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EU signs deal with U.S. on online gambling |
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donderdag, 20 december 2007 |
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The U.S. ban on financial transactions between banks and foreign online gambling companies remains, but there is compensation in other areas. The international trouble about the behavior of the U.S. is however not an issue. According to AP and Bloomberg, the United States and the European Union row over the online gambling ban of the U.S. thus. But there is the issue has not abandoned within the World Trade Organization (WTO).
The EU, like many other stakeholders, had objections to the Unlawful Internet Gambling Enforcement Act (UIGEA) in October 2006. That the United States prohibit all financial transactions between a financial institution and an online gambling website. This means in effect the draining of the online gambling. European gokbedrijven calculated the damage of the failure of their American customers to 2.8 billion or 4 billion dollars, on an overall market that between 15 to 20 billion dollars amounts. Apart from Europe also demanded Japan, Canada, India, Australia, Costa Rica and Macao that gambling ban of the table went. The requirement for this purpose within the WTO was the first filed by Antigua and Bermuda, where many gambling companies for fiscal and legal reasons. That loss to own say more than 3 billion dollar turnover.
Compensation
The U.S. Europe have now promised compensation in the form of initiation of a number of markets. They have nothing to do with gambling, but Europe offer new opportunities. These include the logistics, postal and koeriersmarkt. And TNT Post in the Netherlands for example, but not the gambling companies. They are so outraged to see the agreement and demand that the U.S. law still on the table. The value of the U.S. commitment is not hard to do, gave the EU.
Troubles
With Antigua and Bermuda, there is still no agreement. Around 10 percent of the economy is reliant upon the gambling since entrepreneur Jay Cohen more than a decade ago fortunes began to make his World Sports Exchange. That he had in the U.S. eight years back over 17 months in prison spend. Cohen has moved to Antigua for a complaint to the World Trade Organization against the U.S.. In 2005, the U.S. by the WTO in the wrong. Subsequently, the U.S. its trade obligations within the WTO regarding the gokwezen withdrawn and its gambling policy further tightened with the said law from 2006. According to lawyers involved was totally against the international rules of conduct. The probability that Antigua will get money is not great.
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