Costa Rica

Description:
With its reliable telecommunication system and educated work force, and despite its lack of online gambling regulations, Costa Rica hosts hundreds of sports gambling sites and online casinos, the majority catering to the US market. The internet's Las Vegas allows online bookmakers to operate without having to pay any type of betting tax or licensing fee as long as they block all the IP addresses located in Costa Rica and ensure that all gambling transactions are conducted through offshore bank accounts. Although for many years there have been talks to come up with a legislation specifically dealing with online gambling, Costa Rica-based online sportsbooks continue to operate with business licenses granted by municipalities.