Government Owned Online Casinos What Do You Think Of Its Potential

[Boristhecat]

wrong mate , because gamblers will still gamble no matter who runs the site , either private casinos or government owned and runs casino> those gambler will still find money and time to gamble so why not the government get that advantage?

addiction in gambling is exploring over the world , and as long as government is allowing gambling in their region ? addiction will continues , if you dont wanna deal with addiction then tell those countries to totally banned gambling so in that way maybe gamblers will be lessen.

In fact, it is very important who manages the casino and I think that most gamblers will avoid state-owned casinos and go either to competitors or to the black market altogether (thanks to the Internet and cryptocurrencies make this easy). When you play in a state-owned casino, you most likely need to be immediately ready for KYC, paying taxes on every win and monitoring your financial transactions - what kind of person needs this?

[BitcoinPanther]

wrong mate , because gamblers will still gamble no matter who runs the site , either private casinos or government owned and runs casino> those gambler will still find money and time to gamble so why not the government get that advantage?

addiction in gambling is exploring over the world , and as long as government is allowing gambling in their region ? addiction will continues , if you dont wanna deal with addiction then tell those countries to totally banned gambling so in that way maybe gamblers will be lessen.

In fact, it is very important who manages the casino and I think that most gamblers will avoid state-owned casinos and go either to competitors or to the black market altogether (thanks to the Internet and cryptocurrencies make this easy). When you play in a state-owned casino, you most likely need to be immediately ready for KYC, paying taxes on every win and monitoring your financial transactions - what kind of person needs this?

You are thinking too much!  Only tax evaders will not play at a Casino for tax reasons.  KYC is already implemented by Online fiat Casino and even crypto casino is slowly implementing it.  The only financial transaction the government can track while playing in the casino is the amount bet and amount won by the account.

[erep]

You are thinking too much!  Only tax evaders will not play at a Casino for tax reasons.  KYC is already implemented by Online fiat Casino and even crypto casino is slowly implementing it.  The only financial transaction the government can track while playing in the casino is the amount bet and amount won by the account.

The requirement for KYC is almost enforced for all casino sites for the purpose of verifying all user details to prevent any unwanted things, but government-owned casinos can allow the data of every transaction to be synced with the taxing agency so gamblers have to pay taxes on any winnings subject to withholding taxes, reports gambling losses, and others. I think gamblers are very uncomfortable for casinos involved in taxation.

[Davidvictorson]

People don't trust the government anymore. Isn't that why bitcoin was created in the first place? With everything going on in the world they'd prefer to visit a casino not owned by the government. I think the role of the government here should simply be that of regulating the gambling industry. Just like the Netherlands, Australia and the UK are already doing.

[blockman]

Therefore, the selection of members or officials who handle or manage the gambling site will be very selective because it involves big money that will be used by many gamblers, including income from casinos. To protect the income from casinos, the government will try hard to place clean officers so that the gambling venues can minimize the corruption that usually occurs in government. Besides that, gamblers will feel safe playing in the casino managed by government officials and that place will be a favorite place for gamblers.

It will.
And it lies down to how they'll choose them. It's hard to think about it if you're just a citizen of a country and you have a bias against the current government and administration.
That's why if I'm in a country that's about to do this. I'll just let them do it but it should be on the right process and protocol of what's said in the law.

[michellee]

It will.
And it lies down to how they'll choose them. It's hard to think about it if you're just a citizen of a country and you have a bias against the current government and administration.
That's why if I'm in a country that's about to do this. I'll just let them do it but it should be on the right process and protocol of what's said in the law.

They will be able to choose well because the selection process will be strict to ensure everything goes the way they want. We as citizens may also be able to register to help them but still have to undergo a predetermined procedure. The government will also follow the processes and protocols they have created and will not try to violate them, especially if they have officers who are clean from corruption.

[Wakate]

People don't trust the government anymore. Isn't that why bitcoin was created in the first place? With everything going on in the world they'd prefer to visit a casino not owned by the government. I think the role of the government here should simply be that of regulating the gambling industry. Just like the Netherlands, Australia and the UK are already doing.

I can't even imagine using a government owned casinos to get things done because the government can suddenly freeze your fund and you will have nothing to do about it. The government are not to be trusted because anything can happen anytime. Private owned casino is much better looking at reputation and other criteria. It is very hard to see a government owned casino because if gamblers noticed that, they can decided to limit their use of such site because of sanctions and other possible events.

[arwin100]

People don't trust the government anymore. Isn't that why bitcoin was created in the first place? With everything going on in the world they'd prefer to visit a casino not owned by the government. I think the role of the government here should simply be that of regulating the gambling industry. Just like the Netherlands, Australia and the UK are already doing.

I can't even imagine using a government owned casinos to get things done because the government can suddenly freeze your fund and you will have nothing to do about it. The government are not to be trusted because anything can happen anytime. Private owned casino is much better looking at reputation and other criteria. It is very hard to see a government owned casino because if gamblers noticed that, they can decided to limit their use of such site because of sanctions and other possible events.

This incident will not happen if you come to them clean and didn't do anything which can violate their rule or do fraudulent activities like doing money laundering on their platform. For sure you will not get any problem if you are simple civilian who came with clean hands and just enjoy what they can offer. The only thing we can look forward with government handled casino is we can assure fairness and safety since this is more regulated than other casinos.

[Pamadar]

People don't trust the government anymore. Isn't that why bitcoin was created in the first place? With everything going on in the world they'd prefer to visit a casino not owned by the government. I think the role of the government here should simply be that of regulating the gambling industry. Just like the Netherlands, Australia and the UK are already doing.

I can't even imagine using a government owned casinos to get things done because the government can suddenly freeze your fund and you will have nothing to do about it. The government are not to be trusted because anything can happen anytime. Private owned casino is much better looking at reputation and other criteria. It is very hard to see a government owned casino because if gamblers noticed that, they can decided to limit their use of such site because of sanctions and other possible events.

Good point, if the government's own casino suspected your account doing something suspicious

if they freeze your account, the next thing you will see is a case against you, while with private own casinos when they freeze your
account, there's a chance that you can contest your case.

There's a pro and con always with two side stories in terms of playing with government own gambling platforms..

[Issa56]

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

I dont think it will be a good idea for a country to totally depend on casino for their revenue, but I think it will be better if they have another source which they can use to get their revenue, atleast I believe if they make revenue from that it's going to help the citizens because it will reduce the tax which people in the country will be paying. I believe they are definitely going to be making money from casino.

[skarais]

I dont think it will be a good idea for a country to totally depend on casino for their revenue,

And that will never happen, I guess.

but I think it will be better if they have another source which they can use to get their revenue, atleast I believe if they make revenue from that it's going to help the citizens because it will reduce the tax which people in the country will be paying. I believe they are definitely going to be making money from casino.

So far any state government that has legalized gambling has benefited quite a lot from this industry mainly because of the taxes. Every casino operating in a state jurisdiction will be strictly regulated by the government and they are required to pay taxes every year. Because taxes are one source of income that will help state revenue, the gambling industry is one industry that pays quite a lot of taxes every year. But if the government had its own casino then the state revenue would probably be better but it seems unfair to the people so I'm sure there will be a lot of cons versus pros.

[blockman]

It will.
And it lies down to how they'll choose them. It's hard to think about it if you're just a citizen of a country and you have a bias against the current government and administration.
That's why if I'm in a country that's about to do this. I'll just let them do it but it should be on the right process and protocol of what's said in the law.

They will be able to choose well because the selection process will be strict to ensure everything goes the way they want. We as citizens may also be able to register to help them but still have to undergo a predetermined procedure. The government will also follow the processes and protocols they have created and will not try to violate them, especially if they have officers who are clean from corruption.

We can but on this part, I'll just let them do their own thing and they won't allow anyone from thincitizens to intervene on that decision.
This is an appointment to one that the higher official knows who can do the job better and we will just be observers. And at the same time, a government owned online casino will possibly be hard to be bankrupt because it's supported by the government. And that's why many gamblers would come and go there because of that assurance.

[ultrloa]

It will.
And it lies down to how they'll choose them. It's hard to think about it if you're just a citizen of a country and you have a bias against the current government and administration.
That's why if I'm in a country that's about to do this. I'll just let them do it but it should be on the right process and protocol of what's said in the law.

They will be able to choose well because the selection process will be strict to ensure everything goes the way they want. We as citizens may also be able to register to help them but still have to undergo a predetermined procedure. The government will also follow the processes and protocols they have created and will not try to violate them, especially if they have officers who are clean from corruption.

We can but on this part, I'll just let them do their own thing and they won't allow anyone from thincitizens to intervene on that decision.
This is an appointment to one that the higher official knows who can do the job better and we will just be observers. And at the same time, a government owned online casino will possibly be hard to be bankrupt because it's supported by the government. And that's why many gamblers would come and go there because of that assurance.

Assurance is great option to take and eventhough we will not become anonymous but still if we think deeply we can assure safety here. What disadvantage we can possibly get is the taxation of our winnings if we win big but I think this is fine as long as we will not get head ache upon winning our winning chip to them.

[michellee]

It will.
And it lies down to how they'll choose them. It's hard to think about it if you're just a citizen of a country and you have a bias against the current government and administration.
That's why if I'm in a country that's about to do this. I'll just let them do it but it should be on the right process and protocol of what's said in the law.

They will be able to choose well because the selection process will be strict to ensure everything goes the way they want. We as citizens may also be able to register to help them but still have to undergo a predetermined procedure. The government will also follow the processes and protocols they have created and will not try to violate them, especially if they have officers who are clean from corruption.

We can but on this part, I'll just let them do their own thing and they won't allow anyone from thincitizens to intervene on that decision.
This is an appointment to one that the higher official knows who can do the job better and we will just be observers. And at the same time, a government owned online casino will possibly be hard to be bankrupt because it's supported by the government. And that's why many gamblers would come and go there because of that assurance.

If citizens cannot follow the process of selecting officials or officers who will join the government-owned casino, they can only support government programs. What is important, citizens can also feel the tangible results of the government's work for the welfare of its people.

With the government's support, the casino will probably not go bankrupt because, in terms of income, it will be greater than the others. And that's why the government wants to take advantage of the popularity of casinos.

[uneng]

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

I dont think it will be a good idea for a country to totally depend on casino for their revenue, but I think it will be better if they have another source which they can use to get their revenue, atleast I believe if they make revenue from that it's going to help the citizens because it will reduce the tax which people in the country will be paying. I believe they are definitely going to be making money from casino.

Sometimes it's all they have to offer, due to the limited territory size, so they have to attract money from outside through foreigners and tourists to keep their local economy running. Gambling is the main activity, but the whole touristic sector is benefited from this tradition, employing majority of local citizens at hotels, restaurants, casinos and so on... Without physical gambling I believe the economy would be severely harmed, because many people would lose their jobs, since virtual casinos demand less workers and offer less services compared to the land based casinos which offer meals, drinks, snacks and live shows.

[Finestream]

Even if that happens in some places, I don't think many governments will do it because it would be an unpopular measure.

In Spain, the casinos are not, but the lotteries were wholly owned by the state and about 10 years ago 30% of them were sold to obtain liquidity. So they are still owned (mostly) by the government.

So, as a potential, there is, and it would be a good way to make money for the states, and in some respects better for the player, but as I said before, it would be unpopular.

I can't imagine many people deciding to vote for a politician because he says he's going to create state runned casinos, and I can imagine people deciding not to vote for him because of it.

I cannot imagine a government that instead of becoming a model to the citizens, they instead continue to persuade them to play into gambling just because the government will benefit from its revenues. If this is true for Macau, then the citizens are really in danger to mismanage their finances because they fall into gambling addiction. I've seen a lot of local casinos here but i think they are not government owned, as the owners are those big time citizens who have strong connections with some of the government officials.

[blockman]

We can but on this part, I'll just let them do their own thing and they won't allow anyone from thincitizens to intervene on that decision.
This is an appointment to one that the higher official knows who can do the job better and we will just be observers. And at the same time, a government owned online casino will possibly be hard to be bankrupt because it's supported by the government. And that's why many gamblers would come and go there because of that assurance.

If citizens cannot follow the process of selecting officials or officers who will join the government-owned casino, they can only support government programs. What is important, citizens can also feel the tangible results of the government's work for the welfare of its people.

With the government's support, the casino will probably not go bankrupt because, in terms of income, it will be greater than the others. And that's why the government wants to take advantage of the popularity of casinos.

Most governments don't allow that to happen since the citizens are just plain and the government is the one to do its task.
As a supported business by the government, the high revenue is on them and they should make it easy for the customers to trust them because they're from the govt.

[LUCKMCFLY]

Just imagine the following scenario:

The government of country Z has 30 casinos throughout the country, all 30 casinos are owned by the government, in each casino there are 20 employees, that means that the government has to pay salaries to 600 employees, the government will have to give reforms to 600 employees when those employees retire. And also when every high-ranking official of the political party that governs the country wants to play without spending money and put it in the government account he can do it whenever he wants, who will stop him?

Now if the 30 casinos are in the hands of the people and not the government, it will be 600 fewer people that the government will have to spend on salaries and pensions and there will be no corruption from some high-ranking official of the political party that governs the country to play for free

That is a sound argument but if you look at the calculation assuming that tax is around 20%, it means the government will be losing 80% of the generated income from the casino.  Corruption sprouts anywhere, so we aren't sure that the casino will be declaring the right income.  Thus other losses by the government.  Expenses on these 600 employees are just dust compared to the possible income of the government if they own the casino.  I don't think it is worth giving away the ownership of the casino just to avoid paying the salaries and benefits of these 600 employees.

I think that the best formula is the one that applies in my country, the casinos were prohibited for more than 20 years, then a few years ago the casinos gave the green light again so that they can operate again since the country despite a very strong situation economic level there are entities that do not know what to spend their money on, the government understood that and gave them permission to reopen them, but what the government charges each casino is a very good sum, without going too far, with how corrupt it can be, it would be according to my speculation between 40-50% of the net income of the casinos, and regularly they can be used for money laundering and if you go to the capital of the country at a certain time, you can run into deputies of the national assembly playing.

[fullhdpixel]

People don't trust the government anymore. Isn't that why bitcoin was created in the first place? With everything going on in the world they'd prefer to visit a casino not owned by the government. I think the role of the government here should simply be that of regulating the gambling industry. Just like the Netherlands, Australia and the UK are already doing.

I don't think it's because of the government on why bitcoin is created but it's because of the banks and fiat. Because banks can restrict and hold your money while btc doesn't have any restrictions but there are still people that continue trusting them despite of that problems, I think it's because those people didn't know about bitcoin yet. There are some that heard of it but they are skeptical about it.

On the other hand, there are government owned casinos and there are people that will play on them for the same reason above and also because they think it's more trusted than those who are random casinos which doesn't have any government accreditation.

[Pamadar]

We can but on this part, I'll just let them do their own thing and they won't allow anyone from thincitizens to intervene on that decision.
This is an appointment to one that the higher official knows who can do the job better and we will just be observers. And at the same time, a government owned online casino will possibly be hard to be bankrupt because it's supported by the government. And that's why many gamblers would come and go there because of that assurance.

If citizens cannot follow the process of selecting officials or officers who will join the government-owned casino, they can only support government programs. What is important, citizens can also feel the tangible results of the government's work for the welfare of its people.

With the government's support, the casino will probably not go bankrupt because, in terms of income, it will be greater than the others. And that's why the government wants to take advantage of the popularity of casinos.

Most governments don't allow that to happen since the citizens are just plain and the government is the one to do its task.
As a supported business by the government, the high revenue is on them and they should make it easy for the customers to trust them because they're from the govt.

If they can pick the right personnel to take over the chance of getting decent taxes and incomes from this plan

is really achievable, but if they will just place people who have hidden agendas to corrupt the system and to have power to
put their own money making system.

there's nothing to expect, but an abuse for the citizens of the country. Then again, everything will be good if the person
who will facilitate the business is pro-people / for the benefits of many, and nothing else.