Casino Talks

Posted by: Steve at May 7, 2000, 12:02 am

Topic: Online Casino Newbie Forum: Winner Online

OK, it my turn now. Although it seems that most in this forum understand the gaming industry, it does seem that you are lacking information about this WALKOUT.

It has server parts to it, and one is the monitoring of data, which wanted to be done NOT for regulation but for profit. The Free Trade Zone has been promising, and the laws of Antigua allows a TAX haven for the casinos. This was one reason Antigua became the main hub for online casinos. Antigua wishes to impose a 2% TAX on the casino based on wagering, and NOT profit, which would kill any casino, and yes I believe this is coming from the US. I don't think Antigua should bow to the US, but you never know.

I personally have looked at other jurisdictions, and believe that Antigua is the most favorable, and this NOT because of lack of regulation, but the enforcement of them. At least Antigua does require some of the same requirements of the Nevada Gambling Commission.

This does insure some fairness in the owners, not necessarily their games. I have seen from some posting here, that I also question some of the claims about casinos RNG. Given the odds of a casino and the amount of money wagered there is no needs to rip people off if they us a true RNG. But again, in some cases, it seems they only fake a RNG.

Well good luck on your online wagering.

Steve

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