Offshore Gambling

Offshore gaming has become popular because of the tremendous opportunities that are made available to players and gaming houses alike. The of offshore gaming can be followed back to the 1990’s when a Caribbean island called Antigua (Barbuda) made online gaming bokkhaodang legal. This resulted in a flood of players especially from the US where the government tried in vain to make online gaming illegal. This decision was taken to control the problems caused due to gaming. On Nov 10 2004, the WTO (World Trade Organization) led in favor of the Antigua government. The accusation was that the Caribbean government was transferring the gaming business to the US. However, the WTO led that the government acted against GATS (General Agreement in Trade and Services).

Offshore gaming is only possible because of the Internet, which provides unheard of opportunities for players. Online gaming is a very lucrative business since it can be handled even if the laws of a country do not permit it.

Other recent developments such as capsule Pcs and mobile phones have acted as catalysts to advertise offshore gaming. The main reason behind this is that people can gamble from anywhere in contrast to land based gaming. Conventional gaming forces players to be present at a particular site. In offshore or on-line gaming, the gambler can play from anywhere around the world.

The licensing procedures have made the matter even more confusing since a company can get a permission collected from one of country, locate the server in another, and cater to the needs of customers from yet another country. Thus, the selection of legal issues and regulations make it impossible for governments around the world to curb or regulate offshore gaming activities.

Today the offshore gaming market is worth a whooping three billion dollars out of which only twenty billion is legal.

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