its not illegal in many countries, though you may have to pay initial license fee - also you need to have a lawyer who has knowledge of international internet gambling law ...

so you need a VC who can pay your license bill and a lawyer who can find you the legal way of doing this.

i have this old news piece that might help ...

http://bits.blogs.nytimes.com/2008/04/01/congress-to-take-te...