This article delves into the players perspective in whether you should or should not play on an unregulated site. What I am interested in here is more the perspective of the poker sites. Why be regulated if you suffer no consequences from not playing by the government rules? Are the regulated sites paying a bunch of taxes to a bunch of governments and the unreg sites aren't? If so how the heck are the regulated sites going to be able to compete long term?
Governments make it difficult to deposit and especially withdraw from unregulated sites, which makes it less attractive for people to play there. Not everyone wants to get paid out in crypto currency for example. Many also feel, its more safe to play on regulated sites, because then you can turn to a gaming authority in your own country rather than Costa Rica, if something goes wrong.
Here in
sweden I can play on both regulated and some unregulated sites, and I vastly prefer the regulated sited, even though the regulation comes with serious drawbacks like no incentives or promotions. But for me at least this is outweighted by more game selection on the regulated sites (PokerStars) and the fact, I can have money in my bank account within usually 24-48 hours after making a withdrawal.
You have heard of Black Friday haven't you? This is exactly what happened with Pokerstars, Fulltilt, and AbsolutePoker/ULtimateBet
Those companies had assets like servers, offices and bank accounts in the US. The unregulated sites like ACR does not, and this is why, they have not been shut down. After all US law does not apply in Costa Rica, even if some americans feel, they are the owners of the world