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Author Topic: Online Gambling could be used to pay for covid problems  (Read 81553 times)
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October 27, 2020, 08:12:35 PM
 #121

..but Europe is considering to tighten the laws of Gambling especially the online ones. They want to **regulate** it , which actually means that they want these online gambling casinos to pay up the government somehow.

I'm in favor of it as a whole when we looked at the positive side. Turned the most hype activity during the pandemic into something good.

During the pandemic, there are lots of illegal gambling operators that work under the shadows. It does mean that these unlicensed businesses (online gambling sites) are just getting profits without paying taxes to the government. By enforcing a new regulation (as I know they are currently strict), I'm seeing people will only trust legal gambling operators as the new regulation might also involved a violation for people that keeps patronizing illegal gambling operator.

The question is, how much the additional tax that should be imposed?

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October 27, 2020, 11:08:39 PM
 #122

Cons:
 1. People will have to actually pay up more indirectly for extra charges
 2. No privacy

1. Possible. But that depends on how far the government will put pressure on these casinos to pay for additional tax. But I'm sure the burden will not be passed by customers as it might result in not using their service.

2. All regulated casinos require KYC even way back before since they are protecting their customers too against possible fraud. And playing in online casino wherein all is private and fishy are more prone to scam (not talking about crypto gambling sites).

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October 27, 2020, 11:55:25 PM
 #123

It will not affect the online casino since they only need to pay for the taxes. Their profit will be affected by it and I think that the taxes that an online casino tax should be given to those who are poor. In that way, the casino and gamblers can help those people who are in need of help.
The strict regulation will be decreasing the users of gambling platforms. Remember about there are some regulations to create deposit limits. This will actually decrease the income of gambling platforms.
It will actually affect the online casinos.

Imagine when you are an owner of this platform and the users in your platforms have up to $5k deposit limit before the regulation and it is dropping to the $ 1k deposit limit after the regulation. The income for the platform will be 4 times less than what it should be when there's no strict regulation. Even if that will make the gambling platform becomes legal but it will be giving a very bad impact on the platform.

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October 28, 2020, 05:40:47 AM
 #124

It will not affect the online casino since they only need to pay for the taxes. Their profit will be affected by it and I think that the taxes that an online casino tax should be given to those who are poor. In that way, the casino and gamblers can help those people who are in need of help.
The strict regulation will be decreasing the users of gambling platforms. Remember about there are some regulations to create deposit limits. This will actually decrease the income of gambling platforms.
It will actually affect the online casinos.

Imagine when you are an owner of this platform and the users in your platforms have up to $5k deposit limit before the regulation and it is dropping to the $ 1k deposit limit after the regulation. The income for the platform will be 4 times less than what it should be when there's no strict regulation. Even if that will make the gambling platform becomes legal but it will be giving a very bad impact on the platform.
Not all countries legalize gambling sites or companies, especially in my country, many bookies are arrested every day by the police and there is probably no chance of helping Covid 19 from gambling sites. Gambling is considered a crime in my country and there are no gambling clubs like casinos or anything else. The regulations in my country are not allowed to gamble in any form, even donations that are packaged for Covid 19 are from gambling results, so far donations or assistance for Covid 19 other than from the government are only from private and social foundation institutions.

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October 28, 2020, 06:09:18 AM
 #125

Not all countries legalize gambling sites or companies, especially in my country, many bookies are arrested every day by the police and there is probably no chance of helping Covid 19 from gambling sites. Gambling is considered a crime in my country and there are no gambling clubs like casinos or anything else. The regulations in my country are not allowed to gamble in any form, even donations that are packaged for Covid 19 are from gambling results, so far donations or assistance for Covid 19 other than from the government are only from private and social foundation institutions.
Actually legalizing a gambling site will depend in on its features and how could it affect the community. Legalization of gambling sites could also mean that the gambling site wanting to get protection from the abuses from the users, for future complains against them and to make their service fair enough following the mandate of the government or the authority task for it. Most likely there are lots of compliance to submit in case gambling site would likely to be legalize.
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October 28, 2020, 06:19:14 AM
 #126

I am quite confused with OP's content and its title of the thread were completely different and does not synchronize.

Anyway, in regard to legalization of gambling site in my opinion especially if you are a gambler should be a yes for it will help you get protected from the abuses of those who created the gambling site. A possible manipulation can happen especially like conducting an event which is lottery. The owner can set up this up in favor to the casino without getting notice like joining a certain account for the lottery and set it to win. These are only an example of possible abuse from the gambling site. Likewise also to the gambling site owner they should get protected from the users that are likely to complain authorities in any irregularities that can possibly shut down the site. So legalization is a win win process.
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October 28, 2020, 07:43:56 AM
 #127

I see positive the measures that the countries of Europe will take to regulate online gambling because this will guarantee that people do not lose their jobs due to the Covid19 pandemic now that Europe is experiencing the second wave of infections.
The advertising of gambling sites could be affected those that sponsor sports teams as an example as mentioned in the article.
But the legislation will take time, it only remains to know how the law on the regularization of online gambling will evolve and the repercussions that it will bring.

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October 28, 2020, 08:00:26 AM
 #128

for me i don't see anything wrong to it, let's just look at the situation we currently have and by regulating the online casinos it would help the government some extra financial support for the covid problems it might be an issue to some about the kyc however believe it or not we could benefit from it.

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October 28, 2020, 08:09:58 AM
 #129

One good step from the Government to find ways in supporting their people specially Europe in which being affected badly of this pandemic.

I'm sure for the sake of Humanities the gambling operator will comply in good faith here and will help people in need.
as they are bagging money for years now and this taxation won't hurt their businesses.









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October 28, 2020, 09:39:23 AM
 #130

During the pandemic, many people took advantage of online gambling as income without having to leave the house and on the other hand the government needed additional fees for handling Covid-19, which until now has not been completely resolved.
In my opinion there is no problem in this way and there are additional costs for handling Covid-19, and it must be resolved immediately in any way for the safety of the community and I agree.

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October 28, 2020, 10:08:37 AM
 #131

During the pandemic, many people took advantage of online gambling as income without having to leave the house and on the other hand the government needed additional fees for handling Covid-19, which until now has not been completely resolved.
In my opinion there is no problem in this way and there are additional costs for handling Covid-19, and it must be resolved immediately in any way for the safety of the community and I agree.
government already done huge help for the covid victims and covid are now getting stablelize ,there is no need to rush and there is no extra cost because all help are already handed out of have done .

what they are going to need to do now is preparing and collecting funds for the recovery of the governments or to the recovery of the economy .  not just the government but we people also have a problem mostly financial and by engaging on online gambling we can be able to earn some funds to it if we are lucky .
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October 28, 2020, 10:36:55 AM
 #132

One good step from the Government to find ways in supporting their people specially Europe in which being affected badly of this pandemic.

I'm sure for the sake of Humanities the gambling operator will comply in good faith here and will help people in need.
as they are bagging money for years now and this taxation won't hurt their businesses.

each case is unique but I think it'll probably be hard for online casinos to comply with that.
they could simply change companies for another country and operate worldwide without having to pay taxes (not impossible to set up an online company for that).

I'm not judging the ethics about it.

But it's also worth to consider that depending on the country the government is really inefficient in making the money reach the projects it should reach

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October 28, 2020, 10:45:25 AM
 #133

for me i don't see anything wrong to it, let's just look at the situation we currently have and by regulating the online casinos it would help the government some extra financial support for the covid problems it might be an issue to some about the kyc however believe it or not we could benefit from it.
And besides Casinos are really gaining too much (those who runs legit and confident over the years) so taking small amount wont affect their business in bad shape.
i will support such kind of action instead of taxing other areas in which much affected  of the pandemic.
During the pandemic, many people took advantage of online gambling as income without having to leave the house and on the other hand the government needed additional fees for handling Covid-19, which until now has not been completely resolved.
In my opinion there is no problem in this way and there are additional costs for handling Covid-19, and it must be resolved immediately in any way for the safety of the community and I agree.
They gamble online but took advantage?nope because for sure what they got is losing from having too much time playing compared when they are still going out to work.

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October 28, 2020, 10:54:33 AM
 #134

During the pandemic, many people took advantage of online gambling as income without having to leave the house and on the other hand the government needed additional fees for handling Covid-19, which until now has not been completely resolved.
In my opinion there is no problem in this way and there are additional costs for handling Covid-19, and it must be resolved immediately in any way for the safety of the community and I agree.

I think the suggested way to get the additional income that can be used to pay for Covid-19 is not the only reason for the government to regulate online gambling. Another motive is to suppress the growth of gambling addiction caused by the increasing number of gamblers due to the pandemic situation.

Some people who have lost their wages due to corona will see gambling as an opportunity to earn instant money. If this situation cannot be controlled by the government, then the number of unemployed and problem gamblers will increase rapidly.

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October 28, 2020, 11:25:14 AM
 #135

During the pandemic, many people took advantage of online gambling as income without having to leave the house and on the other hand the government needed additional fees for handling Covid-19, which until now has not been completely resolved.
In my opinion there is no problem in this way and there are additional costs for handling Covid-19, and it must be resolved immediately in any way for the safety of the community and I agree.

Its because online gambling were the only available site for gambling since the pandemic crises rises. We havo no choice but to dealt with online application to be able to prevent us from virus infection. Even so paying bitcoin or even gambling uses for some needs because of this pandemic was not also impossible. But it was possibly be happen to the countries where bitcoin or digital currency were implemented legally.

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October 28, 2020, 01:28:35 PM
 #136

During the pandemic, many people took advantage of online gambling as income without having to leave the house and on the other hand the government needed additional fees for handling Covid-19, which until now has not been completely resolved.
In my opinion there is no problem in this way and there are additional costs for handling Covid-19, and it must be resolved immediately in any way for the safety of the community and I agree.

Its because online gambling were the only available site for gambling since the pandemic crises rises. We havo no choice but to dealt with online application to be able to prevent us from virus infection. Even so paying bitcoin or even gambling uses for some needs because of this pandemic was not also impossible. But it was possibly be happen to the countries where bitcoin or digital currency were implemented legally.

Many tried their luck but not all receive a profit since majority lose due to over expecting about they can make it as an alternative to get a profit or possible a passive income for living. But actually we have so many choice if we really want to earn during pandemic, but there are people who choose to go on wrong ways that's why instead they earn they lose more than they expect.

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October 28, 2020, 02:16:28 PM
 #137

During the time of pandemic the population of online gambler was much because many people loss their job during the pandemic while some find it difficult to feed their family. Even the online gambling was no longer favouring gambler as usual because of the population.
Many players are returning back to their team why some are still isolation center receiving treatment of covid-19 which the government has provided for every affected of corona virus to be treated free. Most of the players who has recovered from covid-19 will the their team proud of them today because they are the Pilar of team.since they have been isolated it hard their team to win five match they have play.

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October 28, 2020, 03:13:22 PM
 #138

During the time of pandemic the population of online gambler was much because many people loss their job during the pandemic while some find it difficult to feed their family. Even the online gambling was no longer favouring gambler as usual because of the population.
Many players are returning back to their team why some are still isolation center receiving treatment of covid-19 which the government has provided for every affected of corona virus to be treated free. Most of the players who has recovered from covid-19 will the their team proud of them today because they are the Pilar of team.since they have been isolated it hard their team to win five match they have play.
Many company stop working for many people and they lost job, so not have choose looking for money and try gambling site for their income, how ever if have any site of gambling wanna donate their money to help covid 19 why not, I thin government will be applause and accept the money from gambling site, they don't care where are the money come from and keep needed much money how to fight with covid 19 and bring normal condition back. Need billion USD how to help many hospital and medical to get stock for covid 19 victim and help them to be healthy back.

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October 28, 2020, 03:22:17 PM
 #139

During the pandemic, many people took advantage of online gambling as income without having to leave the house and on the other hand the government needed additional fees for handling Covid-19, which until now has not been completely resolved.
In my opinion there is no problem in this way and there are additional costs for handling Covid-19, and it must be resolved immediately in any way for the safety of the community and I agree.

Its because online gambling were the only available site for gambling since the pandemic crises rises. We havo no choice but to dealt with online application to be able to prevent us from virus infection. Even so paying bitcoin or even gambling uses for some needs because of this pandemic was not also impossible. But it was possibly be happen to the countries where bitcoin or digital currency were implemented legally.

Yes, during this pandemic gamblers don't have any other option, they needed to comply using this platform in order to do their gambling activities.

Government seen that this line of business still continuing and surviving even the pandemic is really hurting the economy of every countries.

Now, if they implement additional tax for this business it will stay and continue to facilitate
as they can take it from every gamblers pocket knowing that most of the time house always win.

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October 28, 2020, 07:49:56 PM
 #140

For gamblers, this is totally uncalled for but then one can't really blame the government. They've been hit hard by the pandemic having to set up isolation centers patients of the virus and relief centers for other citizens and one should note that it is also at this time that several offline businesses had to close down which means the government wasn't really get money from them in form of taxes and then a new source had to be looked for. Placing those regulations on online gambling is actually a way to rake in revenues for the government.
However, coming from the point of view of a gambler, it's totally uncalled for and should be scraped. It means I'll have to be charged unnecessarily, I'll probably have to pay higher withdrawal fee and this is not good for me.

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