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Profile of An Internet Bookie

Posted by Hemos on from the so-yous-wants-to-make-some-monies dept.

prostoalex writes "The New York Times Magazine has a story about one of Internet's most lucrative businesses - online bookmaking. Writer William Berlind travels to San Jose, Costa Rica, where the offices of such online powerhouses as BetOnSports and SkyBook are located. Quite an interesting story about numerous Americans traveling to Costa Rica with the grand business plan of online gambling, US government trying to shut down the offshore gambling operations, and how the bookies operate."

1 of 245 comments (clear)

  1. Outsourcing by wwhsgrad2002 · · Score: 0, Flamebait

    This is just another example of outsourcing. Many products that are sold in the US are made in third world countries because the labor is cheaper, and profit margin is bigger. Slowly, but surely, the US IT industry is moving to India, because programmers work for less money there.

    Here online gambling has shifted to Puerto Rico, because the Costa Rican government has taken a laissez-faire approach. This means more money for the bookeepers. Besides in a overpopulated country, more jobs mean a better economy. It is a win-win for both the government and the businesses. THe US should restructure its current government so that it is more favorable for business. Maybe then, we can get out of this recession.