Offshore online gambling is the most profitable e-commerces in the world.
Every day, 500 million US dollars are wagered worldwide through online casinos. There may appear to be a lot, but don’t be deceived – there aren’t so many in reality. There is always room for one more, if they are capable of being just slightly better than the competition.
Imagine that daily only 1% is managed by you.
If a casino‘s profitability is above 10% – erring on the side of caution – just imagine its daily income and the rate of return on investment.
Offshore online gambling has proven to be an incredibly popular and profitable business model. With the rapid expansion of the industry, several governments around the world have put in place a regulatory framework to facilitate the licensing of online gambling.
However, online gambling (casino, black jack, betting, etc.) is considered a prohibited activity in various countries. In around 35 countries in the world, online gambling is prohibited by law. Thus, the majority of gambling licenses are issued by the governments of “offshore countries”.
In general, obtaining an online gambling license is a complex process that involves meeting a variety of requirements before the relevant authorities approve the granting of that license.
It is common practice for the payment establishments (Skrill, PayPal, Payonner, etc.) which collaborate with offshore companies in possession of a gambling license to freely enable them to block clients’ payments arising from certain territories.
The most ethical and legal structure for the development of such activity consists of:
- The creation of an online gambling company (Casino, betting and lotteries).
- A choice of well-qualified directors.
- The technology platform must be in an offshore country which supports online gambling.
- Choose an appropriate offshore jurisdiction (a jurisdiction where gambling is not prohibited).
