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Author Topic: Gambling firms helping Government and people during quarantine, literally.  (Read 955 times)
worle1bm
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March 24, 2021, 02:08:45 PM
 #61

The casinos have certain restrictions under which they need to donate towards charity programme of the Government.As mentioned above for obtaining license there are strict code of conduct and certain implications which casinos have to follow.Moreover they got tax rebates if they donate for the noble cause as it is tax deductible in most countries.They are just playing their duties and we also need to appreciate them for helping and providing funds in needy hours to help people in pandemic.

Guidelines for casino operators across UK
Quote
Must pay 15% tax on all profits from UK services.

Need to hold a license from the Gambling Commission and comply with various codes of practice.

 Must comply with advertising standards and codes of practice including the CAP Code and the Gambling Industry Code for Socially Responsible Advertising (Industry Code) administered by the Advertising Standards Authority (the ASA). There is also the Licence conditions and codes of practice for all licensees (LCCP).

So it's just a part of organisations to donate towards charity driven programmes as law abides them do so of the country in which they are providing services.

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March 24, 2021, 02:21:23 PM
 #62

It is not just about the revenue. As a matter of fact, the revenue should be the last consideration. Otherwise, the government better be selling meth and cocaine for a larger income.

The point is that corporations, companies, and businesses of all sizes may do charitable acts. It is their decision, and perhaps part of their wider responsibility to their poor fellowmen. Those are appreciated, of course. They're probably even incentivized for doing so. But those are not reasons for laws to be subjective toward them.
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March 24, 2021, 02:23:24 PM
 #63

The casinos have certain restrictions under which they need to donate towards charity programme of the Government.As mentioned above for obtaining license there are strict code of conduct and certain implications which casinos have to follow.Moreover they got tax rebates if they donate for the noble cause as it is tax deductible in most countries.They are just playing their duties and we also need to appreciate them for helping and providing funds in needy hours to help people in pandemic.

Guidelines for casino operators across UK
Quote
Must pay 15% tax on all profits from UK services.

Need to hold a license from the Gambling Commission and comply with various codes of practice.

 Must comply with advertising standards and codes of practice including the CAP Code and the Gambling Industry Code for Socially Responsible Advertising (Industry Code) administered by the Advertising Standards Authority (the ASA). There is also the Licence conditions and codes of practice for all licensees (LCCP).

So it's just a part of organisations to donate towards charity driven programmes as law abides them do so of the country in which they are providing services.


This is quite interesting because they are actually doing what they have to do for the sake of the license and the various rules that have to be obeyed.  It is very different in countries that prohibit access to gambling, there are no rules that support or allow it so that often naughty people still gamble from overseas online gambling sites and gambling companies do not pay any taxes from their income.  The loss is two times, one community is disadvantaged because they cannot play gambling freely. The two countries do not get anything from gambling companies which have very much money.
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March 24, 2021, 03:03:20 PM
 #64

This kind of help for poor and needy people still needs to be appreciated no matter what the means is. In our country, even small lotteries help lots of people especially those who are asking for medicine and hospital assistance. Some people might say that they're just impressing the government but help still helps and lots of people could benefit from it.
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March 24, 2021, 03:21:55 PM
 #65

The casinos have certain restrictions under which they need to donate towards charity programme of the Government.As mentioned above for obtaining license there are strict code of conduct and certain implications which casinos have to follow.Moreover they got tax rebates if they donate for the noble cause as it is tax deductible in most countries.They are just playing their duties and we also need to appreciate them for helping and providing funds in needy hours to help people in pandemic.

Guidelines for casino operators across UK
Quote
Must pay 15% tax on all profits from UK services.

Need to hold a license from the Gambling Commission and comply with various codes of practice.

 Must comply with advertising standards and codes of practice including the CAP Code and the Gambling Industry Code for Socially Responsible Advertising (Industry Code) administered by the Advertising Standards Authority (the ASA). There is also the Licence conditions and codes of practice for all licensees (LCCP).

So it's just a part of organisations to donate towards charity driven programmes as law abides them do so of the country in which they are providing services.


This is quite interesting because they are actually doing what they have to do for the sake of the license and the various rules that have to be obeyed.  It is very different in countries that prohibit access to gambling, there are no rules that support or allow it so that often naughty people still gamble from overseas online gambling sites and gambling companies do not pay any taxes from their income.  The loss is two times, one community is disadvantaged because they cannot play gambling freely. The two countries do not get anything from gambling companies which have very much money.
That is how the gambling business works, But I'm pretty sure that there are some casinos that are tied to high-ranking authority in the government and bend the law in their favor so they can take advantage of their competitors in their country. Irregularities in the government are somehow common today, But at least they are giving it back to the people.

Those countries that prohibit gambling will just waste the opportunity of giving tax to casinos in their country that most commonly operates in the underground.  It could help their country to recover, especially the countries that are the most damaged by the pandemic to cope up with their casualties.
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March 24, 2021, 04:14:56 PM
 #66

It is not just about the revenue. As a matter of fact, the revenue should be the last consideration. Otherwise, the government better be selling meth and cocaine for a larger income.

The point is that corporations, companies, and businesses of all sizes may do charitable acts. It is their decision, and perhaps part of their wider responsibility to their poor fellowmen. Those are appreciated, of course. They're probably even incentivized for doing so. But those are not reasons for laws to be subjective toward them.
But on the other side those corporations, companies and businesses of all sizes may do charitable acts but with back intentions with these charitable acts. Sometimes, part of their white lies was to promote their businesses or to give their corporation a good image on the people for their marketing strategies too. So they can attract more gamblers or gamers thinking that they can contribute also to the charitable acts that the certain gambling business was made, well it's my opinion only.
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March 24, 2021, 08:03:08 PM
 #67

It is not just about the revenue. As a matter of fact, the revenue should be the last consideration. Otherwise, the government better be selling meth and cocaine for a larger income.

The point is that corporations, companies, and businesses of all sizes may do charitable acts. It is their decision, and perhaps part of their wider responsibility to their poor fellowmen. Those are appreciated, of course. They're probably even incentivized for doing so. But those are not reasons for laws to be subjective toward them.
Is is 100% about the revenue. Why? Even if this decision is -EV it clearly shows how people from these firms want to recompose for their stupid business. Of course you have to put these preferences as costs in the balance sheet.
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March 24, 2021, 08:42:29 PM
 #68

In some countries the National Lottery have to give a specific percentage of the profit to charities as a prerequisite to operate in that country. So the government will only grant them a license to operate, if they give that percentage back to charities.

Governments justify the unethical behavior, because they know any additional funding will grant them extra funding for other government projects. This is one of the reasons why they hunt down "illegal" operators, because they do not pay taxes and they also do not adhere to the requirements to fund charities.  Roll Eyes
As you point out there is definitely an agenda here, not really coming from the goodness of the people running the fund. It may well be a way to disperse off some cash in a way that puts them in a positive light while at the same time helping them claim no tax. It is a careful calculation and sadly not one that comes out as a token of generosity.
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March 24, 2021, 09:00:05 PM
 #69

In some countries the National Lottery have to give a specific percentage of the profit to charities as a prerequisite to operate in that country. So the government will only grant them a license to operate, if they give that percentage back to charities.

Governments justify the unethical behavior, because they know any additional funding will grant them extra funding for other government projects. This is one of the reasons why they hunt down "illegal" operators, because they do not pay taxes and they also do not adhere to the requirements to fund charities.  Roll Eyes
As you point out there is definitely an agenda here, not really coming from the goodness of the people running the fund. It may well be a way to disperse off some cash in a way that puts them in a positive light while at the same time helping them claim no tax. It is a careful calculation and sadly not one that comes out as a token of generosity.
Generosity? I wouldnt really believe on that specially into these kind of business and there would always be an agenda behind those actions which it isnt really that surprising at all.
Helping government and helping the people during quarantine? Lets put that they are really doing it honestly and with pure passion but still they do know that this can
really give out some advantages in the end of the day.

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March 24, 2021, 09:13:48 PM
 #70

We do have this in our country. The one who heads the lottery gives a certain percentage of sales on the tickets, plus the winner would have to pay taxes on their win. A certain percentage of what goes to the government (I believe it's somewhere around 20 - 30%) would then be allotted to the country's charity institution. I believe it's a good thing that they're doing this, although most people right now have reasons to believe that the country's charity channel isn't as functional as it was when first established. Due to corruption that has been unearthed from left to right, even the people believes that the lottery ticket proceeds aren't going to charity anymore but to the pockets of the few, which is just disgusting.
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March 24, 2021, 09:26:35 PM
 #71

In a difficult situation like now where there is still an economic crisis, all parties must help each other, and the state must indeed get assistance.
One of them is from gambling firms that do have a large income, gambling firms can provide assistance in the form of taxes or directly pay some
money to government-owned charities. But in my country, where gambling is indeed prohibited in any form, the government cannot get help from
gambling firms. So it is very fortunate for countries that legalize gambling to get benefits from gambling firms.

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March 25, 2021, 12:40:41 AM
 #72

It is not just about the revenue. As a matter of fact, the revenue should be the last consideration. Otherwise, the government better be selling meth and cocaine for a larger income.

The point is that corporations, companies, and businesses of all sizes may do charitable acts. It is their decision, and perhaps part of their wider responsibility to their poor fellowmen. Those are appreciated, of course. They're probably even incentivized for doing so. But those are not reasons for laws to be subjective toward them.
But on the other side those corporations, companies and businesses of all sizes may do charitable acts but with back intentions with these charitable acts. Sometimes, part of their white lies was to promote their businesses or to give their corporation a good image on the people for their marketing strategies too. So they can attract more gamblers or gamers thinking that they can contribute also to the charitable acts that the certain gambling business was made, well it's my opinion only.

Always. That's always the case. Businesses giving money to charitable institutions, creating foundations, shelling out significant amounts for donations, and so on and so forth are always a part of a much bigger plan. Hardly will a business give out money solely for the sake of helping.

But that's not a lie either. That's just part of their overall business arrangement. That's simply how business works. It's just on our end if we get carried away by these acts of generosity and gamble on their platforms because they are doing charitable deeds.
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March 25, 2021, 06:14:33 AM
 #73

This kind of help for poor and needy people still needs to be appreciated no matter what the means is. In our country, even small lotteries help lots of people especially those who are asking for medicine and hospital assistance. Some people might say that they're just impressing the government but help still helps and lots of people could benefit from it.
Yes, not many casinos will do that because they are still thinking of searching for a profit. But if the casino can think about other people who suffer from this pandemic, they will support them by giving donations to them and provide them with food for some time. People themselves will be grateful to them, and they can live while still need to survive in this pandemic. The government can not work alone, and they need supports from many companies or individuals to get out and solve the problem of this pandemic.

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March 25, 2021, 08:27:52 AM
 #74

The government can not work alone, and they need supports from many companies or individuals to get out and solve the problem of this pandemic.
Thats true, the government cant do this alone. They're also lacking for financial budget to sustain the needs of unfortunate people.

This move of gambling firms are a big help to fight this crisis. In our country there's a certain lottery company giving donations for people who needs financial assistance especially when it comes to health medication. Actually they're doing this for long period already to help the government for the sake of poor people.

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March 25, 2021, 09:13:49 AM
 #75

Quote
The National Lottery Community Fund will invest around £18m ($25m) to the UK Government’s ‘Changing Futures’ programmed.. .


The programme is designed to help adults facing issues like homelessness, drug, and domestic abuse and invites local organisations to partner with disadvantaged individuals.



I wonder how this will sound to them if they are told that  "Gambling" firms are helping them to be better people. Maybe they should be asked how they feel about "gambling" firms supporting them.
Doesn't really sound moral to use money from Gambling or businesses that encourage big risk to fund those that need help.
I think it should simply be seen as Lottery (as it's called) or Betting firms.. and hopefully it is well regulated to prevent irresponsible and very risk bettings.
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March 25, 2021, 11:06:11 PM
 #76

It's their time to shine, they are one of the biggest earners because gambling is a multi-billion dollar industry, by giving help to those who are in need, they are showing to their detractors that they are not really that bad, and they can be a partner to the government to support in providing basic needs to poor people, it's a win-win situation for the government, for the gambling companies and for the people in need.
They'll be getting an incentive to the government that they're showing their help. It's a big thing for them to do that because the government would always be in favor of them if they're about to register or would be asking for an extension, permits won't be a problem to them anymore.

Casinos that would be shown to the public that they're giving aide to the people on this crisis will have a change of view for those people that look bad on them.

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March 25, 2021, 11:39:18 PM
 #77

Apparently A Gambling Firm In the UK related to lotteries is going to help the UK Government for a program which aims to provide support for the people who are suffering from homelessness , have a disability, some problems etc. They are going to team up with the Government and the local bodies to make sure future of such Individuals are good.
This makes sense because many people are jobless and also they are probably feeling bored of being at home for a longer time because of this pandemic. this is more than a year with this kind of situation. Many jobless and also some limitations are still done in order to avoid or minimize the risks of spreading the virus.
Well, playing gambling online may be one of the options to do. And I am curious about how they can survive because of gambling. AFAIK, gamblers especially the new ones may not be always winners. They may be losing and losing again that led somebody to feel stressed again.
However, if it is based on the research and the people are better in income and activities, I am pretty sure that gambling at this tie really gives good impacts and a good alternative to be done during this pandemic.
But, this si different in my country because gambling still becomes an illegal activity.

R


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March 26, 2021, 06:32:08 AM
 #78

Gambling can be a good source of revenue to the government at the pandemic time but we can never assume that it is helping the people because they are jobless but still spending their money from savings to gamble and importantly they are doing it with the intention of making more money not to tackle their boredom.









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Pamadar
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March 26, 2021, 06:46:43 AM
 #79



Apparently A Gambling Firm In the UK related to lotteries is going to help the UK Government for a program which aims to provide support for the people who are suffering from homelessness , have a disability, some problems etc. They are going to team up with the Government and the local bodies to make sure future of such Individuals are good.

They are putting millions of investment in the program , it was incase announced last year but this year they have decide to increase the support to the same.


This is a good gesture on the part of the gambling firm, they want to show to the government that they are not only a profit-driven company but a company that does care for the welfare of those who are in need and they are partners of the government, there are gambling companies that also doing this in our country, they want to erase the bad reputation of gambling companies by giving back to the community.


Half true but there's always a good side for the  business for sure.

I agree that this move will bring good images for the gambling business, especially now that the whole world are suffering from this pandemic, helping the governement to assist those who are in need the most are very kind gesture and it will really build good relationship within the government,business owners and the end users.
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March 26, 2021, 07:34:47 AM
 #80

The government can not work alone, and they need supports from many companies or individuals to get out and solve the problem of this pandemic.
Thats true, the government cant do this alone. They're also lacking for financial budget to sustain the needs of unfortunate people.

This move of gambling firms are a big help to fight this crisis. In our country there's a certain lottery company giving donations for people who needs financial assistance especially when it comes to health medication. Actually they're doing this for long period already to help the government for the sake of poor people.
Suppose there are more supports from the big companies and not just from the casino. In that case, that will help the recovery process in the country because people can get help from them while the government can focus on distributing the vaccine to their people and help more people out there. If they can work together, there will be more people who will survive and pass this situation, and we will not see people will hunger and suffer because of this pandemic.

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