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>>rather than leave the regulation to questionable jurisdictions in island nations I have never heard of. You never heard about a place but they are a question

by chegra 15y ago

>>rather than leave the regulation to questionable jurisdictions in island nations I have never heard of. You never heard about a place but they are a questionable jurisdiction? "Antigua is a recognised centre for online gambling companies. Antigua was one of the very first nations to legalise, licence and regulate online gaming."[1] "Stable Jurisdiction: Antigua and Barbuda is an independent nation state with a stable Westminster-style democratic government. General elections are constitutionally due every five (5) years. Antigua is a member of the Organization of Eastern Caribbean States (OECS), and is one of the fastest growing economies in that region. The currency is the Eastern Caribbean dollar, which is pegged to the US dollar at a rate of EC$2.7 to the dollar."[2] When I was growing up[I'm an Antiguan], Antigua had the most ip per users in the world. Even right now they are working to keep their infrastructure top notch. Investors don't invest in countries that are unstable[insert something about PESTLE here[3]]. The fact that it's a internet gambling hub testify to its stability for economic venture. The people in power are pretty cognizant of the fact that they need to appear stable and have a transparent democracy. [1]http://en.wikipedia.org/wiki/Antigua#Internet_hosting_and_gaming http://en.wikipedia.org/wiki/Antigua#Internet_hosting_and_ga... [2]http://www.investantiguabarbuda.org/abia/offshore/financial_services.aspx http://www.investantiguabarbuda.org/abia/offshore/financial_... [3]http://en.wikipedia.org/wiki/PEST_analysis http://en.wikipedia.org/wiki/PEST_analysis

TheCowboy 15y ago
Antigua-based Absolute Poker, which also bought and now owns Ultimate Bet, has been plagued with scandal after scandal with no oversight or intervention by the government. They also happened to be spending the cash of players, rather than carrying enough cash on hand to cover all obligations to players AND maintaining a firewall that keeps their deposits from being considered part of the corporation. Many professional players I know are out of significant sums of money. As a player myself, I don't consider Antigua-hosted gaming corporations trustworthy.
- chegra 15y ago
  Was anything filed with the Police?
  - TheCowboy 15y ago
    Police? Police don't handle these matters. And the reason these companies locate in Antigua and other places is due to lax laws and enforcement. By Antigua's standards, they have done no wrong. If there is no law on the books that protects players, then they broke no law. If they choose to limit withdrawals to $1 per week, what law are they breaking? There will be no justice here. The best one can hope for is that they somehow survive long enough to get back on secure financial footing. There are other examples from other small island countries. Look at Microgaming and companies that ran 'skin' sites on their network. Years have gone by and there has been zero progress, and what information is available is sparse and contradictory. I was affected by one of these sites, and you think that calling the Malta police on Eurolinx will accomplish anything? The money is gone having disappeared into the pockets of the owners, and the owners are gone. Any investors, creditors, or customers will see no money. And in some cases, any money that exists will go to creditors before the players.
    - chegra 15y ago
      Give the ppl below a call. And have a read of the financial regulations: http://www.antiguagaming.gov.ag/files/Antigua_and_Barbuda_Gaming_Regulations-Final.pdf http://www.antiguagaming.gov.ag/files/Antigua_and_Barbuda_Ga... ________________ Financial Services Regulatory Commission Division of Gaming 2nd Floor - West Wing First Caribbean Financial Centre Old Parham Road P.O. Box 588 St John's Antigua and Barbuda West Indies Tel: (268) 481 3300 Fax: (268) 481 3305 Email: Director: director@antiguagaming.gov.ag General Information: info@antiguagaming.gov.ag

by chegra 15y ago

TheCowboy 15y ago

Antigua-based Absolute Poker, which also bought and now owns Ultimate Bet, has been plagued with scandal after scandal with no oversight or intervention by the government. They also happened to be spending the cash of players, rather than carrying enough cash on hand to cover all obligations to players AND maintaining a firewall that keeps their deposits from being considered part of the corporation. Many professional players I know are out of significant sums of money. As a player myself, I don't consider Antigua-hosted gaming corporations trustworthy.

chegra 15y ago
Was anything filed with the Police?
- TheCowboy 15y ago
  Police? Police don't handle these matters. And the reason these companies locate in Antigua and other places is due to lax laws and enforcement. By Antigua's standards, they have done no wrong. If there is no law on the books that protects players, then they broke no law. If they choose to limit withdrawals to $1 per week, what law are they breaking? There will be no justice here. The best one can hope for is that they somehow survive long enough to get back on secure financial footing. There are other examples from other small island countries. Look at Microgaming and companies that ran 'skin' sites on their network. Years have gone by and there has been zero progress, and what information is available is sparse and contradictory. I was affected by one of these sites, and you think that calling the Malta police on Eurolinx will accomplish anything? The money is gone having disappeared into the pockets of the owners, and the owners are gone. Any investors, creditors, or customers will see no money. And in some cases, any money that exists will go to creditors before the players.
  - chegra 15y ago
    Give the ppl below a call. And have a read of the financial regulations: http://www.antiguagaming.gov.ag/files/Antigua_and_Barbuda_Gaming_Regulations-Final.pdf http://www.antiguagaming.gov.ag/files/Antigua_and_Barbuda_Ga... ________________ Financial Services Regulatory Commission Division of Gaming 2nd Floor - West Wing First Caribbean Financial Centre Old Parham Road P.O. Box 588 St John's Antigua and Barbuda West Indies Tel: (268) 481 3300 Fax: (268) 481 3305 Email: Director: director@antiguagaming.gov.ag General Information: info@antiguagaming.gov.ag