[JC]

It is not the tax that makes the license good for the players, it is the regulation of the operations. The tax is between the books and the government. The press release we are all reading was put out by the Antiguan Offshore Gaming Association which was invited to give it's input regarding the new regs.

But, there is no doubt in my mind that companies with poor financials, and questionable backgrounds shy away from Antigua. This doesn't mean there aren't reputable places elsewhere. It doesn't mean that a bad egg can't slip through in Antigua. However, it is less likely.

Some people won't play offshore at all, some will only play at licensed operations, others will play anywhere. Everyone has their own respective comfort threshold.

I will also add that every book I've observed sees value in being licensed. Not because they all have them but they all SAY they have them in their ads or on their websites whether they do or not.

I am happy that the company I founded operates in a country that takes regulation seriously and wants to be more than a license store. It is better for Antigua to have 10 books averaging 10 million a year each, giving the government 3 million a year in taxes than 40 books paying $75,000 a year each.

As far as the black box goes, that was never passed. It was only being discussed. I thought it was a terrible idea and in the end so did the government. Those were internal discussions and the information was never leaked nobody would have known the idea ever came up.

FiI was very ignorant of how this business worked when I first started. The most shocking revelation to me was how many companies feel comfortable operating off of the customer float. Not just because they got in trouble, the scariest thing is how many places feel comfortable planning their business on that model. But what do I know?