Under no circumstances will we use any of your own money with our own funds or place such funds with a third party book, or on drugs or hookers, gambling and or night clubs. UK/Euro Books that are licensed have to abide by this. I would think some strong offshore books could do this also?? THe real safe books abide by this practice and keep player monies seperate.
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Hookers and blow betislands dot c0mComment -
I think that if you even suspect your book might be engaging in this sort of activity it is time for a new book.Comment -
Ask your book where are players fundsComment -
Books would only segregate if they're forced to do so. Some of the Aussie books are compelled to do this - when Portland went bust, everyone got paid.Comment -
I think plenty of books use players deposits to cover expenses, bonus to owners etc.Comment -
Originally posted by jjgold
JJ, why dont you do a vid on this.Comment -
Hubie what type of video?Comment -
call one of the sportsbooks like you used to do in the old days..that was unrealOriginally posted by jjgoldComment -
In CR... maybe in regulated jurisdictions where the service is operated but not likely if CR. When I say not likely I mean highly not likely with maybe a tiny exception. Throw it all into the Kitty and use what is available for bills and payouts... the wiser principles will always have something put to the side for low season. If a place does run into a few bumps they are going to look at any and all available funds to make it to the clear if they think it is possible.
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BI was used to buy guns, hookers, drugs, and pay child support.Comment -
CR license means ZERO
Pay off a gov't official and get your license
Euro legitComment -
Actually... you do not have to pay anyone off for a license because there is no license for a sportsbook. The only license that would apply would be for a call center which most do not bother to get. The few that have enough employees will go to the trouble but that is a very small percentage of services. It is getting harder to pay off the police but the traffic police can still be bought for $20... the police used to make a lot of money shaking people down for drug possession but now that drug personal use possession is basically decriminalized they just take peoples drugs and resell them and let the users go.Comment -
toucher some of these books claim to have licenses in CR
I think those Malta Gaming License are legit but more Euro books have them than CRComment -
Things can change rather quickly in the forum business
All could be going well and then boom it crashes
I can influence that also
Do the right thing SBR, I am not playing games now
The posters made me here not SBRComment -
The only license they can get is for a callcenter or the one that they got to drive their car back and forth from the office... there is no CR sportsbook license. Over the years I have seen a few services claim on their websites that they are based out of CR and are licensed to operate a sportsbook and I always crack a smile. It is all bullshit... like a lot of things around here are in general JJ.Comment -
Internet gaming license are a recent requirement in Costa Rica. The Costa Rica corporation and license costs $15,000 and then a further US$1,500 every three months in order to keep it active.
In 2007, the Partido Accion Ciudadana introduced legislation to tax sports books and other electronic betting operations. The tax is based on the number of employees on a payroll and begins with firms with as few as ten employees. A fee of ten million colons per annum is charged to a firm of ten employees and this increases up to a tax of 28.4 million colons for firms with more than 61 employees.Comment -
JJ, brother... I hear you. You have to understand though that this is CR we are talking about. They pass or introduce a lot of things around here initially but never actually gets completed for implementation. In all honesty... in all my years I have seen 2 (actual paper issued) licenses that 2 different services had and they were to operate a business in CR. More specifically call centers and the only reason these places got any type of licensing was because the staff to operate the service well exceeded 50 so all large services have call center licenses if anything. Any place that has a large staff has a huge employee liability with taxes and usually has business licensing as a callcenter for employee tax liability to the Caja and cover many other benefits that they are required by law to provide to CR staff which are quite a few in this country. The only gaming license which is issued and fully enforced that I know of is for casinos in CR... brick and mortar. I figure JAZZ would have this type of license because they had walk in casinos in CR. I am thinking that this legislation reference was just another of the ton of legislation that is introduced that never goes anywhere, but hey... maybe I am wrong. Legislation can be a bit of a nightmare to understand around here and often goes ignored for a long time whenever possible as well as the fact that as soon as they introduce one thing they have a habit of turning around and introducing another or having one of a dozen government departmental conflicts which effects the introduced legislation by it never getting completed. The latest form of the licensing legislation that you have referred to was to tax sportsbooks based on each computer they had in their offices a couple years ago. Which also has not happened... they just tried to introduce it because they have had such difficulty trying to come up with, implement and enforce any type of taxing system on sportbook services but know there is a value to be taxed some how some way... I like your posts though JJ. Up the pulse around here if you know what I mean. Cannot wait for one of your videos...Comment -
this would be great.Originally posted by eyeballComment -
Another great example of how legislation is introduced and ultimately adhered to in CR. The CR home address invariably consists of landmarks and directions. Example... my house is 100m from the MCdonalds on Santa RD. Go west and make a left at the school and when you see the green house make a right. Third house on the left with the white gate. This happened because of the legislation passed for property tax on new homes. The Costa Ricans that are allergic to taxes, which is basically all of them, figured out that you just build out your house 95% and just claim it is not completed. Since it is not completed they pay no tax but were not issued an address either. What do they care, they all just went and got post office boxes and have a home that has rebar sticking out on some part of the property that is for the future unfinished room or floor. That is how things are done around here and the government was apathetic with dealing with this. Instead they just upped the sales taxes on everything that they could as well as import taxes. That is why no home address and imports like cars and electronics cost a fortune as well as basically everything else being ridiculously expensive. This place is surreal at times...Comment -
Yes the no address thing there was famous until they started changing itComment -
Not a chance.Comment -
A book should never go broke if they do the right thing and have other layoff outlets, the small books have to gamble with players money though therefore get buried and go broke. The wrong people run most books.Comment
