Tag Archives: offshore
Online Casinos Canada And Safety Issues
In many parts of the world, online casinos or virtual casinos are quite a rage and Online Casinos Canada is no exception. Most online casinos claim to offer a payback percentage to their customers, which is at par with land-based casinos. However, the question is if this is true. This is a difficult question to answer. Unfortunately, many questions on reliability crop up that are never answered appropriately.
Nevertheless, to make things easier for a newbie, here are answers to some key questions on online casino security and online gambling.
Online security
How Do I Ensure That My Private Information Is Secure With A Casino?
Check out if the site is completely secure. All payment gateways should have 128-bit SSL encryption. All major commercial and financial institutions use this method for security.
Can I Review My Transaction History With The Casino?
You should be able to. All well-known and dependable casinos make available the complete history of your transactions. Even a disagreement, if any, is documented in the records.
Online betting
Should I Determine What The Casino’s Average Payout Is?
This is essential before you decide to play. For example, if the average payout of Online Casinos CA is 96 percent, it computes to an average edge of 4 percent on every bet in favor of the house.
Can You Chat With Other Players Online While Gambling?
Online Casinos Canada does offer multi-player games that allow you to chat while gambling. Most casinos also do, though it is a good idea to check out this aspect with other casinos.
Can Players From America Play Canada Online Casinos?
United States enacted a law in 2006 that bars American Banks and credit card companies from making Internet transactions on gambling in offshore poker and casino websites. Americans must first ensure that Online Casinos Canada permits offshore players.
It is prudent to get all your queries answered before you download that casino software. Online Casinos Canada in all probability has answers to all your questions.
Offshore Online Casinos In Great Britain To Be Licensed Again
It’s been all quite in the UK gambling industry until the FullTilt bombshell exploded. Remember the scandal with the British players being unable to get their money from this poker website? Well, the Department of Culture, Media and Sports is now determined to protect all UK players against the evils of offshore online casinos.
It is really nice that the British government is so much concerned about the safety of its citizens’ hard earned money, but the question is: will British gamblers really benefit from a crackdown on non-UK based online casinos?
Supposedly, according to the new rules, all casino operators hoping to run a gambling business in the UK will have to submit applications to the Gambling Commission and obtain another licence. Although the Treasury is avoiding straightforward announcements, you will hardly find anyone who doesn’t understand the real reasons for this interference. It’s just the first step towards reclaiming taxes that had been lost when many of the UK online casinos went offshore.
Even some industry giants have moved to smaller jurisdictions in order to avoid really high UK taxation. They wanted to be able to effectively compete with offshore online casinos and now it looks like they will have to consider moving back.
In addition, the new licensing scheme may lead to the annulment of the so-called “white list”, which used to put online casino operators licensed in one of the named jurisdictions in a favourable position. With the introduction of the new law they will not be able to operate and/or advertise in the UK, unless they get a licence from the British Gambling Commission. For UK gamblers this may mean that the number of available online casinos will be significantly reduced.
Michael Caselli, one of the worlds leading experts on online gaming and an editor of iGaming Business magazine, said: “The tax rate pretty much relates to how much less value the punter gets. A 10% tax rate is 10% less value for punters.” Indeed, British players will only lose if online casinos will want to compensate for their extra spending on taxes.
At the same time offshore gaming jurisdictions, such as Isle of Man seem to be unworried about the possible licensing changes. They believe they already adhere to high regulatory standards which are comparable to those in Britain and, as Allan Bell MHK, Isle of Man Economic Development Minister, noticed, “the UK Gambling Commission has no wish to duplicate the work that our Gambling Commission does in regulating our operators”.