Costa Rica – The Las Vegas of Internet Gambling
One of the most important factors a gambler should consider before opening an account with an online casino is the place where the casino got its license. A gambler needs to know that the casino’s licensor is the one who monitors its operation as they are the one who set the criteria how their licensees should do business. Most countries today consider gambling as illegal, and so they stay away from issuing permits to online operators. But there are a few places that welcome such operators, and one of them is Costa Rica.
Costa Rica is located in Central America, a 51,100 square kilometer nation that bridges the North and South America. With a total of 1,290 kilometers of coastline on both sides, the place separates the Caribbean Sea (on its east) and the North Pacific Ocean (on its west). The place shares border with Nicaragua to the north and Panama to the south. The place has a population of more than 4 million people as of 2007 census, and about 80 per cent of them are Christian. Costa Ricans speaks Spanish as its official language.
The name Costa Rica means rich coast, and this could be the reason why tourism is a $2 billion per year industry. Its beach resorts and other tourist destinations earn more foreign exchange than the combined exports of the country’s agricultural products. The place was visited by 1.9 million foreign visitors in 2007, making it as the most visited nation in the Central American region. Historically, Costa Rica enjoyed greater peace and more consistent political stability compared with many of its fellow Latin American nations.
As a host to online gambling destination, Costa Rica boasts of having the most number of licensees. The place is aptly called the Las Vegas in internet gambling, and many factors contributed to its popularity. For one, the place has a reliable telecommunication system, an educated work force, and a generally stable political climate. Furthermore, the Costa Ricans believes that the act of wagering does not really take place in Costa Rica, only the operator’s gaming servers, and so is not overly stringent on the requirements. Its licensees may accept wagers from customer anywhere in the globe for as long as they refuse to accept wagers from individuals in Costa Rica.