It is understandable that Internet entrepreneurs would want to get in on it. Pa. Since 1992, IGC has specialized in gambling on major sporting events taking place anywhere in the world. IGC made it legal by opening offshore accounts for its betting customers through a subsidiary, Sports International Ltd. of Grenada, West Indies, and letting the punters place bets using a toll-free number from anywhere in the world. In May 1995, it accepted its first wager transmitted over the Internet. Since then, a number of sites have sprung up offering sports-book wagering, with offshore accounts, on the Internet.
Some sites use play money accounts for pretend blackjack, roulette or slots.
With Global Casino, IGC expects to capture at least 1 percent of the worldwide wagering market. All gambling accounts are offshore. The money transactions are done through an expatriate subsidiary. The way we're set up, there's nothing we're doing that anyone can criticize. State and federal law enforcement officials are not so sure.