[JC]

I an in favor of the new tax. I think it is a fair percentage and good for the industry in the long term.

When I set up WSEX in 1996 I contacted many jurisdictions. I chose Antigua because I felt it was the most highly regulated one.

The fact remains that Antigua doesn't put up with dead beat/scam operations. I am not saying there has never been a dispute with a player that wasn'tsettled to his satisfaction but at least there has always been a place to air your grievances.

You never hear about Antiguan shops closing their doors and running with the post up money. It stems from the combination of quality books that choose to locate in a credible jurisdiction and pay a few extra dollars and the fact that the government doesn't tolerate fly by night operations.

When you meet someone who went to Harvard University and think he sure is a smart guy, it's not because Harvard made him smart. Harvard cranks out a lot of smart people, but mainly because they start with smarter people to begin with.

When you start with no regulations you are going to end up with problems like CR does year after year after year. And who knows which "solid" book will be next to fall. There are rumors going around about books many thought were too big to fail.

When we applied for our license in Antigua they required us to turn in complete background information on any shreholder who held 5% or more of the company. And we couldn't hide behind a holding company which we set up for other reasons. They said we need to know who owns the holding company in that case.