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In a desperate attempt to survive the online casino gaming i have read recently that some US players are trying to get off shore accounts and some have succeeded. I don't know how but it is what i am reading. Though the US has not targeted players and have targeted operators and processors don't you think that doing this would be very risky?
I am not so sure it is a good idea because players are going to get slapped with "money laundering" i would speculate.
Do you think it is smart to attempt it?
Getting an offshore account is step one. Even if you do it would depend on how much money they are funneling back and forth via Wire Transfer. The frequency and amount would raise a flag and get you in trouble. I would say it's probably not the brightest idea.
It is questionable as to whether or not U.S. players are embezzling money anyway because of the fact that we are hiding the way our money hits the casinos. I would say that opening an off shore account is not a very good idea unless you lived on the island because you wouldn't have a very good excuse should the feds come calling...
I think you're getting into dangerous territory by setting up an offshore account. And it isn't as easy as people might think. Say you wanted a Neteller or Moneybookers account, then you're going to need ID to verify it and the ID will need a local address on it. Plus you can't login to Neteller or Moneybookers from inside the USA so you would have to use a VPN before connecting to disguise where you are - same for access to a casino if you want to play one that doesn't support U.S. players. There are a lot of links in the chain, and a lot of ways for you to make a mistake and reveal yourself, have your accounts banned and money confiscated. Similar issues exist for offshore bank accounts. Personally I would not take that risk.
One thing you could try... if you have a casino that allows player to player funds transfers (3Dice comes to mind) and you have a friend in another country that you know and trust, then get them to deposit and withdraw for you using their casino account, which they can use to transfer money to and from yours. Then square things up with them outside the gambling network using whatever money transfer service you prefer. I know this point should be obvious but I will say it anyway - only do this with someone you know well and trust - don't do it with random people on the internet!
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I quite agree, it is very risky if one is caught doing that, but if not than what ? US wants gambling to be permitted, it is a fact. Democracy level is highest there, as authorities claim, then why do they ignore people's needs ? moreover, that would be profitable for the country as well...
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I wondered about identification. You can't just approach a financial institution and open an account it. I agree Ed, a trusted friend would be the only way to go.
playborne, I totally agree with you. The industry would be very profitable and I believe that the gov is shutting it down in preparation to legalize gambling and take control of it. I have faith that legalizing gambling in the US is on the horizon.
We all have a hope for that, but Black Friday damaged the industry development a lot, microgaming no longer accepts US players... I don't really have a feeling that it'd be soon when gambling is legalized.
As for the revenues, I've read somewhere recently, that allowing wireless gambling within the borders of licensed US land casinos could generate a further $18.5 million in tax revenues... I am sure I'm not the only one who has read that... So i don't understand why online gambling is still illegal.
I believe I read something to that effect. It was a do to with a proposal to the Nevada Gaming Commission to allow mobile gambling in hotel rooms at Las Vegas casinos. The land casinos would no longer have to tempt players to remain in the casino and not sleep. They can allow us to go to our rooms, chill out and play our favorite games. The device is to be the size of an iPad from what I can tell and provided by cantor Gaming.
Yes I think we 're talking about the same thing, I just do not remember so many details.I wonder was this proposal accepted or not ?
Looks like it was approved and the mobile devices are available. Found this on the Cantor site:
Innovation in Gaming Technology: Mobile Gaming and In-Running
Cantor Gaming is the first company licensed by the Nevada Gaming Commission to manufacture, distribute and operate a mobile gaming system in the state. We provide casinos with a complete mobile gaming solution, including a proprietary wireless gaming system, full back-office infrastructure and a portfolio of casino games.
Our mobile gaming system is currently available at The M Resort Spa Casino and at The Venetian and Palazzo. In 2009, Cantor Gaming was the first company to launch In-Running betting in the state of Nevada, at the new M Resort Casino Spa's state-of-the-art Race and Sports Book. In-Running enables the casino’s guests to bet on live sporting events throughout the event and is now also available at The Venetian and Palazzo.
thanks Usne for the info, I think quite a rational decision ! But it'd be better if they increase the amount of spots where it is allowed go gamble mobile -I doubt the two casinos to generate $18.5 million in tax revenues......
It's a work in progress. One by one they will get these mobile capabilities into the casinos. Then they will rake in the cash.
I hope so, it is obvious that it brings great tax revenues and at the same time people are happy to pay taxes
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