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is gambling a business
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discuss is gambling a business
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    Gamblers too remain more than busy with their business and it's indeed, a business.Even Income Tax Department collects tax on their incomes!!
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    Yes, it is indeed a business and as said by Chinmoy it has tax too..illegal gambling is offence..
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    The funniest thing about Income Tax Department is that it won't look at the color of the money to tax it- be it legal or illegal!!
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    No doubt about it ,Sumit.Gambling is a business. :( :( :(
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    Sometimes I feel business itself is a gambling    !!!

    :) :) :)
    Software Engineers never die...They just go offline.

    http://jokesthegreat.blogspot.com
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    That's true to some extent!A busines becomes a gamble when it run on speculative lines!
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    Business consists of manufacturing, buying, selling, providing service or other connected activities with the object of satisfying consumer needs. Thus manufacturing, trading and providing service are the main business activities.
    Gambling is nothing but a game of chance whereby some lose and others gain. This is not business. However, the providing of facility for gambling in return for remuneration is business. Hence running of casino is business.

    G. K. Ajmani Tax consultant
    http://gkajmani-mystraythoughts.blogspot.com/

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    Business is also very much subject to chance elements - there are controllable and uncontrollable variables! A businessman committing crores of funds to a particular line of business which is fraught with uncertainties - on expectation of certainties in some areas which may turn out to be nothing but gambles!
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    gambling is a business when it is well organized like in casino.
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    I personally feel there is an element of gamble in every business.How does one look at the prospecting carried out by oil companies to find oil?This operation runs into milions of dollars and at the end of it if they fail to find it- millions of dollars gone! On the other hand if they succeed they strike virtual goldmine!Profit is the reward of risk-taking!This risk has an element of gamble!
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