Where Are Online Gambling Casinos Based?
15 April 2008Virtually 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.
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