Online Gambling could be used to pay for covid problems

[bitbunnny]

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.

In most European countries gambling is already regulated. As far as I know gambling industry isn't excluded from the financial package that should help economy to recover from the pandemic consequences and to my opinion that is advantage of EU compared to some other countries.

[Janation]

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.

Not all of us though.

Not all of us would benefit from that KYC. For example those people that are using that certain gambling site whose not a citizen of that certain country which that site is regulated. That gambler will recieve no benefits at all, all they can receive is losses and wins they can still recieve in the past. All that changes is that they send their personal information.

[aioc]

In most European countries gambling is already regulated. As far as I know gambling industry isn't excluded from the financial package that should help economy to recover from the pandemic consequences and to my opinion that is advantage of EU compared to some other countries.

Gambling casinos cannot be excluded only the online casinos, because they rely on walk in gamblers and because of the pandemic no players will and can come in, depending on the number of and state of the Covid situation in a country it will take time before they can recover, only online gambling casinos are making profit, this should not be included in the recovery package, in fact some countries are taxing them more.

[k@suy]

In most European countries gambling is already regulated. As far as I know gambling industry isn't excluded from the financial package that should help economy to recover from the pandemic consequences and to my opinion that is advantage of EU compared to some other countries.

Gambling casinos cannot be excluded only the online casinos, because they rely on walk in gamblers and because of the pandemic no players will and can come in, depending on the number of and state of the Covid situation in a country it will take time before they can recover, only online gambling casinos are making profit, this should not be included in the recovery package, in fact some countries are taxing them more.

Here in my country, although there are still a lot of covid 19 cases, the government already lessen their restrictions and opens the economy again to slowly recover what the country and the citizens have lost during the month long community quarantine. Even the casinos here are now open to accept customers that's why the gamblers are now happy because they can play again after a few months of staying inside their houses.

[semobo]

Paying taxes isn't actually a con for a gambler because we are supposed to pay taxes for everything in this world so I don't think regulating online casinos is an unfair decision. At least the government is taking necessary actions to eliminate the face casinos running in their origin but in online gambling, the business owner can choose a place where the tax is really less and establish their origin there so it's a win-win for both sides.

[wxa7115]

The havoc the pandemic caused our various government could be the reason behind this move from country like the UK among others, this is essential as they find it difficult to sustain their revenue generation. For any government to continue with their activities financially, it is imperative for them to look beyond the traditional scope, this might be reason they tends to shift towards online gambling for revenue generation which call for urgent regulation. The benefits we will get from this act will be more positive than negative IMO. Scammers wont be easily found among the online gambling platforms becasue of government regulations which will protect the right of the players.

Personally I do not see it that way, there are laws that are regulatory, those kind of laws are intended to as the name implies to regulate the behaviour of people or businesses and establish the penalties for those that do not comply, however in this particular case the laws will be passed just to get more taxes, which means that they do not care at all about the day to day activities of those online casinos, they only care about the taxes they can get out of them.

This means the laws they plan to pass will have no effect on the number of scammers we see or that get prosecuted for their actions and taking that into consideration I do not see how this will help anyone that likes to gamble online.

[Saisher]

I don't know if it has been shared or not , 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.

 

If a gambling casinos wants to operate legally they have no choice but to accept whatever government imposed on them, if they want more taxes, there is no option for gambling sites but to comply, as long as they can build their reputation on the license that the authorities have granted, they will comply.

There are gamblers who wants to play on a licensed casinos and they can freely promote their platform because they are legal.

[carter34]

Paying taxes isn't actually a con for a gambler because we are supposed to pay taxes for everything in this world so I don't think regulating online casinos is an unfair decision. At least the government is taking necessary actions to eliminate the face casinos running in their origin but in online gambling, the business owner can choose a place where the tax is really less and establish their origin there so it's a win-win for both sides.

I think government coming into it to regulate it will give more confidence and security but I know there are some casinos that won't be regulated and those unregulated casinos won't have much patronage because some gamblers might be scared to play or gamble in such platform of casino.

[semobo]

Paying taxes isn't actually a con for a gambler because we are supposed to pay taxes for everything in this world so I don't think regulating online casinos is an unfair decision. At least the government is taking necessary actions to eliminate the face casinos running in their origin but in online gambling, the business owner can choose a place where the tax is really less and establish their origin there so it's a win-win for both sides.

I think government coming into it to regulate it will give more confidence and security but I know there are some casinos that won't be regulated and those unregulated casinos won't have much patronage because some gamblers might be scared to play or gamble in such platform of casino.

Most gamblers don't have knowledge about the license of a gambling platform which they were used to play normally so it is not going to affect the activity of a player unless government identifies each of the unregulated casinos and blacklist them on their country.

[pawanjain]

Regulation in gambling can turn out to give positive results in three ways.

1. It can reduce the amount of black money being used for gambling.

If gambling is regulated people won't be able to use their black money for gambling since the government will keep track of income source of the money being gambled.
Hence this will reduce the black money usage for gambling. This also has a negative impact that there are many people who use black money for gambling.
So if gambling is regulated then there will be less number of people gambling and this will reduce the profits for gambling site owners.

2. It will yield more tax returns for the government.

I consider this as a good thing because gambling site owners would definitely get good profits from their site.
They shouldn't mind paying some of their profits as tax to the government. Paying taxes help to make our country's economic growth more stronger.

3. It will reduce the amount of scams in the name of gambling.

Regulation in gambling means that the government will be involved in it and the amount of scams in the name of gambling will reduce drastically since the regulatory bodies will be able to keep a track of gambling sites and may be ban those which are unauthorized. This will make the scam sites tough to survive and then they will have to wind up their business.

[ecnalubma]

It is good that online Casinos are regulated by the governments its one way to protect users and at the same time to monitor the flow of money coming in and out of the platform. Expecting regulators to tighten online platforms due to new normal and tax implementation to online businesses is inevitable.

[pinggoki]

This is just probably saying that there will be some extra fees to be simple as that. Because of the online casino will be regulated and will be supported by the local government of yours then probably there will be a tax so that there will be benefits to the government, am I right? Then if that's the case then there will be extra fees for that to support the tax that has been need to pay by the online casinos.
As a player this will be just a burden because there will be an extra fees for playing but on the other side it will be also a good because as of now many people are bored and playing online casinos in order for them to support there boredom and if it regulated by the government meaning this is already legal.

[Yamifoud]

It is good that online Casinos are regulated by the governments its one way to protect users and at the same time to monitor the flow of money coming in and out of the platform. Expecting regulators to tighten online platforms due to new normal and tax implementation to online businesses is inevitable.

That is not a problem as this will help to minimize the spread of scam sites and have to stop. But one thing it puts in my mind if the government will never use their power to ask for huge fees and milking gambling sites for their own benefits. And we're not sure as well if this will not be politically manipulated once they are in control of us. A reason that gives me worries and not totally in favor of regulation unless if there is a third party handled separately, not the government.

[CarnagexD]

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.

Industryies that cash in money this big like gambling are indeed accountable to help the government in crises like this. But we all gotta remember that the government should partake in the helping as well. Take. For example Philippines, where they loaned billions of dollars as COVID-contingency funds and even started taxing online selling, yet they got the highest amount of cases all over SEA because of poor management. I'm not saying that good financial management is all it takes, but it is an integral part in helping a country rise from shambles.

[fishbonez11]

It is good that online Casinos are regulated by the governments its one way to protect users and at the same time to monitor the flow of money coming in and out of the platform. Expecting regulators to tighten online platforms due to new normal and tax implementation to online businesses is inevitable.

Regulations are important to protect the users but they could use this to take advantage on milking money from the online casinos. This would affect not only the casino but the users also since they will charge the expenses to the users. The Government should also offer protection not only to users but also to the casino. It should be a win win situation for all

[yazher]

Paying taxes isn't actually a con for a gambler because we are supposed to pay taxes for everything in this world so I don't think regulating online casinos is an unfair decision. At least the government is taking necessary actions to eliminate the face casinos running in their origin but in online gambling, the business owner can choose a place where the tax is really less and establish their origin there so it's a win-win for both sides.

Yeah! exactly, taxes are supposed to be paid by everyone not only in gambling but the rest of the other industries. It is to distribute the money to the poorest people in their respective countries or to construct any developments to their cities to make everyone convenient for their living. Most of the time if the leaders of those countries are just, they are most likely to make their place environmentally friendly like that of Japan and Saudi Arabia. But if the leaders are crooks, no matter how much taxes they get from their people, you won't see any progress to their country after so many years.

[ShowOff]

Regulations are important to protect the users but they could use this to take advantage on milking money from the online casinos. This would affect not only the casino but the users also since they will charge the expenses to the users. The Government should also offer protection not only to users but also to the casino. It should be a win win situation for all

The government want profit by controlling online casinos to appear safe to users. The growth of online gambling as well as the transition of gambler from physical casinos to online casinos has been monitored by the government to maximize the potential income from gambling for them. Setting it up is a gimmic but in the end is an advantage. It's great that they seem to care about user, but if user have to bear the fees the site charges gambler then I'm sure there is some resistance on the part of gambler. It's like a tax in my opinion.

[Chrystora123]

snip..

I personally have no problem with paying gambling taxes, especially in this "PANDEMIC" period all countries really need money to improve their country's economy.  The positive thing that I see from taxpayers regarding gambling is that gambling sites we are playing are more monitored and player funds are guaranteed safe because it is certain that user funds are protected by the government..

[Fredomago]

snip..

I personally have no problem with paying gambling taxes, especially in this "PANDEMIC" period all countries really need money to improve their country's economy.  The positive thing that I see from taxpayers regarding gambling is that gambling sites we are playing are more monitored and player funds are guaranteed safe because it is certain that user funds are protected by the government..

Following that point, it's indeed will help the government generating additional funds as gambling business are one of those many active venues even in this pandemic crisis.

People who are enjoying this place are not being bothered as they will continue playing whatever additional taxes will be implemented.

And with government monitoring, the business will be more protected as the owners needs to
comply with laws avoiding them to do illegal things as gamblers can turned  against them.

[michellee]

snip..

I personally have no problem with paying gambling taxes, especially in this "PANDEMIC" period all countries really need money to improve their country's economy.  The positive thing that I see from taxpayers regarding gambling is that gambling sites we are playing are more monitored and player funds are guaranteed safe because it is certain that user funds are protected by the government..

If the government can really get the taxes, that will help the country's economy. But if that is related to the online casino, I think that will not easy as we know that the casino can host their site in other countries that don't apply the taxes to their business. It needs more work to find the online casino and makes them follow the regulations from the government. If that regulation is for the casino in their country, it could apply to the casino because it can control the place from abusing the law. It will protect not just the casino, but the user can get protection from the government.