Nice post 3putt. I agree wholeheartedly. If the government sets up a responsible system of regulation, then I as a consumer am going to favor the Antiguan book over the book from a less regulated jurisdiction (say, Costa Rica, for example), and the increased handle from me and others of similar ilk is going to more than make up for the 3% tax, on winnings only, that the book is paying. Major, I think your suggestion that the overhead to win $1,000,000 could approach $900,000 has to be out of whack. While there are clearly expenses, the internet has to be a relatively cheap forum for running a business, and the book can't, I would presume, be incurring expenses that high (unless they are paying their employees, perhaps shareholders, salaries that are simply way out of balance, but then that wouldn't be real cost of doing business, would it?). Anyway, I think the Antiguan government should be applauded for its efforts. BTW, is there a list of books that are operating out of Antigua? |