What will be the Faith of Casino business owners?

[michellee]

I think Bangladesh is an Islamic country so gambling is basically haram in their religion so making them as illegal activity in their country is not an surprising so if there is any active gambling site or company then its better to somewhere where is is more welcomed.

but i was just thinking that since Bangladesh is a Muslim country and you have mentioned that it is Haram means prohibited,but why it took them this far to make a law being gambling as illegal?sorry but it confuses me because in other countries like middle east where gambling was banned eversince .and why in their case the banning was being tackled just by now.sorry if i missed something but this what i asked reading this thread and the answers

I think with the making of law that saying gambling is prohibited will make people have a strong mind to realize that besides in their religion, gambling is haram, their country is also saying that gambling is not permitted. People will not come to the casino or browse a gambling website.

That is normal to see the law about prohibiting gambling in some Muslim country. Even if their religion says that gambling is haram, that doesn't make people stay away from gambling. There will be people who still come to gambling places, or even they will gamble with a secret.

Besides that, there will be a sanction to people who break the rule, and they will go to jail because of gambling.

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[FanEagle]

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

Assuming  Casino gambling is banned globally, the fate of the Casino business owners will be looking for new venturs and establish a new career path.  There is not much mystery behind their fate.  They will continue to live on their new business establishement practice.  It is not the end of the world for them, there are lots of opportunity to venture, it is up to them on which one they will take.

Exactly what my humble thoughts were, and they would have even made more than enough money that will enable them diversify into other businesses of their choice that will be successful and stand as a lifetime investment for them.

I am not a business person but from all I have read, entrepreneurs are always ready for whatever comes their way and in most cases they always forecast what happens even before it happens to them. Casino owners are big time entrepreneurs and scammers at that so they would definitely survive if gambling is globally banned, maybe they would introduce something else that would look similar to gambling.

[deisik]

I am not a business person but from all I have read, entrepreneurs are always ready for whatever comes their way and in most cases they always forecast what happens even before it happens to them. Casino owners are big time entrepreneurs and scammers at that

I'm curious as to what makes you think so

Does it mean that all big time entrepreneurs are scammers, or only great entrepreneurs among casino owners are scammers? In other words, are casino operators scammers by default unless proven otherwise? I think most of them would honestly and passionately disagree with this view, especially with the part about scammers. Note that I don't say that you are necessarily wrong or anything to that effect, I just want to understand your train of thought, how you came to think that way

[Reatim]

I am not a business person but from all I have read, entrepreneurs are always ready for whatever comes their way and in most cases they always forecast what happens even before it happens to them. Casino owners are big time entrepreneurs and scammers at that

I'm curious as to what makes you think so

Does it mean that all big time entrepreneurs are scammers, or only great entrepreneurs among casino owners are scammers? In other words, are casino operators scammers by default unless proven otherwise? I think most of them would honestly and passionately disagree with this view, especially with the part about scammers. Note that I don't say that you are necessarily wrong or anything to that effect, I just want to understand your train of thought, how you came to think that way

I think it was overstatement to say that Casino owners are scammers ,yea there are cases according to what is being tackled here in crypto community but it doesn’t mean hat majority does,remember that there are casino owners here that has great reputations,like those owners of

 cryptogames=Dogecoinmachine

777coin
Bitvest = lightlord

Fortune jack=FJ

Wolf.bet =(managed by zwei)

And so many more to mention

So that’s exaggerated to tell that generally scammers ,let’s be specific to respect others as well

[Sahyadri]

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

In whatever nation it is, people always find ways to break the rules and be anonymous. Using VPN to hide IDs is one way if you are playing online or there are ways to play on some other nation server. Also, there are so many gambling portfolios and services, that any individual can find way to try his luck, bet money and maybe win.

[gabmen]

I am not a business person but from all I have read, entrepreneurs are always ready for whatever comes their way and in most cases they always forecast what happens even before it happens to them. Casino owners are big time entrepreneurs and scammers at that

I'm curious as to what makes you think so

Does it mean that all big time entrepreneurs are scammers, or only great entrepreneurs among casino owners are scammers? In other words, are casino operators scammers by default unless proven otherwise? I think most of them would honestly and passionately disagree with this view, especially with the part about scammers. Note that I don't say that you are necessarily wrong or anything to that effect, I just want to understand your train of thought, how you came to think that way

Same here. Having house edge doesn't mean you're being scammed by operators of casinos, especially big ones. People are aware of the odds whether they're betting with or against it. I doubt that many people will be in agreement with this dude here. I'm pretty sure that people in countries who doesn't allow gambling will always find ways to do so. Same goes for owners to find ways to reach their gamblers.

[TheUltraElite]

Casino owners are big time entrepreneurs and scammers at that so they would definitely survive if gambling is globally banned, maybe they would introduce something else that would look similar to gambling.

Newer ones are entrepreneurs while older ones are established owners.

The word scammer does not go with them. Maybe you have just lost some stash of coins on some casino because of your uncontrolled greed and thus making this comment but they are definitely not the scammers here if their site is provably fair.

Talking about bans, they are useless to stop people. Those who want to gamble will find out methods to circumvent.

Again you should know that most bans are just extortion methods for governments to get money from casino owners forcing them to pay something to allow people to bet again. Whatever religious BS someone may claim, the reality is that is it a type of extortion.

[swogerino]

Casino owners are big time entrepreneurs and scammers at that so they would definitely survive if gambling is globally banned, maybe they would introduce something else that would look similar to gambling.

Newer ones are entrepreneurs while older ones are established owners.

The word scammer does not go with them. Maybe you have just lost some stash of coins on some casino because of your uncontrolled greed and thus making this comment but they are definitely not the scammers here if their site is provably fair.

Talking about bans, they are useless to stop people. Those who want to gamble will find out methods to circumvent.

Again you should know that most bans are just extortion methods for governments to get money from casino owners forcing them to pay something to allow people to bet again. Whatever religious BS someone may claim, the reality is that is it a type of extortion.

I want to give an example as I am living in Albania right now because I change country every six months or every year because my job as an IT support engineer.

The government did ban all local casinos and betting shops and they supposedly closed all online domains or made them inaccessible through most browsers here.The fact is that is just a move to make the brother of the Prime Minister get all the money as the only online domain allowed to play now is the one who is owned by him.All the money of gambling circles flows there.

Anything that comes from any government comes to only benefit them and not care about the people at all.

[doomistake]

If the time will come that total ban will be implemented to all the casino enterprises, there would be a huge impact to the owners and as well in the economy. The casino owners will face a great loss in their business. The money they invested to gain profit will be taken away from them in a snap. It will be hard on their part for sure because they will make a big adjustment to start again since they lost one source of their income. On the other hand, it will make them think of another business on how to make money flow.


Together with the unfortunate feeling the owner will feel if casino will be taken down, so will be felt by the ones who were depending on them. Casinos are private businesses that has beneficiaries like charities. If ever they would be shut down, these beneficiaries will no longer receive the help being given to them by operating casinos. Aside from the help they're receiving from the government, the projects funded by casinos were of great help especially to the lower class bracket of the society. For example, it helps those people in need by funding hospitals (medical needs) and helping those who are in rural areas, in making the facilities of schools better and suitable to have good quality education.

 The taxes casinos pay also were utilize for national funds. It was allocated in different areas by the regulatory office handling it. It stabilizes the flow of money on the business ground and gives the chance for those risk-takers to make their money grow by gambling.

[Assface16678]

If the time will come that total ban will be implemented to all the casino enterprises, there would be a huge impact to the owners and as well in the economy. The casino owners will face a great loss in their business. The money they invested to gain profit will be taken away from them in a snap. It will be hard on their part for sure because they will make a big adjustment to start again since they lost one source of their income. On the other hand, it will make them think of another business on how to make money flow.


Together with the unfortunate feeling the owner will feel if casino will be taken down, so will be felt by the ones who were depending on them. Casinos are private businesses that has beneficiaries like charities. If ever they would be shut down, these beneficiaries will no longer receive the help being given to them by operating casinos. Aside from the help they're receiving from the government, the projects funded by casinos were of great help especially to the lower class bracket of the society. For example, it helps those people in need by funding hospitals (medical needs) and helping those who are in rural areas, in making the facilities of schools better and suitable to have good quality education.

 The taxes casinos pay also were utilize for national funds. It was allocated in different areas by the regulatory office handling it. It stabilizes the flow of money on the business ground and gives the chance for those risk-takers to make their money grow by gambling.

We all know that one of the most significant profit today is with the use of gambling, and many people always want to play on this gambling house every time, and every night, there are a lot of people playing some gambling games like cards, dice, and more. Most of the gamblers who play want to have some fun and also want to have some extra earning because we all know that if we are competent in playing gambling and strategy game you have a potential to play gambling and by this skills, you can make a profit but be careful about your loses. Now imagine how many people always playing gambling and some of them are losing and for a one person can lose for over a hundred dollars, and it will go into the owner of the casino and this owner becomes rich because of the players loses their game, but we all know before we start in gambling it is full of risk it depends on your faith if you will win or not.

[ethereumhunter]

In whatever nation it is, people always find ways to break the rules and be anonymous. Using VPN to hide IDs is one way if you are playing online or there are ways to play on some other nation server. Also, there are so many gambling portfolios and services, that any individual can find way to try his luck, bet money and maybe win.

They can only do that by temporary because no matter what, the admin of that gambling site will know if they cheat or break the rules so the site can ban their account. If that gambler wants to try his luck, he doesn't have to use big money for bet because that will be too risky, especially if he cannot control himself.

But if the gambling site has been banned from that country, that site can still get another gambler since people now can access any site using VPN, and people will find out the other ways to connect to servers. The casino business owners can still run the website because they will be out from the jurisdiction of that country if they host their site in foreign servers that are not related to their government.

[LbtalkL]

As mentioned in the article only "illegal Casinos" those casinos that do not have a permit and license to operate, etc. Their fate is obviously very predictable either in jail or needed to pay a bunch of money for penalty and need to stop their operation. Legal Casinos, of course, will stay and continue running. I think Online casinos are much better for both owners and players, accessible anywhere and anytime.

[BALIK]

Casinos are already banned in several places, in particular in countries where people have limited freedom, such as communist and authoritarian government countries.

Either way, Bitcoin and most other cryptos (or all?) are not considered money, hence there's nothing to gamble.

I believe that most casinos will have no problem staying in operation even if such a law passes, since they can simply cost elsewhere.

[TheUltraElite]

Casinos are already banned in several places, in particular in countries where people have limited freedom, such as communist and authoritarian government countries.

But some countries want the tax that these casinos generate and thus allow them to flourish. Censorship is not healthy thing to do here specially when humans tend to take risks with money. Still there needs to be a balance and allowing people to take responsibilities will only bring in backlash from other political parties, like it is in the US. Trump owns casinos in Vegas while others envy it.

Either way, Bitcoin and most other cryptos (or all?) are not considered money, hence there's nothing to gamble.

This is another topic of discussion. It is the local government's decision which is considered.

I believe that most casinos will have no problem staying in operation even if such a law passes, since they can simply cost elsewhere.

Casino businesses will just move to other countries and operate under a new name.

[peter0425]

Casinos are already banned in several places, in particular in countries where people have limited freedom, such as communist and authoritarian government countries.

and also those countries that has religious belief in which they are banning Gambling as it was from the religion.

Either way, Bitcoin and most other cryptos (or all?) are not considered money, hence there's nothing to gamble.

i don't get it as "Not considered Money and theres nothing to gamble"?actually before we can accumulate these cryptos(not unless we received from airdrops for free) so this means we bought those cryptos before we can gamble using so that is a Money.

I believe that most casinos will have no problem staying in operation even if such a law passes, since they can simply cost elsewhere.

casino's will face problem mate if they operate in countries that banning gambling because the government will run after them to file charges.

[michellee]

As mentioned in the article only "illegal Casinos" those casinos that do not have a permit and license to operate, etc. Their fate is obviously very predictable either in jail or needed to pay a bunch of money for penalty and need to stop their operation. Legal Casinos, of course, will stay and continue running. I think Online casinos are much better for both owners and players, accessible anywhere and anytime.

If the casino doesn't have a license to operate and they don't try to search from the government, then they can get jail, and they can pay some amount of money to operate the casino still. But I don't think that they can run the casino for a long time because their fate can be in jail because of breaking the law. Maybe that will be the same thing that will happen with the online casino.

[TheUltraElite]

If the casino doesn't have a license to operate and they don't try to search from the government, then they can get jail, and they can pay some amount of money to operate the casino still.

That would be too risky and shady for any casino to start the business, dont you think? If they are going to set up business they will try to follow the legal system as far as possible to prevent prosecution later on.

But I don't think that they can run the casino for a long time because their fate can be in jail because of breaking the law. Maybe that will be the same thing that will happen with the online casino.

Which is why such casinos are often going to be scams. People try to seek out such new casinos because end of the day they are gamblers and have lost money elsewhere and they have their fallacious judgement that a new casino would mean a better odds, which is of course wrong. When we have trusted casinos, which trusted owners here why bother to try other casinos which are newly established.

[michellee]

If the casino doesn't have a license to operate and they don't try to search from the government, then they can get jail, and they can pay some amount of money to operate the casino still.

That would be too risky and shady for any casino to start the business, dont you think? If they are going to set up business they will try to follow the legal system as far as possible to prevent prosecution later on.

Yes, that can take attention from the government to bust them, and maybe the owner will get jail because of breaking the law. I think the gambling owner already thinks about that, and they will obey the rule in their country because I think the owner only wants to make a profit without breaking the law.

Which is why such casinos are often going to be scams. People try to seek out such new casinos because end of the day they are gamblers and have lost money elsewhere and they have their fallacious judgement that a new casino would mean a better odds, which is of course wrong. When we have trusted casinos, which trusted owners here why bother to try other casinos which are newly established.

Somehow, I only think that if the owners are running online their gambling site, they can invite so many gamblers to come to their website, and even though their gambling site become a scam, they can build another site with another ID.

Yes, we don't have to try with the new casino if we have a trusted gambling site, and that will reduce the risk of scamming itself.

[Kakmakr]

The major religion in Bangladesh is Islam (90%), but a significant percentage of the population adheres to Hinduism (9%). Other religious groups include Buddhists 0.6%, (mostly Theravada), Christians (0.3%, mostly Roman Catholics), and Animists (0.1%).

Source : https://en.wikipedia.org/wiki/Freedom_of_religion_in_Bangladesh

The Quran explicitly forbids all forms of gambling. The Bangladesh government are influenced by their majority religious voters and the Bangledesh Gambling Law prohibits all forms of gambling in the country, except for lotteries and horse racing. < Makes you wonder what are so different with those kinds of gambling, seeing that they call it, “The Sport of Kings” > 

So the gambling owners will most probably move their operations online and even relocate to other countries to stay in operation. They can even offer virtual horse racing and/or offer Lottery options on their sites. < I think only the National Lottery are allowed  >

Several offshore operators still welcome players from Bangladesh, but people are too scared to access and play on these sites, because it is illegal in their country and it is against their religion.

[Quidat]

If the casino doesn't have a license to operate and they don't try to search from the government, then they can get jail, and they can pay some amount of money to operate the casino still.

That would be too risky and shady for any casino to start the business, dont you think? If they are going to set up business they will try to follow the legal system as far as possible to prevent prosecution later on.

But I don't think that they can run the casino for a long time because their fate can be in jail because of breaking the law. Maybe that will be the same thing that will happen with the online casino.

Which is why such casinos are often going to be scams. People try to seek out such new casinos because end of the day they are gamblers and have lost money elsewhere and they have their fallacious judgement that a new casino would mean a better odds, which is of course wrong. When we have trusted casinos, which trusted owners here why bother to try other casinos which are newly established.

You can stop those people who are really fan on trying out new casinos, they might be aware of the risk but it isnt bad to test out because you cant tell sites legitimacy if you wont try
and some of people wont really mind that much.On my case i do let others test out and hear up for some feedbacks before trying to play into that place.Of course having a license to operate does
really matter but imho most of sites now  doesnt have that thing but somewhat they are still being trusted by the community.