Are offshore casinos going to become a thing of the past?

[trout]

reno is right, the low limit sportsbetting will have little impact on the offshore industry, how is the internet thing any different than phone betting with the vegas sportsbook? not much difference...the major outs will still be offshore as well as the numerous wagering options...

[auspice]

Reno:

Don't you think another problem with Mexico could be the preceived pragmatic reciprocity between the U.S. government and Mexico?
If the U.S. leaned on Mexico demanding certain U.S. citizens be returned to them for bookmaking, they'd be giftwrapped and on the U.S. doorstep the next day.
The Mexican government is so far in debt and so vunerable to U.S. demands they couldn't/wouldn't adequately protect any U.S. bookmaker

Auspice, any USA BM with a brain who went into Mexico to book would have a corporate front and be licensed by the Mexican government. I don't see why booking out of Mexico would be any different than booking out of Costa Rica or the Caribbean.

[Spearmaster]

Aussie - exactly.

Rackman - yes, what I meant was that an Asian would not name the Flamingo or the LV Hilton as a hotel they knew about in Vegas. Besides, Hilton is split into two pieces - US Hilton, and Rest of the World Hilton (which is what you referred to).

Reno - as far as I can tell, there is no way they can extend their reach outside Nevada without possibly contravening the Wire Act. Until such time as the Wire Act is judged to not cover Internet wagering, or the Feds find a way to legalize Net wagering, any law in Nevada will only apply to Nevada residents.

This is another good reason why offshore books and casinos need not worry just yet.

[cjd333]

Major,
I'd say you're jumping the gun here by at least 10 years. Internet gambling via Nevada Casinos will only apply to Nevada residents for now. And you can make the surest bet of all time that it will NEVER become nationwide as long as there's a republican controlled house, senate or white house!

As for "live" gambling via the net, that's a pipe dream right now too. And pipe is the right word there. Bandwith is nowhere near what it needs to be (for mainstream USA) to accomplish this task. 2 years ago they said it was a couple years away. Now they're saying the same. Personally I think it's at least 5 years out. They may be close now but putting it into the masses hands at a marketable price is a WHOLE different ball game. Plus don't forget we have an economy that is tinkering on the verge of recession (less dollars for consumers to spend on "entertainment"???).

And on top of all that, IF AND WHEN internet gambling becomes legal for all U.S. residents, the offshores will still exist, both the casinos and sportsbooks. The reason being is that America's corporate morons have more ability to piss consumers off than anyone else on earth. The offshores will always be able to offer an alternative. And as usual, the best service will win out in the end.

Sure people will feel better about posting up and getting paid by a U.S. company. They'll get their share of business. But I GUARANTEE you they'll find a way to also drive a decent percentage of customers offshore. It's the American way. Not to mention all the non-American customers who will give those offshores business too.

Bottom line is that offshore books, if they run the place right and give decent service, are going NOWHERE! They'll be counting their profits for MANY MANY years to come.

Take care,
CJD333

[Stunner]

Spearmaster,

FYI -
http://www.harrods-casino.com

Stunner

x

[scott]

LV casinos dealing casino games on the net would put a whooping on offshore casinos. LV sportsbooks don't even want the local business let alone opening up to the world.
I can't concieve opening up to the world with $5 totals and $20 sides. They will get out of it gracefully by supporting legislation prohibiting Internet sports betting. Casino games are a different animal in the LV mindset.
Scotty
Scotty

[heath]

<BLOCKQUOTE>quote:[/size]<HR>Originally posted by scott:
LV casinos dealing casino games on the net would put a whooping on offshore casinos. LV sportsbooks don't even want the local business let alone opening up to the world.
I can't concieve opening up to the world with $5 totals and $20 sides. They will get out of it gracefully by supporting legislation prohibiting Internet sports betting. Casino games are a different animal in the LV mindset.
Scotty
Scotty <HR></BLOCKQUOTE>


Well said...

[Spearmaster]

Harrods Casino, by the way, is NOT in Las Vegas.

Thanks, but I know the online operations. If people would go back and read the original post and take it in its proper context there would be no confusion.