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Originally Posted by TampaToker
Been there done that not worth the trouble  |
Dunno what kinda experiences you had TT, but it's a good biz and serious earner. The only criteria and main weakness lies in "personal backgrounds" - by that I mean covering ass and remaining legal. For US folks that is a problem, but otherwise no big deal.
Guessing.. to do a proper basic setup (tho could vary depending), it prob needs capitalizing to around $500K for premises, software blah and local gaming permits which can be around $100K'ish.
As already mentioned, the "weakness" is in the backgrounds of those involved and the achilles heel lies in citizenship and compliance with "home country" laws and taxation - if there are no "home country" laws applicable and no requirement for annual filings of a citizen while resident 'elsewhere' it's easy - but otherwise a problem.