Where Are Online Gambling Casinos Based?
April 15th, 2008
Virtually all websites that offer online gambling originate from outside the United States. These online gambling casino establishments are required to have a license that is issued by the local government of the country that they are in. Some of the countries that host these online casinos are Antigua, Cook Islands, Curacao, Gibraltar, Grenada, the Dominican Republican, and St. Kitts.
Actually, there is a little bit more to it than that. Most of these online gambling casinos are actually run from within the U.S. Due to the current legal uncertainties surrounding their operation however, the computer servers that they use have to be located offshore. For their part, the countries that host these online casinos benefit from the boost that these establishments give to the local economy. Considering that these companies typically pay up to $100,000 for a gaming license in these countries, all those companies combined can add up to a very respectable amount indeed. Furthermore, they also have to pay taxes to the local government.
A downside to this situation is that many online casinos do not accept money from players from within the United States. It seems that would be the case until U.S. laws are amended. In spite of this, up to 90% of the clientele of online gambling establishments are from the U.S.
Online Gambling Bonuses
January 29th, 2008
Claim instant online gambling bonuses at a number of different online casinos. These online gambling casinos are giving away free money with no deposit required. Players can choose to play the online gambling games as a free player or they can accept some of the fantastic gambling bonuses which are being offered for free and a chance to win cash. Try out some of the fantastic gambling games found in selected above casinos.
Free Online Gambling Bonus
September 23rd, 2007
Check out some of the best no deposit gambling bonus offers given by top online casinos. There is quite a few online gambling casinos which are given players free money to try out the casino games. At No Deposit Casinos you will find a large listing of free offers of gambling bonuses. Some of the gambling bonuses include free play bonus, free chips and free spins on the slot machines. This is a excellent way for players to get a chance to play the games, win, without having to use there own funds. Check it out..
Update on the Online Gambling Bill
July 15th, 2007
The USA had 270 days to figure out a plan to stop online gambling transactions to offshore gambling sites. Well this did not happen. They have no plan at all at this time. With WTO ruling against the US for violating the free trades act, there is a lot going on. Several countries are suing the US for billions, for hurting there economy, this includes Antigua, European Union, Canada, just to name a few. In other online gambling news, Mexico has legalized online gambling. Great going Mexico. It will be interesting to see how this all turns out in the next year.
Barney Frank Internet Gambling Bill
April 28th, 2007
For those US online gambling players this is a very important bill. Not only because US citizens may be able to play online again, but because America is the land of the Free and people should be able to spend their own many any way they choose. Since gambling has been socially accepted for decades it is hard to say now you can’t do it just because it is online. And if the government was truly worried about the morals of gambling, then every single Indian casino and lottery outlet should be shut down. All US government cares about is loss of tax revenues off gambling, and they want a piece of the action. Now online gambling establishments welcome the government to regulate the casinos and gambling sites, as long as they can continue operations. I think the problem is ( my personal opinion ) that law makers will make it impossible for offshore corps, to get a license which is clearly against free trade. We will see. Below is a quote of Barney Franks proposal.
Washington, DC – Rep. Barney Frank (D-MA) today introduced H.R. 2046, the Internet Gambling Regulation and Enforcement Act of 2007 that would create an exemption to the ban on online gambling for properly licensed operators, allowing Americans to lawfully bet online.
The Act establishes a federal regulatory and enforcement framework to license companies to accept bets and wagers online from individuals in the U.S., to the extent permitted by individual states, Indian tribes and sport leagues. All such licenses would include protections against underage gambling, compulsive gambling, money laundering and fraud.
“The existing legislation is an inappropriate interference on the personal freedom of Americans and this interference should be undone,” said. Rep. Frank.
In 2006, the House passed the Unlawful Internet Gambling Enforcement Act, restricting the handling of payments by U.S. financial institutions for unlawful forms of Internet gambling. That law prohibits the use of payment instruments by such institutions to handle the processing of any form of Internet gambling that is illegal under U.S. federal or state law.
Traditional forms of legalized gambling already exist in nearly every state. By continuing to prohibit Internet gambling in the U.S., the U.S. has left Americans who choose to gamble online without meaningful consumer protections. The proposed legislation would institute practical and enforceable standards to bring transparency to Internet gambling and provide consumers the protections they expect and deserve.
The Financial Services Committee will hold a hearing entitled, “Can Internet gambling be regulated to protect consumers and the payments system?” at a date to be determined in June, 2007.
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