Will Hurricane Earl Affect Online Casinos Based in the Caribbean?
For reasons that are both practical (i.e. you can’t do it in the US) and financial (tax breaks) many online casinos are home based in the Caribbean islands.
As I said, by locating on the islands, they can avoid paying hefty taxes and circumvent gambling laws in countries like Canada and the United States.
However, great risks on involved – as offshore locations are vulnerable to storms that could wipe out entire online gambling operations.
It could happen if a category 4 or 5 slams the islands and that has some folks worried right now, with Hurricane Earl.
This week, Hurricane Earl will be nearing a Category 3 or even 4 – as it travels through Antigua, a major online gambling hub, according to a report by Gambling 911.
The country hosts some of the biggest online gambling operators, including BoDog.com and Intertops.
Several tropical storms have hit the area in the past couple of years, but they have had little effect on the online gambling operators.
But good ole Earl is one of the biggest storms to take over the island in recent years, so online casino operators are bracing themselves for the negative impacts, which could include damaged servers and downtime for their websites.
Hurricane Earl is not expected to go directly through Antigua, although winds will reach up to 100 mph and more than 8 inches of rain will fall.
I’ll be watching the news to see what happens.
No matter what, these operators are smart and you just know they have back up systems to cover such contingencies.
Stay tuned.
By the way…LOVE BoDog.
Earl, don’t mess with BoDog!
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Posted on August 31, 2010 by doclotto | Filed Under Casino, news, Online
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