If I want to start a business in gambling, which country do I choose?

traderethereum

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Quote from: Upgate on September 20, 2019, 02:52:09 PM

Since your country do not have any thing against gambling why not just start you business there and nurture it till it expands and probably cut across countries to.
But still you can look into Asia it becoming a hot cake

Before he can build his gambling casino, he needs to ask with the local authority on how he can do that, so he doesn't have to break any law or get trouble in the future.
He should know what he needs to prepare before he can start his own gambling place.
I think it's not as simple as he can imagine building the real casino in his country because that will be related to the law on his country.
Maybe he needs to visit the Asia country, especially in Hongkong, Macao or another Asia country so he can contact the local person who can help him to build his casino.
But it will be good if he can build the casino on the internet because I think that will cross the border on each country so he can invite many more gamblers to come to his site.
I think that will be less investment money that he should prepare than to build on the offline gambling.

Upgate

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Since your country do not have any thing against gambling why not just start you business there and nurture it till it expands and probably cut across countries to.
But still you can look into Asia it becoming a hot cake

malevolent

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Quote from: Kasabus on September 20, 2019, 05:34:01 AM

I would also recommend Philippines because they have are very open to accepting offshore gambling business with their POGO.
The Philippines needs money to improve their country so as long as an applicant will be able to qualified with the requirements, they can operate without a problem in the Philippines, currently it's the chinese gambling operators who are dominating the POGO, it's good to see other race to start their business as well.

I have search for the rules and regulation, you can check and verify this if it's really coming from PAGCOR who are regulating POGO.
http://www.pagcor.ph/regulatory/pdf/offshore/Offshore-Rules-and-Regulation.pdf

About the requirements, from your link, section 4b.2 and 4e:

KYC would have to be mandatory, to ensure players aren't Filipinos or aren't playing from the Philippines, or aren't under 21, and that players aren't from countries which prohibit its people from gambling online.

Also, tons of fees and taxes too which don't seem to be low to me, seems pricey compared to the Curacao gambling license.

vintages

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If it is an offline setting, there is no restriction in the country you are staying, then it can be a good location to set up your gambling business. However, it's best you register it and get the right license if there is anyone being provided in your country.
But if you intend setting up an online gambling business, which I think will be more profitable than the offline, then it can be run anywhere. Just make sure you also get a licence for it.

Questat

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Quote from: bitcoin31 on September 20, 2019, 06:44:03 AM

Quote from: Kasabus on September 20, 2019, 05:34:01 AM

I would also recommend Philippines because they have are very open to accepting offshore gambling business with their POGO.
The Philippines needs money to improve their country so as long as an applicant will be able to qualified with the requirements, they can operate without a problem in the Philippines, currently it's the chinese gambling operators who are dominating the POGO, it's good to see other race to start their business as well.

I have search for the rules and regulation, you can check and verify this if it's really coming from PAGCOR who are regulating POGO.
http://www.pagcor.ph/regulatory/pdf/offshore/Offshore-Rules-and-Regulation.pdf

But now they have issue about POGO and they have chance to our country to limit the creation or building of gambling but it is only I think and Im not sure with that. But I think my country ia still safe to start business in gambling and the government not talking about banning or anything. But if he started here they need to check the rules first.

Those issues are irrelevant, China is urging the Philippines to stop the POGO which is impossible to happen.
Do you think Philippines would say no to the taxes they are getting from this POGO operation, if I'm the President, I would continue to accept applicants and let this grow. Some related news for people to have an idea on how big the POGO operation in the Philippines.

Online gambling contributes P551 billion to Philippine economy yearly
POGO workers to pay P2-billion withholding taxes monthly

bitcoin31

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Quote from: Kasabus on September 20, 2019, 05:34:01 AM

I would also recommend Philippines because they have are very open to accepting offshore gambling business with their POGO.
The Philippines needs money to improve their country so as long as an applicant will be able to qualified with the requirements, they can operate without a problem in the Philippines, currently it's the chinese gambling operators who are dominating the POGO, it's good to see other race to start their business as well.

I have search for the rules and regulation, you can check and verify this if it's really coming from PAGCOR who are regulating POGO.
http://www.pagcor.ph/regulatory/pdf/offshore/Offshore-Rules-and-Regulation.pdf

But now they have issue about POGO and they have chance to our country to limit the creation or building of gambling but it is only I think and Im not sure with that. But I think my country ia still safe to start business in gambling and the government not talking about banning or anything. But if he started here they need to check the rules first.

Kasabus

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I would also recommend Philippines because they have are very open to accepting offshore gambling business with their POGO.
The Philippines needs money to improve their country so as long as an applicant will be able to qualified with the requirements, they can operate without a problem in the Philippines, currently it's the chinese gambling operators who are dominating the POGO, it's good to see other race to start their business as well.

I have search for the rules and regulation, you can check and verify this if it's really coming from PAGCOR who are regulating POGO.
http://www.pagcor.ph/regulatory/pdf/offshore/Offshore-Rules-and-Regulation.pdf

Bitcoininvestment

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There are countries who are active with online gambling. I searched for best countries and US, Australia, UK, Canada, and Singapore are one of the best countries to start a gambling business. You can try reading the article
https://www.onlinecasinoselite.org/post/top-5-countries-to-play-at-online-casinos

TheCoinGrabber

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Quote from: nydiacaskey01 on September 19, 2019, 04:28:57 PM

Quote from: TheCoinGrabber on September 19, 2019, 03:15:48 PM

You might have to check each country's regulation but IMHO your best bet would be an Asian country like Philippines or Thailand which already have an offshore gambling industry since they already have clear guidelines about online gambling and likely already have provisions for sites that would be registered under their name but maintained from outside.

I am from the Philippines and I haven't seen a website that is registered here in the Philippines and has been granted a license to operate an online casino that accepts cryptocurrency. I don't think the Philippine Government will allow such thing as this will not employ a lot of people unlike POGOs (Philippine Offshore Gaming Operations), they will employ a lot of people, rent space and look for legal services which means revenue to the government. If I we're OP I will go to where most online casino go and get a license.

But didn't they stop giving out new licenses because of all the issues brought by Chinese gamblers plus the criminals preying on them. I also don't think these POGOs really employ natives, the Chinese bring Chinese wherever they go.

Well OP probably have to settle with the usual Western countries, which pioneered these online gambling in the first place. I think one reason he's looking for alternatives is to save a few dollars. I don't really know any country though that allows you to register your gambling site if you're not residing in said country.

shield132

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Quote from: AB de Royse777 on September 14, 2019, 01:42:47 AM

I do not understand this licensing thing.
A crypto based online casino or sportsbook should be free from licensing and all those centralized powers. We already have a community and it can starts from here. I have seen several gambling sites without a real license but established now. As long as you are providing good service and abide by community commonsense then a crypto based gambling site should be fine.

However as DS said, you can talk to some local lawyers or with any law firm online who has good reputation but never listen to user game-protect in here.

Oh no, no one will leave you on your own. Being a crypto based doesn't mean you deserve full freedom, with that logic bitcoin exchanges and atc all of them must be free from centralized powers and be able to run without licenses online, backed by trustworthy from community.
OP I think poor countries will be good idea for you. Usually they are open to cryptocurrencies and investments, you get cheap rentals, cheap workers and in overall they will be cost effective for your business. You need some people who will work for your online casino and since you are looking for country to operate from (or only license?), then it's a good opportunity.

nydiacaskey01

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Quote from: TheCoinGrabber on September 19, 2019, 03:15:48 PM

You might have to check each country's regulation but IMHO your best bet would be an Asian country like Philippines or Thailand which already have an offshore gambling industry since they already have clear guidelines about online gambling and likely already have provisions for sites that would be registered under their name but maintained from outside.

I am from the Philippines and I haven't seen a website that is registered here in the Philippines and has been granted a license to operate an online casino that accepts cryptocurrency. I don't think the Philippine Government will allow such thing as this will not employ a lot of people unlike POGOs (Philippine Offshore Gaming Operations), they will employ a lot of people, rent space and look for legal services which means revenue to the government. If I we're OP I will go to where most online casino go and get a license.

TheCoinGrabber

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You might have to check each country's regulation but IMHO your best bet would be an Asian country like Philippines or Thailand which already have an offshore gambling industry since they already have clear guidelines about online gambling and likely already have provisions for sites that would be registered under their name but maintained from outside.

Naida_BR

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Quote from: rdluffy on September 13, 2019, 08:58:01 PM

Guys, which is the best country, friendly to gambling, that is the best choice?
I live in a country where there's no regulation of online gambling with cryptos, but it's not good to risk

So anyone here have some knowledge about this? Is it hard to start a business without have to go to this country?

It's not a regular casino website as we have nowadays...

If i were you, and I was searching for a country to set up my company I would definitely choose Malta.
Especially, if you plan to make it a crypto company I would totally recommend it to you. Malta is a cryptocurrency paradise right now and they offer low tax rates to start ups.

Question123

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Quote from: Ararbermas on September 18, 2019, 12:27:00 AM

Of course in a country where its safe and no hate about gambling. To assure everything will be fine . So make a search and don't ever start a business if you have no specific information about the country. Must look forward always on some sort of rules wherein related to gambling because it's very risky now to put money everywhere especially through gambling because most of the government regulate different rules which not suitable for all ppl who wants to build business with it.. So be aware.

Op needs to find a country who are friendly to the gambling because if the governmentare against to the gambling that is a big problem because maybe they ban gambling to their country is big chance. He needs to take a risk in creating gambling to the country he choose and know the possible consequences. This needs also a lot of research so gambling of Op will be successful operate.

The Cryptovator

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Quote from: AB de Royse777 on September 14, 2019, 01:42:47 AM

I do not understand this licensing thing.
A crypto based online casino or sportsbook should be free from licensing and all those centralized powers.

To be honest I am also familiar gambling licence when it's going to operate by crypto-currency. Since crypto-currency itself is anonymous and decentralized then why should be there centralized licence. And that licence for what actually. If someone wonder to accept fiat then its appropriate get a license from local government. Because government could prevent accepting fiat or they might make trouble.

However, we are not familiar with your jurisdiction from where are you like to operate your gambling site. As Darkstar said, you should contact a lawyer, so that he could help you about all the legal documents.

hayleewilson

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Quote from: rdluffy on September 13, 2019, 08:58:01 PM

Guys, which is the best country, friendly to gambling, that is the best choice?
I live in a country where there's no regulation of online gambling with cryptos, but it's not good to risk

So anyone here have some knowledge about this? Is it hard to start a business without have to go to this country?

It's not a regular casino website as we have nowadays...

I have a friend who's already started his crypto online gambling business with the help of CoinPoint. Check out their website www.CoinPoint.net. I believe they're among the best in the field of propelling new brands in the crypto gambling sphere.

michellee

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Quote from: Saisher on September 17, 2019, 09:04:28 AM

Quote from: Ewox on September 17, 2019, 03:29:25 AM

In my opinion and based on what I’ve heard and seen on the news, HongKong is one of the most well known country who are into gambling and do have lots of casinos too. But as most say, it would be best to ask someone with higher authority to know what are the pros and cons of operating a gambling business outside your country. But if its just an online gambling business, do some research too and ask around.

If I will pick a country I will go for Hongkong also, they are an open country and it's great to move there because it is one of our premier business hubs, but if you want to start a small gambling site and your government is not restricting you, then you should have no problem in setting up one.

Hongkong could be a good choice as we know that many gamblers come to those places. They can gamble without worry, and we can choose any casino. I think if he chooses to build a gambling site, he needs a license first so there will be no problem for him. Asian country will be a good option if he doesn't want to open the casino in the other country.

imstillthebest

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Quote from: Prettyme on September 17, 2019, 05:16:50 PM

Quote from: ?? on ??

My country before are friendly in gambling but now they have issud and it is very risky for the investors to start business and choose my country which is the Philippines. I believe they have some country who are not risk to put yout money start gambling but make sure the government accept gambling through online even the traditional gambling because government is your no. 1 enemy for this.

And to day they've been preventing casino or any type of gambling g in out country that's why it is not good to put gambling business here in the Philippines. I think you need to put gambling business online since a lot of us here is consuming our time in social media why you put gambling business through social media.

on each country there will always be gambling that will remain legal . its legal if you are agree on the government terms and rules but it will only become illegal if your against them . there are also games that are permanently ilegal and should not be ever presented on a gambling place . setting a gambling business online and can be less hassel but setting a gambling on social medias are i think against thier rules . i have never seen one though but there are only some casino games that are free or dont involve real money .

jakoylantern

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For me, it depends on the gambling business that you want its either crypto gambling or casino. Also, like other business, you need to do your statistical analysis if its good or bad, and there are so many factors to consider if you want a regular casino. I think this link will help with a regular casino.
http://www.bonusrating.com/legalized-casino-gambling/

And if you want to know the countries that legalized online gambling here is the link.

https://www.quora.com/Where-is-online-gambling-legal

Ararbermas

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Of course in a country where its safe and no hate about gambling. To assure everything will be fine . So make a search and don't ever start a business if you have no specific information about the country. Must look forward always on some sort of rules wherein related to gambling because it's very risky now to put money everywhere especially through gambling because most of the government regulate different rules which not suitable for all ppl who wants to build business with it.. So be aware.

Topic: If I want to start a business in gambling, which country do I choose? (Read 689 times)