Government Owned Online Casinos What Do You Think Of Its Potential

[fortunecrypto]

The Covid is still here and we are still in a pandemic, I have a topic where Macau is struggling to keep their casinos open despite the spike in their country

Macau's Casino Operation Continues Despite The Latest Outbreak

What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned.

Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant

[Oshosondy]

There would be another better reason than the revenue the government are receiving from the casinos that they were not closed down, even if it is the tax that the government rely on and did not close down casino for some period of time, it is not just one casino that were left opened, there are many casinos in Macau

Why would government own a casino, all casinos that I have known are all owned by a single person or through partnership, no government would think of having a casino when the private ones and non government owned ones are a good source of income for the governments.

The government should only look for ways that their citizens will not get addicted to gambling, gambling is only fun and entertaining to people that are not addicted.

[joeperry]

Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant

This is actually their advantage, the government has a lot of resources and they can be trusted by the players I think it would help their economy with this however I am just curious will they going to tax the players as well when they win? If yes, I really think they would create hell of a money since the gambling casinos are already earning and at the same time taxing the people who are winning and at the same time taxing other gambling sites licensed by them. I am just unsure what will happened to other business (owned by businessmen).

[Zilon]

They should resolve in creating new source of revenue other than crippling their citizens with revenues gotten from this casinos. Because this could lead to high gambling addiction and misplaced priority since they are government owned they will want to legalize gambling not for the sake of their citizens interest but for the sake of generating more revenues and making their citizens depend on betting for survival

[aioc]

Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant

This is actually their advantage, the government has a lot of resources and they can be trusted by the players I think it would help their economy with this however I am just curious will they going to tax the players as well when they win? If yes, I really think they would create hell of a money since the gambling casinos are already earning and at the same time taxing the people who are winning and at the same time taxing other gambling sites licensed by them. I am just unsure what will happened to other business (owned by businessmen).

There's a possibility that they will have the monopoly of casino online business in their jurisdiction, one example is Macau they have a lot of online casinos based in their jurisdiction, and of course, they will have the whole revenues instead of relying on taxes coming from online casinos which is just a fraction of the casino revenues, but I doubt if they are going to get the trust of the gambling community because we all know governments don't want anonymity and they want to taxes people winnings within their jurisdiction, its a complicated thing, and we have to see one scenario where a government is fully run online casinos.

[Kasabus]

I think there's no such country that totally depends on casinos for their revenue.

Casino taxes should not be the biggest, otherwise, people living in such countries who are fans of gambling will struggle.
It's only good if it caters tourists and the citizens will have their job in a casino.

[YOSHIE]

Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant

Of course, the government has external networks, markets, the web and so on, they have the power to do that.

Casinos that are owned by the government or protected by the government, of course the casino has full responsibility for betting participants financially, means: the more people who make bets/visitors, the greater the income, both from the casino or the government.

Talking about the potential, if the government is involved in the casino, maybe I can say it depends, the ability or quality that the casino has as a whole, I mean like this.
The government only guarantees that casinos operating in their area are safe, on condition that they comply with the country's rules, From the casino side, of course it must have good potential, especially visitors, be it ability or quality as well as security, comfort as much as possible, the matter of potential depends on the casino, even though the casino is protected by the government, if more complaints or violations do not guarantee the casino is potential even though it is government owned.

[Jemzx00]

Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant

Surely they'll be able to receive enough support or maybe even more than what they expect them to. I mean, being one of the main countries that support and provide casinos, they surely have a connection to huge organizations and other entities to provide enough support on their transition to an online casino.

It's actually an advantage for them to go online and provide their network with enough support and provide the needs of their clients and gamblers.

[Beparanf]

I doubt theywill do that since they are the one regulating and giving it a license. They are earning a lot passively by just taking tax on casinos without the risk of losing money and thinking about the employee payroll. This will cause too a lot of contreversy since Government is design to serve people using the tax that they get and not by doing business and destroy the life of there citizen.

Although government sometimes have there ownl lottery but they used the proceeds kn charity works while lottery is not addicting compared to casino.

[rhomelmabini]

What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned.

Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant

That will still depends on how they will market it to the masses. The government can and will provide what they can for it to be known and people will even be more positive that it is legal since the government is promoting them. They can venture on other industry if gambling isn't flourishing, they shouldn't let alone focus on one thing.

[ultrloa]

The Covid is still here and we are still in a pandemic, I have a topic where Macau is struggling to keep their casinos open despite the spike in their country

Macau's Casino Operation Continues Despite The Latest Outbreak

What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned.

Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant

This is good because they can control the taxes that will came in to the government treasury for this actions if their citizens will support their planned actions towards creating their own regulated casino.

But the problem is could they able to take the heavy damage it will give to their citizens?  Because we know how bad gambling is especially to those addicted ones and addiction might go rampant if they didn't execute well their actions unto this.

[danherbias07]

I doubt they will receive the same support as a privately owned casino has or gets. Then, the abuse of power is also possible which will make gamblers hesitate to go. Imagine going to a casino with eyes that will always watch you, will dig deep about how you got the amount of money to gamble, and use that as means to add more tax. Scary.
They will say if you have nothing to hide then you should not be afraid, we all have something to hide. 
No, I don't think it will be a success.

[Gianluca95]

Surely it could be a good thing for the government if they launch also his casino online. They could gain a share of online gambling and earn a lot more comparing to today. It is absolutely a great idea. Anyway, they could

also act as other countries like Italy, where bookmaker needs to have an AAMS license in way to operate (online and offline), and for every bet they will pay a tax to government. This is the most succesfull way to work from

the government part 

[robelneo]

I doubt they will receive the same support as a privately owned casino has or gets. Then, the abuse of power is also possible which will make gamblers hesitate to go. Imagine going to a casino with eyes that will always watch you, will dig deep about how you got the amount of money to gamble, and use that as means to add more tax. Scary.
They will say if you have nothing to hide then you should not be afraid, we all have something to hide.  
No, I don't think it will be a success.

That's possible a private company thrives on the support of its customers, compared to a government that will try to sneak into their customer's gambling activity, and will implement laws that they created to check the individual's activity, private gambling company only Terms of service are those on protecting their casino and to some extend their players, while a government are on laws they created to monitor and tax people, so there will be a conflict here, but this is a good discussion to explore.

[fiulpro]

If a casino is government owned then there is no way that they are going to respect your privacy, which also means that you might have to understand the fact that all your winnings might be taxed and accounted for, it's essentially amazing for people who don't mind that but got people who might need a bit more privacy you certainly do need to look for other options as well.
If privacy is not your concern you will find many options out there and some of these games will have reasonable price as well, there are already a lot of government owned schemes for ' lottery ' and stuff, if I do remember there are things which makes you win ' residency ' as well or a ' citizenship ', these work fine doesn't it.

[Reid]

The first thing that came up to me after reading is how to generate more customers even if they know it's a government owned casino or gambling site.
It's interesting when you consider how less people do believe in their government now. What might happen is, it will raise questions from their countrymen on where the profits will go and other stuff. Worse case that I could see is corruption not just in profits but also in knowledge about every individual visiting their establishment.
But this type could work.

The Multi-State Lottery Association (MUSL) is an American non-profit, government-benefit association owned and operated by agreement of its 34 member lotteries. MUSL was created to facilitate the operation of multi-jurisdictional lottery games, most notably Powerball.

https://en.wikipedia.org/wiki/Multi-State_Lottery_Association#:~:text=The%20Multi%2DState%20Lottery%20Association,lottery%20games%2C%20most%20notably%20Powerball.

[Rruchi man]

What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned.

Anything government owned most times to an extent lacks proper management when compared to facilities managed by private individuals. For private individuals, they ensure that the customer experience is top notch so may go an extra mile to satisfy user experience while generating income. But if government owned, their primary objective will be to generate income and may not necessarily care much about user experience, customer reports may not be quickly attended to because there is no public face to save, hence government owned casinos may not be able to attract enough customers and this may result in reduced revenue or fluctuating revenue.

 To ensure that the amount they receive from these casinos are fixed, it is best to play the regulatory role and collect fixed sums as revenue, rather than dabbling in the business itself.

[dothebeats]

Not a good idea. Government-backed casinos, probably has a chance. But government-owned? It will just be plagued with corruption from officials that don't have anything better to do other than rape the public coffers. Also, probably not a lot of people will even bother playing in this casino. Lots of regulations and probably stricter KYC will be imposed on these platforms, and a lot of people will certainly don't see it as something that is positive for a crypto gambling platform that they want to be a part of even if it is owned by the government.

[Gozie51]

Government will not probably do that for some reasons like it will not generate as much as they invest in ROI as they get taxes from the private casinos already. Government is suppose to be a watch dog for the casinos in business and make rules for them and their customers. I understand that some countries legalize it but if government go into it, it means they are also going against Tos having known that it is not free of abuse therefore they would be encouraging addiction and bad habit if they are custodian of rules and regulations for gambling. The role of government in private businesses is that of control and not participation.

[cabron]

Governments only wants to take money from businesses, they don't create casinos since it only serves certain group of people. What governments invest are infrastructures that everyone will benefit.  I doubt they'd be creating online casinos.

If they are, its probably meant to sieze launderers and tax evaders which the law enforcers are part of it.