Offshore Gambling – Is Offshore Gambling Really Worth 100's of Billions A Year!

Ok I am back with another intriguing discussion on offshore gambling and it's particulars. In this article I want to talk more about how huge this industry has grown as well how offshore gambling companies bypass the standard laws for various countries.

One of the best things I can think of about operating an offshore gambling casino if you have an Internet connection for instance you are in business as where you are in the world does not matter then. To make things more confusing for countries to penalize a company because of tax laws, online casinos gather bits and pieces from many different locations around the world. This business strategy has proved to be very successful as for example if an offshore gambling casino decided to obtain a license from one country, then host the website of his online casino on another server in another country and then advertise for customers to another country. This method, which is completely legal in all regards, just shows how ridiculous it would be for a government to try and control all offshore gambling events.

To give you an idea how big this industry has come, no one knows for sure but the total worth estimate is around the three hundred billion mark and growing. This is a huge figure considering that only in 2000, the figure was closer to one hundred million mark.

And because more and more people are playing online casinos each year, offshore gambling companies are ever expanding their empires further looking into gray areas of that particulars countries tax laws. Just recently the US government had installed a ban for all online casino gambling websites to advertise on the Internet, on television and in books or magazines. This new strategy employed by the government did put a damper on things for a few months but offshore gambling centers countered by displaying the educational benefits of playing with pretend money with that specific casino altogether leaving jurisdiction in the offshore gambling players hands to find the real play money site within.

Well with that in mind the cautious online player still has to be on the look out for shady offshore gambling outfits. How does one do that? To start we can thank the many websites that their sole purpose in life is to seek, locate and post on their sites the blacklisted casinos for various reasons but mainly for not paying customer winsnings or not legit at all. As I have mentioned before I can not stress enough to take some time first and look into the casino of choice and make sure you are dealing with a reputable offshore gambling casino only.

To be continued ....

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Source by Orlando Smith