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boston
05-02-2003, 21:36
Not too sure if this is the rite section to seek help.

i intend to set up a biz focusing on Internet Soccer Betting. But being a d@mn S'porean, I am not too sure if laws will be catching up with me eventually.

What I intend to do, is to register a company in the States, using some webhosting services to host my online betting.

Am i liable for S'pore laws? How can i beat these d@mn laws in order for me to set up my online soccer betting?

Cheers
Heng Chai
05-02-2003, 23:09
Online betting is supposed to be illegal in the States. Only in certain areas its not I believe. And also on some other countries. You might want to trace a few of the current online betting sites to find out where they are hosted.
Zoomer
06-02-2003, 09:54
Try jamica or something like that.

:p
khimhong
06-02-2003, 10:07
I supposed that if you are registered in the US, you should not be liable for SG laws, but you might wanna seek legal advice for this instead, becuase it would be much safer. A piece of advice: seek legal advices from two different legal consultants.
boston
06-02-2003, 22:35
Originally posted by Zoomer
Try jamica or something like that.

:p

u mean try registering the company in Jamica? or hosting there?
boston
06-02-2003, 22:36
Originally posted by sinnerzone
I supposed that if you are registered in the US, you should not be liable for SG laws, but you might wanna seek legal advice for this instead, becuase it would be much safer. A piece of advice: seek legal advices from two different legal consultants.

small try try biz, I dun think i can afford the legal fees.

have spoke briefly to a lawyer friend, he mentioned the IT laws are still in the infancy stage.
khimhong
06-02-2003, 22:57
You do not really need to pay much for legal fees. I think, in Singapore, there are free legal consultants for you to seek advice upon. I supposed they are those training lawyers. But they will not give you the wrong advice. However, still, do get a second lawyers' opinion.
Zoomer
07-02-2003, 00:00
I don't mind getting some advice about the state of registering companies, business, etc in singapore. Do we have S-corp, C-corp, LLC?? And what's the difference anyway! :D

The internet gambling thing, you might want to mask yourself from the site. Otherwise, the police might just nab you right here in Singapore, never mind where your company/servers are.
boston
11-02-2003, 00:27
Originally posted by Zoomer
I don't mind getting some advice about the state of registering companies, business, etc in singapore. Do we have S-corp, C-corp, LLC?? And what's the difference anyway! :D

The internet gambling thing, you might want to mask yourself from the site. Otherwise, the police might just nab you right here in Singapore, never mind where your company/servers are.

Wat is all these S-Corp, C-corp & LLC thingy?

i have tot of masking. But when it comes to registering a company, opening a Bank Account and a Payment account, i believe some form of real identification is still needed.
fred
11-02-2003, 10:01
Originally posted by boston
Wat is all these S-Corp, C-corp & LLC thingy?

i have tot of masking. But when it comes to registering a company, opening a Bank Account and a Payment account, i believe some form of real identification is still needed.

that is true. may be you just sell tips? This shouldnt be considered as betting.
boston
12-02-2003, 23:18
cant earn much selling tips.

l@@k at SgpPools, they dont sell tips. They just take in bets.
khimhong
12-02-2003, 23:55
Precisely, but do bear in mind, the more you earn, the more risks it involves. Basically, i think the only legal betting organisation that has been given permission is Singapore Pools
fred
13-02-2003, 12:41
Originally posted by boston
cant earn much selling tips.

l@@k at SgpPools, they dont sell tips. They just take in bets.

do remember that besides the legal problems, you need to put how much effort in creating such an established site before ppl willing to bet on your site.
boston
13-02-2003, 22:21
Originally posted by sinnerzone
Precisely, but do bear in mind, the more you earn, the more risks it involves. Basically, i think the only legal betting organisation that has been given permission is Singapore Pools

yeah, thus i m refraining from running my idea locally, trying to find ways to beat them
boston
13-02-2003, 22:22
Originally posted by fred
do remember that besides the legal problems, you need to put how much effort in creating such an established site before ppl willing to bet on your site.

have thought of that. whatever biz u started off, u definitely have to start from scratch.
bkm
14-02-2003, 04:55
Do you know how much it cost to set-up a Internet betting site?!
Servers, back-ups, firewall, license, etc.

:rolleyes:

I BET you can't afford it :D
khimhong
14-02-2003, 04:56
Originally posted by boston
yeah, thus i m refraining from running my idea locally, trying to find ways to beat them

It's never easy to do so, consdering Singapore is such a small country. It's almost virtually impossible. Unless you base yourself in other parts of the country where internet betting is considered legal, lest its good to drop the idea.
fred
14-02-2003, 09:36
ok. may be we should forget about the legal problem first and start brainstorming what need to be done in setting up a soccer betting site?? it seems an interesting topic to me :D
boston
14-02-2003, 17:06
Originally posted by sinnerzone
It's never easy to do so, consdering Singapore is such a small country. It's almost virtually impossible. Unless you base yourself in other parts of the country where internet betting is considered legal, lest its good to drop the idea.

i might be wrong. But i dun judge myself failing w/o trying it.
boston
14-02-2003, 17:07
Originally posted by fred
ok. may be we should forget about the legal problem first and start brainstorming what need to be done in setting up a soccer betting site?? it seems an interesting topic to me :D

yeah, hope to find ways beating all the d@mn idiotic Sgp rules.
bkm
15-02-2003, 02:49
yeah, hope to find ways beating all the d@mn idiotic Sgp rules.

Why dont you find a way to prepare the $$$ first? :D

BTW, have you got the budget?
Care to share with us how much you intend to spend?
boston
15-02-2003, 11:51
Originally posted by bkm
Why dont you find a way to prepare the $$$ first? :D

BTW, have you got the budget?
Care to share with us how much you intend to spend?


seem like there isnt much constructive feedback here.

:(
boston
15-02-2003, 11:55
Originally posted by bkm
Do you know how much it cost to set-up a Internet betting site?!
Servers, back-ups, firewall, license, etc.

:rolleyes:

I BET you can't afford it :D

this is what you think personally maybe you aint from IT.
bkm
15-02-2003, 19:08
this is what you think personally maybe you aint from IT.
So you think this is all abt IT ? :rolleyes: :o
boston
15-02-2003, 19:55
Originally posted by bkm
So you think this is all abt IT ? :rolleyes: :o

thanks for your concern.

my primary tasks is to find l@@ph@les in beating the Sgp legal rules :bangwall:
Zoomer
15-02-2003, 21:33
If that is the case, you should consult a lawyer instead. :)