New Posts For Thread: Betfair considers offshore movehttps://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-moveBy Simon Goodley (Independent on Sunday)Sunday, 10 October 2010Betfair, the soon to be floated betting exchange, has drawn up plans to move its business offshore.The group, which announced last week that its listing would value it at as much as £1.4Is there something stopping you having a bank account outside your country of residence?https://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469920921#469920921Is there something stopping you having a bank account outside your country of residence?Tue, 12 Oct 2010 16:31:18 -0500askari1 12 Oct 10 12:52 Having an exchange means sharing w/ winnerssharing winnings? Hardly....Betfair act as brokers, not bookmakers! Furthermore, it is OUR money in the first place. When the government "gives" you a "tax refund", they aren'https://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469903637#469903637askari1 12 Oct 10 12:52 Having an exchange means sharing w/ winnerssharing winnings? Hardly....Betfair act as brokers, not bookmakers! Furthermore, it is OUR money in the first place. When the government "gives" you a "tax refund", they aren'Tue, 12 Oct 2010 14:53:14 -0500Proxies blow all laws based on country of origin out the water You could determine country via bank account etc. No need to worry about proxies.https://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469862461#469862461Proxies blow all laws based on country of origin out the water You could determine country via bank account etc. No need to worry about proxies.Tue, 12 Oct 2010 09:31:01 -0500Proxies blow all laws based on country of origin out the waterhttps://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469857437#469857437Proxies blow all laws based on country of origin out the waterTue, 12 Oct 2010 08:43:58 -0500Banks,As far as BF is concerned once floated they will have to take action that is most profitable to their shareholders.That's a bit of a weird comment. Are you suggesting that the directors of a private company don't have to take the action that'shttps://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469854389#469854389Banks,As far as BF is concerned once floated they will have to take action that is most profitable to their shareholders.That's a bit of a weird comment. Are you suggesting that the directors of a private company don't have to take the action that'sTue, 12 Oct 2010 08:14:37 -0500Having an exchange means sharing w/ winners, and this is something that casinos are utterly averse to doing. Anyone caught card counting at blackjack is going to get thrown out. Imv casinos will continue running their lines, maybe exanding to Asian hhttps://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469847221#469847221Having an exchange means sharing w/ winners, and this is something that casinos are utterly averse to doing. Anyone caught card counting at blackjack is going to get thrown out. Imv casinos will continue running their lines, maybe exanding to Asian hTue, 12 Oct 2010 06:52:37 -0500FAFH,You don't think "Las Vegas" represents any more of a threat to Betfair than other companies? These companies have the capital, the name recognition and easy access to target customers. Furthermore, gambling is their business. They will have ahttps://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469841393#469841393FAFH,You don't think "Las Vegas" represents any more of a threat to Betfair than other companies? These companies have the capital, the name recognition and easy access to target customers. Furthermore, gambling is their business. They will have aTue, 12 Oct 2010 05:36:10 -0500I think he may mean that private companies are not under the same type of consistent pressure to be always seen to be trying to maximize shoer term profits.One if the biggest complaints public companies is their emphasis on setting and meeting shorthttps://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469761561#469761561I think he may mean that private companies are not under the same type of consistent pressure to be always seen to be trying to maximize shoer term profits.One if the biggest complaints public companies is their emphasis on setting and meeting shortMon, 11 Oct 2010 14:50:11 -0500Banks,As far as BF is concerned once floated they will have to take action that is most profitable to their shareholders.That's a bit of a weird comment. Are you suggesting that the directors of a private company don't have to take the action that'shttps://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469751945#469751945Banks,As far as BF is concerned once floated they will have to take action that is most profitable to their shareholders.That's a bit of a weird comment. Are you suggesting that the directors of a private company don't have to take the action that'sMon, 11 Oct 2010 13:32:42 -0500http://www.cityam.com/news-and-analysis/betfair-threat-quit-the-ukTAXMATTHEW WESTBETFAIR may quit the UK over a proposed tax increase and government inaction over offshore gambling websites, it emerged over the weekend.City A.M. understands the onlinhttps://community.betfair.com/general_betting/go/thread/view/94082/26027001/betfair-considers-offshore-move?post_id=469692625#469692625http://www.cityam.com/news-and-analysis/betfair-threat-quit-the-ukTAXMATTHEW WESTBETFAIR may quit the UK over a proposed tax increase and government inaction over offshore gambling websites, it emerged over the weekend.City A.M. understands the onlinMon, 11 Oct 2010 03:59:54 -0500