote from: swogerino on October 15, 2019, 09:28:42 AM

This is easy the casinos need to migrate their servers to the “cloud” in a country where gambling is permitted and no one cares if you gamble or not or if you are a casino owner or not as long as you pay all the taxes required to hold your servers there.Many people will still have access through Vpn and other technologies.

^ If that is an online casino, but for me, I won't bypass the rules and the law by the government if I am the owner just to operate a gambling site. If you want to pursue your gambling business, the best option is to migrate to another country. Well, in the case of Bangladesh country they banning gambling because that is against their belief because 90% of people in Bangladesh are Islam and the rest is Hinduism and etc.

swogerino

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This is easy the casinos need to migrate their servers to the “cloud” in a country where gambling is permitted and no one cares if you gamble or not or if you are a casino owner or not as long as you pay all the taxes required to hold your servers there.Many people will still have access through Vpn and other technologies.

Topic: What will be the Faith of Casino business owners? - page 6. (Read 2723 times)