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-   -   How do you register a offshore gambling biz? (https://gfy.com/showthread.php?t=996296)

iguess 11-06-2010 06:12 AM

How do you register a offshore gambling biz?
 
Someone said even selling raffle tickets on or offline if its not for a benefit or non-profit is gambling?

Klen 11-06-2010 06:12 AM

Are you from usa?

SallyRand 11-06-2010 07:07 AM

Quote:

Originally Posted by iguess (Post 17677224)
Someone said even selling raffle tickets on or offline if its not for a benefit or non-profit is gambling?

Yep, sure is except in certain states. Any kind of offshore gaming license will cost you at least $50K, plus the software; maybe $100K if you are lucky, plus all kinds of wild hosting and if you are resident or citizen of the USA, regardless of where you actually live, you will be prosecuted like crazy. Nice idea but forget it!

Tantrixxx 11-06-2010 07:29 AM

There's loop holes to make it appear like it's not gambling.. talk to a lawyer.

iguess 11-06-2010 01:29 PM

like what type of lawyer tantrixx?

fallenmuffin 11-06-2010 01:31 PM

Wherever you are a legal resident are the laws you need to follow. Gambling laws tend to change by state from what I've noticed. i.e. in Florida it says any bets placed by wire is illegal.

Brent 3dSexCash 11-06-2010 01:44 PM

Quote:

Originally Posted by SallyRand (Post 17677306)
Yep, sure is except in certain states. Any kind of offshore gaming license will cost you at least $50K, plus the software; maybe $100K if you are lucky, plus all kinds of wild hosting and if you are resident or citizen of the USA, regardless of where you actually live, you will be prosecuted like crazy. Nice idea but forget it!

It is an incredibly expensive undertaking but can be done. Look at Full Tilt Poker. It is so obvious that Howard Lederer, Phil Ivey and others make a ton of cash and own the company.

They have just decided to take a risk because of the massive profits involved and so far have not been prosecuted. Many others have not been so lucky.

mafia_man 11-06-2010 02:36 PM

Costa Rica is the cheapest if you need to go offshore.

Machete_ 11-06-2010 03:11 PM

Quote:

Originally Posted by iguess (Post 17678081)
like what type of lawyer tantrixx?

personal injury lawyer

SallyRand 11-06-2010 03:16 PM

Quote:

Originally Posted by Machete_ (Post 17678282)
personal injury lawyer

You could well be right on that one! Big Boys don't like little boys playing with their toys!

HBKKH 11-06-2010 03:18 PM

you could go the white label route. But you will have to give up around %30 + extra on the processing fees to the operator.

If you are looking stand alone operation you are looking at around 300k for start up.

CR is the best for attaining a license but be careful which company you choose. You will have to deal in incompetence and delay after delay.

Domain Diva 11-06-2010 05:18 PM

Quote:

Originally Posted by mafia_man (Post 17678217)
Costa Rica is the cheapest if you need to go offshore.

Most of the big offshore ones are based in Canada.

Barry-xlovecam 11-06-2010 05:33 PM

If you are a US person or person on US soil ? operating as an offshore corporation offers no protection to your person against US laws.

SallyRand 11-06-2010 06:04 PM

Quote:

Originally Posted by Barry-xlovecam (Post 17678483)
If you are a US person or person on US soil ? operating as an offshore corporation offers no protection to your person against US laws.

100% correct. Even marketing for offshore casinos may be dangerous.

mafia_man 11-07-2010 10:45 AM

Quote:

Originally Posted by Domain Diva (Post 17678448)
Most of the big offshore ones are based in Canada.

Like I said cheapest.

seeandsee 11-07-2010 10:51 AM

better get in sponshorship with some poker house :)

iguess 11-09-2010 10:52 PM

not a casino.. its selling raffle tickets online..

DBS.US 11-09-2010 10:59 PM

Keep walking,,,:2 cents:


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