What are some of the legalities behind hosting an offshore casino?

johhnyUA

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Quote from: Welsh on September 16, 2022, 03:47:23 PM

Don't ask us. It's going to differ depending on where you live, and if your state/country even allows you to operate a business offshore.

I think there will be no problem registering something on the offshore, in any country. In my country a lot of companies registered on Cyprus. The main problem, that a lot of countries will not allow you to run a gambling business, this is where you need to ask your lawyers and read the law.

And also, important question is "Are OP want to run his offshore-registered business on his country residents or not?"
If yes, in 80 % of countries it will be impossible (gambling business)

Fivestar4everMVP

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Quote from: SeeBiscuit on September 16, 2022, 07:39:31 AM

How does one who lives in a gambling restricted country legally get around owning an online casino that features provably fair mechanics? Are there things that most don't know when stepping into the business?

Well, I really don't know much about this or how its done, but I would say that if I live in a country where gambling is not legal, and I wish to start up my own online gambling casino, first thing I would do is to look for a country where gambling is legal and move there, (just like what bitcoin miners in China did when the Chinese government declared bitcoin mining in the country illegal).

There, I would start my online gambling casino, have the business and every other things registered there, and in the future, maybe I decided to move back to my country, I believe I can still manage the business from my country since it is not registered there.

Welsh

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Don't ask us. It's going to differ depending on where you live, and if your state/country even allows you to operate a business offshore. Get in contact with a legal representative who can tell you exactly what you can, and can't do. Otherwise, you're just going to get various different advice here which could potentially leave you in legal trouble.

Considering you want to open a casino in the first place, you probably want to be in contact with a legal representative anyway. Plus, I imagine if you're opening a casino you've got a fairly decent bankroll behind you so the cost of that legal advice should be a drop in the ocean, and would seriously prevent you from getting burned in the future.

molsewid

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Quote from: SeeBiscuit on September 16, 2022, 07:39:31 AM

How does one who lives in a gambling restricted country legally get around owning an online casino that features provably fair mechanics? Are there things that most don't know when stepping into the business?

Thank you, all.

If you have the money to start an online casino but lives in an area where country restricts gambling then host your website to another country? I think this one is possible, in other cases and scenario business owners re-route their private networks IP to some other countries so that it could be accessible and it will no longer have restrictions but again, it is more good if you will follow the rule of your government for you not to have problem in the future.

dunfida

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Quote from: SeeBiscuit on September 16, 2022, 07:39:31 AM

How does one who lives in a gambling restricted country legally get around owning an online casino that features provably fair mechanics? Are there things that most don't know when stepping into the business?

Thank you, all.

If you do pertain yourself as a business owner and knowing that there are some prohibitions or legal issues of such business that you are tending to build then it would be better not to bother yourself on doing so.

If you dont like on getting involved with some legal actions or something related or totally trying to avoid those headaches then its better not to stress yourself out but if you are really that eager then there's way.

Provably fair mechanics or other related things wont be a problem but rather you should mind off first about legality aspect.

lionheart78

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Quote from: Oshosondy on September 16, 2022, 09:07:40 AM

Gambling is not legalized in your country, then why looking for a means to make it possible to establish a gambling site in your country. It is not advisable for you, there are other lucrative businesses you can look into to establish which are legal in the country you are residing.

I believe OP is trying to inquire about the work around of having an online casino despite of his country banning them. It was stated on the title that he is asking about an offshore casino.

Quote from: Oshosondy on September 16, 2022, 09:07:40 AM

Alternatively would be to invest on gambling sites in a country gambling is legal and acceptable. Or you can find out about setting up a crypto based gambling site in a country gambling is legal to get legal licence.

I am not good in this, but just my view and opinion.

Putting in money to create a gambling offshore site, or investing in an existing one would be the way to go IMO. You can also create a casino in a country where it is legal and do all the work there. You may need to go out of the country and live where gambling is legal. Pretty much all of us may have the same idea of bypassing the gambling ban of your country.

madnessteat

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Quote from: ryzaadit on September 16, 2022, 02:07:27 PM

CURACOO is the most answer and solution ~XD.

Even you don't have a real-office, "CURACAO" are still gonna to give a license for every online-casino who are register to them as long paid the money ~XD. That's why, I never look a casino by the license.

I look the casino by the testimony and review from some user.

Yes, as practice shows, getting a license from Curacao is one of the easiest and fastest options for obtaining a license for online casinos.

You are very right that the Curacao license does not give any guarantee to users, most likely if such a casino turns out to be fraudulent, you can not expect that someone will protect your interests.

_act_

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Quote from: uneng on September 16, 2022, 11:02:58 AM

Here in our country gambling is illegal, but online gambling isn't, due to the reason I mentioned above. There is actually a 'gap' on the law that allow that interpretation by regulators. So technically the same interpretation should be valid for a casino business owner.

In some countries, gambling is totally illegal, be it online or offline casinos. You can take note of that in countries like China and Muslim countries.

Quote from: ryzaadit on September 16, 2022, 02:07:27 PM

Even you don't have a real-office, "CURACAO" are still gonna to give a license for every online-casino who are register to them as long paid the money ~XD. That's why, I never look a casino by the license.

I look the casino by the testimony and review from some user.

That is true. But it is good to start from the gambling site license, but that does not mean, once a casino has a good review by people and being popular, that is enough to know that such casino is good enough for someone to register. But as for me, I check all. I check the licence, customers review and also the ToS before I join any casino.

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Quote from: ethereumhunter on September 16, 2022, 11:19:34 AM

What comes to my mind is that the owner must have been in close contact with the regulators dealing with gambling so he could have owned a legal casino without encountering any problems. Or he can set up his online casino outside the jurisdiction of a country that prohibits gambling so that even though he lives in a country that prohibits gambling, he can still operate his online casino because other people assist him. Many reasons could have helped him to have an online casino; we will not know how he got his hands on that online casino. Maybe it's because of money or something else.

money will make things easier. Of course those who own or are founders of online casino sites use partnerships with other trusted people in every country that legalizes casinos. even though the owner is in a country that prohibits everything including gambling and crypto, the online casino site owner can still run his business well. he only needs to make funding to each partner that is incorporated. regarding regulation in each country there may be some close ties so there is some leniency towards online casino regulations. Money can arrange anything without any obstacles.

ryzaadit

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CURACOO is the most answer and solution ~XD.

Even you don't have a real-office, "CURACAO" are still gonna to give a license for every online-casino who are register to them as long paid the money ~XD. That's why, I never look a casino by the license.

I look the casino by the testimony and review from some user.

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Quote from: SeeBiscuit on September 16, 2022, 07:39:31 AM

How does one who lives in a gambling restricted country legally get around owning an online casino that features provably fair mechanics? Are there things that most don't know when stepping into the business?

Thank you, all.

I don't know how's the approach on online terms but in physical business, at least referring to some cases here in our country, owners and operators from countries where gambling is restricted are travelling to other countries where there will be no problem with legality. From there, they will now established their business on that particular country. Another option, they are doing partnership and business to some people on those gambling-friendly countries to operate and manage the business for them and what will they just do is to cover the funding.

But to tell you honestly, it's good to operate a business without thinking of any problems related to legality. Maybe just think of another business.

Adbitco

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The best to do is set up a team members from various countries and those team should be well know individuals maybe your friends back then in school you lay a trust on with to establish a casino site, maybe you could be a co-founder and the head office should be a country where you know it's legalize to operate with, then you must know your country situation I mean (The internet facilities, Light and other physical and biological conditions) which may not affect you from gaining access to the website. Or alternatively you could partner with other well recognized gambling site which may not required you stressing yourself about other than investment and you have your shares from the gambling site.

Lastly you can choose to invest in bitcoin and hold for about 3 to 10 years I believe you would never regret it if bitcoin is not restricted in your country as well.

Gozie51

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Quote from: SeeBiscuit on September 16, 2022, 07:39:31 AM

Are there things that most don't know when stepping into the business?

Things that a business owner should know before starting up his business are really important and they include the kind of business and legality to the business. Most businesses are given licence to operate to show that it has the approval of the government, now with the restriction you have regarding your business in your country, you may not be able to get the license to operate.

The customers to patronize you is also important and if you don't get customers surely you will fail. If your customers decide to use VPN to bypass rules, not all customers will want to keep playing like that and that means you have limited customers.

ethereumhunter

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What comes to my mind is that the owner must have been in close contact with the regulators dealing with gambling so he could have owned a legal casino without encountering any problems. Or he can set up his online casino outside the jurisdiction of a country that prohibits gambling so that even though he lives in a country that prohibits gambling, he can still operate his online casino because other people assist him. Many reasons could have helped him to have an online casino; we will not know how he got his hands on that online casino. Maybe it's because of money or something else.

uneng

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Well, internet isn't part of your territory, so depending your local legislation it may be possible to operate a virtual casino business from your country since it's hosted in another country and accessed virtually.

Here in our country gambling is illegal, but online gambling isn't, due to the reason I mentioned above. There is actually a 'gap' on the law that allow that interpretation by regulators. So technically the same interpretation should be valid for a casino business owner.

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Quote from: SeeBiscuit on September 16, 2022, 07:39:31 AM

How does one who lives in a gambling restricted country legally get around owning an online casino that features provably fair mechanics? Are there things that most don't know when stepping into the business?

Thank you, all.

I would have to agree with the previous posters on this issue. There are a lot of risks and avoiding issues will be very hard, as you would be operating illegally. You would have to offer your services in a shady, secretive way, like through the darkweb or something. And in the end, the probability of you getting caught is extremely high. So there really is no point. You should just look into finding a grey area. For example, what is and is not considered "gambling" and how can you offer gambling-type services while remaining in the legal area?

In my country, for example, skill-based gambling is not really considered gambling and you would have no problem offering such services. Maybe you can find a loophole for your own country? I recommend asking the people of your own country. We have local boards, perhaps you can ask there?

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Quote from: SeeBiscuit on September 16, 2022, 07:39:31 AM

How does one who lives in a gambling restricted country legally get around owning an online casino that features provably fair mechanics? Are there things that most don't know when stepping into the business?

Thank you, all.

Most of the crypto casino get a proxy location on country that has an open law for online gambling such as South America specifically Costa Rica. They do partner on local in there to become a proxy owner of the casino so that they can easily get a license for global operation like Curacao license.

I was involved on this kind of startup casino before and our main boss live on UK, we just have a guy living on Costa Rica to do all the paperworks for the casino. The casino just didn’t continue after the boss experienced huge loss on initial run of the casino. There’s no way a resident of restricted country can own a casino that can operate global without using a proxy owner.

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Quote from: Rruchi man on September 16, 2022, 09:58:57 AM

Quote from: Oshosondy on September 16, 2022, 09:07:40 AM

Gambling is not legalized in your country, then why looking for a means to make it possible to establish a gambling site in your country? It is not advisable for you, there are other lucrative businesses you can look into to establish which are legal in the country you are residing.

Exactly, plus even if you find a way around it maybe via suggestions you get here and able to go ahead with your plan to set up the casino, there's another challenge you stand to face which is getting local users to use the services of your casino because even if you may get users, they will not be as much as when gambling is legalized and there are no strict laws to restricting people from engaging fully. So yes again, it will not be a lucrative business in your current environment.

One legality I am certain of is that of being licensed by a regulatory body, and in a case where it is illegal to host an offshore casino, it is better to avoid the heat that comes from being found wanting by law, but rather relocate to a country where it can be done. There's no dodging the huge amount you will spend in organizing a PR marketing campaign and for other bodies of which more taxes and levies would be paid to, so as to fully function.

Rruchi man

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Quote from: Oshosondy on September 16, 2022, 09:07:40 AM

Gambling is not legalized in your country, then why looking for a means to make it possible to establish a gambling site in your country. It is not advisable for you, there are other lucrative businesses you can look into to establish which are legal in the country you are residing.

Exactly, plus even if you find a way around it maybe via suggestions you get here and able to go ahead with your plan to set up the casino, there's another challenge you stand to face which is getting local users to use the services of your casino, because even if you may get users, they will not be as much as when gambling is legalized and there are no strict laws to restricting people from engaging fully. So yes again, it will not be a lucrative business in your current environment.

Oshosondy

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Gambling is not legalized in your country, then why looking for a means to make it possible to establish a gambling site in your country. It is not advisable for you, there are other lucrative businesses you can look into to establish which are legal in the country you are residing.

Alternatively would be to invest on gambling sites in a country gambling is legal and acceptable. Or you can find out about setting up a crypto based gambling site in a country gambling is legal to get legal licence.

I am not good in this, but just my view and opinion.

SeeBiscuit

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How does one who lives in a gambling restricted country legally get around owning an online casino that features provably fair mechanics? Are there things that most don't know when stepping into the business?

Thank you, all.

Topic: What are some of the legalities behind hosting an offshore casino? (Read 221 times)