Coronovirus. Casino losses in Norway

[Noahh]

Because of the coronavirus pandemic, many organizations were on the verge of bankruptcy. The gambling industry has also suffered great losses. Recently, the Norwegian state-owned company announced a 58% drop in profitability. This was due to the closure of institutions for quarantine. In the first half of 2020 recorded industry losses by 28 million euros. The total profit of the establishments was 146 million and this is 58% less than last year's results.

What a fun coronovirus. It's good that there is the Internet )) I wonder what the wave will be this winter and what to prepare for.

 

[zacknorton]

hard to cry for a casino. even harder to feel sorry for a business making $146 million in profits that's complaining about profits.

 

[jb_abides]

Unless the State-owned casino uses profits to offset citizen's tax burden for government services, it's not something that should exist, IMO: see 'Moral Hazard'.

All losses from government-run entities are never losses for them, to be saddened by. Instead, be sad for the citizens who will bear the burden for government debt, including your children and ancestors who it will be passed on to, who will live in increased servitude.

In the US, many state lotteries are used to fund education. If efficient, this can be justified... although rarely cost-effective.

Government-sponsored gambling is a form of 'willful' taxation, although it generally preys upon those who don't have available disposable income for that type of entertainment, or who fully appreciate the odds of winning.

As for d'Rona, I hope everyone awakes to the reality we closed the planet into lockdown wreaking economic and social havoc, mandated experiments upon our population which have unknown long tail risks, all for a highly survivable novelty disease, whose lethality was monumentally overblown. Some would say purposely.

You now are much more likely to suffer economic collapse or nuclear fallout than dying from d'Rona. Don't prepare for variants of d'Rona... prepare for Control.

Are Norwegians paying attention to Bjørn Andreas Bull-Hansen? They ought to.

 

[CptFnMarvelous]

I agree the world's response seemed to be overblown. I doubt any conspiracy though. We've had luck in the past with vaccines and (on health authority advice) governments bet on vaccines and imposed measures until the vax was rolled out.

Hindsight suggests that we maybe the lock downs hurt as much as helped given that non-COVID deaths appear to have increased in proportion to the pandemic fatalities at least here.

What strikes me as odd is the news appears to be seriously understanding the global political and financial fallout of this business. Oh... And if we're going to hand over social controls to the medical world, then those folks ought to be elected, lol

 

[Nifty]

Unless the State-owned casino uses profits to offset citizen's tax burden for government services, it's not something that should exist, IMO: see 'Moral Hazard'.

All losses from government-run entities are never losses for them, to be saddened by. Instead, be sad for the citizens who will bear the burden for government debt, including your children and ancestors who it will be passed on to, who will live in increased servitude.

In the US, many state lotteries are used to fund education. If efficient, this can be justified... although rarely cost-effective.

Government-sponsored gambling is a form of 'willful' taxation, although it generally preys upon those who don't have available disposable income for that type of entertainment, or who fully appreciate the odds of winning.

As for d'Rona, I hope everyone awakes to the reality we closed the planet into lockdown wreaking economic and social havoc, mandated experiments upon our population which have unknown long tail risks, all for a highly survivable novelty disease, whose lethality was monumentally overblown. Some would say purposely.

You now are much more likely to suffer economic collapse or nuclear fallout than dying from d'Rona. Don't prepare for variants of d'Rona... prepare for Control.

Are Norwegians paying attention to Bjørn Andreas Bull-Hansen? They ought to.

Bill Gates is trying to explain away his comments made over a year ago. “We didn’t understand that it’s a fairly low fatality rate and that it’s a disease mainly in the elderly, kind of like flu is, although a bit different than that.” - Bill Gates
Has anyone seen the Pfizer guy? What that guy just said???
Disinformation? I'd like to hear from those Fact Checkers??????

https://twitter.com/i/web/status/1579759795225198593

 

[jb_abides]

I agree the world's response seemed to be overblown. I doubt any conspiracy though. We've had luck in the past with vaccines and (on health authority advice) governments bet on vaccines and imposed measures until the vax was rolled out.

Hindsight suggests that we maybe the lock downs hurt as much as helped given that non-COVID deaths appear to have increased in proportion to the pandemic fatalities at least here.

What strikes me as odd is the news appears to be seriously understanding the global political and financial fallout of this business. Oh... And if we're going to hand over social controls to the medical world, then those folks ought to be elected, lol

Luck is for lovemaking, not existential issues.

I am not here to be political, or pick fights, etc. although I would assert the following to help you to reframe your thinking regarding Rollout and Lockdown:

- Seemed overblown? Have you explored the CDC numbers in detail [the footnotes and asterisks], and know the lethality is grossly misrepresented and misreported? Excluding those tied to co-morbidities, actual deaths fall right in line with or below the seasonal flu. Do you wonder where seasonal influenza went all during the pandemic? Pretty quiet, huh? Hmm. Very smart flu, just like the very smart Coof virus which get stopped by small areas plexiglass in circulating HVAC.

- The virus is akin to a strong flu; do we lockdown for flu seasons? Have we ever denied activities in a free society for flu vaccines? Again, this was not an epidemic of a highly pathogenic virus like avian influenza or ebola.

- Majority of the vaccines do not fit the definition of 'vaccine', period. That's euphemistic naming for social engineering sake. mRNA is novel [new] technology that does not act like traditional vaccines: specifically here, it does not inoculate it prompts immune response. mRNA has genetic code embedded. Are you sure they captured the proper part of the 'Rona's genetic code? and just the 'Rona? Are other adjuncts in the encoded mRNA generate a spike protein which may be harmful beyond localization to the 'Rona? Have you considered the migration of the spike protein around the body and its effect on organs, or the lingering presence of the spike protein within the body long-term which may wear and tear like sand in a pair of jeans?

- They were not adequately tested to the standard of historical classifications of 'tested' 'effective' and 'safe', only allowed to 'Warp Speed' through to emergency approval which also absolves liability and any repercussion. That's documented. And yet 'vaccines' were touted as safe and effective, still, with mounting evidence to the contrary. Redefine to your heart's content, but last year 2 consecutive quarters of slowing growth was still a 'Recession'... wait, now???

- Would a populace willingly allow themselves to be administered with an Untested [to the normal definition], Emergency Approved [no recourse for you, Johnny] mechanism hitherto Unused in humans [mRNA inserted with genetic code] which would rightfully be called Novel Untested Experimental Genetic Therapy? I submit if it were explained as what it is, you would see people's risk equation recalculate and witness a massive outcry and refusal. Instead, you are mandated to accept poorly tested experimental genetic therapy or you will be fired, or denied essential services... that's the long and short of it, period.

- These 'vaccines' did not inhibit spread or slow transmission; this was fully known yet misrepresented, as were mask effectiveness, by CDC admission... all now "in hindsight." Hmm. How convenient.

- Hindsight "suggests" damage? No. Now studies absolutely assess damage; however, do we need studies in order to exercise common sense? Again, for a non-lethal, kinda flu-ish disease?

- Why are children, the young, the healthy to take the jab? This virus does almost nothing to them. And again, it does not prevent transmission or even coming down with d'Rona, only [allegedly] helps your immune response attenuate the overall effects. And even that's disputed.

- Media? It should more than strike you odd. You should question the consent being manufactured. And electing public health officials? Our elected officials are supposed to appoint those who are beyond politics, but we know they do the opposite, and our electoral processes suffer from endemic corruption, campaign finance reform and treating 'corporations as people' being just the start of that discussion...

- And of all that's been said, why is the most vital aspect of prevention not discussed? Don't be obese or morbidly so. Eat a healthy diet. Look after your hygiene and wash your hands frequently. Clean things regularly in public spaces. Oh, can't PSA "Don't Be Fat" to death, people will get ruffled? Just wait, they will place you on the EatZeeBugz Diet soon enough.

None of this meant to attack you, merely to provide information.

 

[CptFnMarvelous]

I actually agree with much of what you say. I try to give them the benefit of the doubt though just for piece of mind. I'm still reading letters to my local newspaper from people demanding additional vaccinations and further restrictions. What I don't read about is that inflation is around 20-30%. It does tend to boggle the mind.

 

[jb_abides]

I actually agree with much of what you say. I try to give them the benefit of the doubt though just for piece of mind. I'm still reading letters to my local newspaper from people demanding additional vaccinations and further restrictions. What I don't read about is that inflation is around 20-30%. It does tend to boggle the mind.

Yup, you can't print this much money in a very short timespan, more than ever printed before, and know what will happen.

This, in addition to passing federal spending measures that represent egregious fiscal policy, on top of already burgeoning debt.

To combat, The Fed waited to fight because of the 'transitory' fable, now raising rates furiously. Too late, and then too sudden.

And perhaps they can't really do enough [as Volcker did]; if they go too far (raise rates high enough to squelch now), we won't be able to service interest on the debt therefore default.

It's a another tricky day, another tricky day.

Things will get much worse before they get better, if ever.

Hence, you will own nothing and be happy. 🤑💸🤑

 

[Doc Sausage]

You were duped. You are still being duped. The more you buy it, the more they'll sell it. Stop now and push back. Period. There's simply no more that can said to save you and your family.

 

[Pat Boyack]

Because of the coronavirus pandemic, many organizations were on the verge of bankruptcy. The gambling industry has also suffered great losses. Recently, the Norwegian state-owned company announced a 58% drop in profitability. This was due to the closure of institutions for quarantine. In the first half of 2020 recorded industry losses by 28 million euros. The total profit of the establishments was 146 million and this is 58% less than last year's results.

What a fun coronovirus. It's good that there is the Internet )) I wonder what the wave will be this winter and what to prepare for.

.....and I'm supposed to feel sorry for these motherfuckers?? European please.

 

[Linaberd]

Couldn't Norway come up with protective measures to reduce inflation for the gambling industry. I think that's not the biggest loss. The smartest have gone to work online, many customers have also switched to remote gambling, which doesn't stop them from betting. I started playing bonza spins mobile casino too and I don't regret sitting on quarantine. Now it has been cancelled

 

[Wound_Up]

Because of the coronavirus pandemic, many organizations were on the verge of bankruptcy. The gambling industry has also suffered great losses. Recently, the Norwegian state-owned company announced a 58% drop in profitability. This was due to the closure of institutions for quarantine. In the first half of 2020 recorded industry losses by 28 million euros. The total profit of the establishments was 146 million and this is 58% less than last year's results.

What a fun coronovirus. It's good that there is the Internet )) I wonder what the wave will be this winter and what to prepare for.

We have 4 riverboat casinos here in my city, in Louisiana in the US. So far, 1 has closed. Another was sold, I think. But it didn't close. We've had these riverboats here since the early 90s and they've always been pretty profitable, I assume.

So it was pretty odd to see one close down for good during this crap. They were all closed temporarily for a period of time. First time they've all closed since they opened 30+ yrs ago.

Overall in 2020, the Louisiana Gaming industry lost over $830 million. For 2021, their revenue was down something like 25%. I'll link the article this is all from. It hit us pretty hard here because we've been centered around the gambling industry for a long time now. Thousands upon thousands of people here work for the casinos. In just this city alone. Over 2000 people have lost their jobs at the local casinos since this all started, also. So we've been affected by it a lot here.

For example, my daughter's mother has worked in the casinos for 15+ yrs. When they closed down temporarily, she had to find a job outside the casino industry and ended up working at one of the local hospitals until they opened back up.

Anyway. Here's the link

Shreveport-Bossier City casino employees hit hard by pandemic

More than 2,000 workers have lost their jobs at the gaming venues

www.ksla.com

 

[Wound_Up]

Luck is for lovemaking, not existential issues.

I am not here to be political, or pick fights, etc. although I would assert the following to help you to reframe your thinking regarding Rollout and Lockdown:

- Seemed overblown? Have you explored the CDC numbers in detail [the footnotes and asterisks], and know the lethality is grossly misrepresented and misreported? Excluding those tied to co-morbidities, actual deaths fall right in line with or below the seasonal flu. Do you wonder where seasonal influenza went all during the pandemic? Pretty quiet, huh? Hmm. Very smart flu, just like the very smart Coof virus which get stopped by small areas plexiglass in circulating HVAC.

- The virus is akin to a strong flu; do we lockdown for flu seasons? Have we ever denied activities in a free society for flu vaccines? Again, this was not an epidemic of a highly pathogenic virus like avian influenza or ebola.

- Majority of the vaccines do not fit the definition of 'vaccine', period. That's euphemistic naming for social engineering sake. mRNA is novel [new] technology that does not act like traditional vaccines: specifically here, it does not inoculate it prompts immune response. mRNA has genetic code embedded. Are you sure they captured the proper part of the 'Rona's genetic code? and just the 'Rona? Are other adjuncts in the encoded mRNA generate a spike protein which may be harmful beyond localization to the 'Rona? Have you considered the migration of the spike protein around the body and its effect on organs, or the lingering presence of the spike protein within the body long-term which may wear and tear like sand in a pair of jeans?

- They were not adequately tested to the standard of historical classifications of 'tested' 'effective' and 'safe', only allowed to 'Warp Speed' through to emergency approval which also absolves liability and any repercussion. That's documented. And yet 'vaccines' were touted as safe and effective, still, with mounting evidence to the contrary. Redefine to your heart's content, but last year 2 consecutive quarters of slowing growth was still a 'Recession'... wait, now???

- Would a populace willingly allow themselves to be administered with an Untested [to the normal definition], Emergency Approved [no recourse for you, Johnny] mechanism hitherto Unused in humans [mRNA inserted with genetic code] which would rightfully be called Novel Untested Experimental Genetic Therapy? I submit if it were explained as what it is, you would see people's risk equation recalculate and witness a massive outcry and refusal. Instead, you are mandated to accept poorly tested experimental genetic therapy or you will be fired, or denied essential services... that's the long and short of it, period.

- These 'vaccines' did not inhibit spread or slow transmission; this was fully known yet misrepresented, as were mask effectiveness, by CDC admission... all now "in hindsight." Hmm. How convenient.

- Hindsight "suggests" damage? No. Now studies absolutely assess damage; however, do we need studies in order to exercise common sense? Again, for a non-lethal, kinda flu-ish disease?

- Why are children, the young, the healthy to take the jab? This virus does almost nothing to them. And again, it does not prevent transmission or even coming down with d'Rona, only [allegedly] helps your immune response attenuate the overall effects. And even that's disputed.

- Media? It should more than strike you odd. You should question the consent being manufactured. And electing public health officials? Our elected officials are supposed to appoint those who are beyond politics, but we know they do the opposite, and our electoral processes suffer from endemic corruption, campaign finance reform and treating 'corporations as people' being just the start of that discussion...

- And of all that's been said, why is the most vital aspect of prevention not discussed? Don't be obese or morbidly so. Eat a healthy diet. Look after your hygiene and wash your hands frequently. Clean things regularly in public spaces. Oh, can't PSA "Don't Be Fat" to death, people will get ruffled? Just wait, they will place you on the EatZeeBugz Diet soon enough.

None of this meant to attack you, merely to provide information.

You're grossly misinformed.

 

[jb_abides]

You're grossly misinformed.

How so? Everything stated has been documented, including admission via CDC, and NIH published studies.

 

[gmann]

Hard to get upset over casino losses. Why is this stuff on the LPF to begin with?

 

[Pat Boyack]

Hard to get upset over casino losses. Why is this stuff on the LPF to begin with?

Yes it is.

It's the backstage area. Almost all topics accepted.

 

[jb_abides]

Yes it is.

Not to mention: Government-owned casinos?! WTF Norway.

The ridiculous thing here is citizens go into the casino to gamble their money with the State for "entertainment" purposes, inside a government-run entity that's running at a loss. What are the expenses that outweigh the income?

Not to mention, losses will ultimately be covered by taxpayers across the country, right? So the only losers are the taxpayers citizens, especially those who never step foot in one.

One wonders if there are any big takers who leave the casinos flush with taxpayer's cash, and who they might be...?!

At least in the US, the State's lotteries generally go to funds earmarked for education and the like. In that circumstance, if functions as a 'willful tax' and remains solvent.

BTW, OP came to LPF one day and hasn't been seen since. Maybe he got a job auditing casino losses? Busy man.

 

[gakees]

Not to mention: Government-owned casinos?! WTF Norway.

The ridiculous thing here is citizens go into the casino to gamble their money with the State for "entertainment" purposes, inside a government-run entity that's running at a loss. What are the expenses that outweigh the income?

Not to mention, losses will ultimately be covered by taxpayers across the country, right? So the only losers are the taxpayers citizens, especially those who never step foot in one.

One wonders if there are any big takers who leave the casinos flush with taxpayer's cash, and who they might be...?!

At least in the US, the State's lotteries generally go to funds earmarked for education and the like. In that circumstance, if functions as a 'willful tax' and remains solvent.

BTW, OP came to LPF one day and hasn't been seen since. Maybe he got a job auditing casino losses? Busy man.

This is the very thing I've been wondering about since this thread started.

 

[Weaseldust]

im not sure what to discuss, but i still think gambling is a volentary tax for stupid people

 

[bursty]

In Les than 3 years 1.1 million Americans have DIED from COVID-19 so, personally I believe there must be some 'there there' when it comes to the pandemic particularly since there has been a resergence in infections and deaths.
Only cardiovascular disease and cancer cause more deaths.
If you think COVID is a joke or the flu then I suggest moving to China where they recently had over 200 million new infections in the space of a month.
Maybe seeing that up close will convince you it's a thang?