To: GT who wrote (1307 ) 9/1/1998 8:47:00 PM From: Mr. Miller Read Replies (1) | Respond to of 6545
Here is some more great information plucked from the following site:netbet.org This is all the new research I have to offer for now. It is these and many sites that I find that lend credibility to the potential of online gaming. It is already generating nearly $200 million in revenues, not wagers, revenues, which is small I concede, but it grew from about $50 million the year before that. There are going to be stumbling blocks along the way, but loads of opportunity as well. Casinos are still not welcome here in the States, yet casino stocks were the place to be, much like internet stocks are now, in the beginning of the 90s. If we can make them useful such as raising revenues for charities or social programs like the Liechtenstein Lotto does, they can be a good thing. WINR will be the catalyst for governments to see gambling on the net be beneficial in this way. From a stock point of view, WINR stands to gain from even the smallest of leaps in growth since they get to keep such a large % of the monies made. Enjoy the reading:Where Are They Located? All Internet casinos are located outside the U.S. They are generally licensed in the country they are in and have to report to the local government to some extent. Antigua, Curacao, St. Kitts, Grenada, Dominican Republican, Gibraltar, Cook Islands are just a few countries that license them. Having said this, though, most of the companies that run casinos offshore are actually operated from the US - it is just their servers that are located offshore. The reason these small countries allow Online Gambling operators to set up is because it can help boost their economy. Companies pay anything up to $100,000 to gain a gaming license in these countries, as well as paying ongoing taxes to the local Government.