• Brussels has accused the U.S. government of changing commitments made to the World Trade Organization (WTO) over internet gaming.

    15 October 2007

    Newspaper

    Members on the panel of a trade forum in Brussels, put out harsh criticism at towards the U.S., focusing on a burgeoning trade clash between the U.S. and Europe over internet gaming.
    The forum believes that the US could be liable for more than $100 billion U.S. funds, in trade concessions to European industries after placing illegal discriminatory trade restrictions on European gaming operators.

    The disputed concessions arise from Antigua’s victory earlier this year when the WTO ruled that the US violated its treaty obligations by excluding online Antiguan gaming operators, while allowing domestic operators to offer various forms of online gaming.

    Instead of complying with the ruling, the Bush administration withdrew the sizeable gambling industry from its free trade commitments.

    As a result, all 151 WTO members are considering seeking compensation for the withdrawal equal to the size of the entire US land-based and online gaming market, estimated at nearly US$100 billion.

    The European Union, along with India and five other countries, has filed notice that it intends to seek compensation.
    Nao Matsukata, former director of policy planning for the Office of the U.S. Trade Representative said “The U.S. decision is a major threat to a rules based international trading system.”

    Matsukata also said “If more countries follow the U.S. lead and do the same thing, the entire WTO system could implode and that would be extremely dangerous for U.S. economic interests and for free trade generally.” “Part of what makes the U.S. such a formidable opponent in international negotiations is its credibility. That credibility is now at stake for the U.S. government not just in the trade area but in foreign relations generally.”

    A trade lawyer at Herbert Smith in Brussels, Lode Van Den Hende, criticized the U.S. for presecuting foreign online gaming companies while letting domestic online gaming interest operate with impunity.
    Hende said “This is absolute discrimination against foreign operators that the WTO has found to be illegal.” “It is exactly the kind of practice that the WTO was set up to eliminate, and now t he U.S. is violating this very basic principle that it fought hard to put in place at the inception of the organization.”

    Watch this section as we keep you updated on all the news from the UIGEA, iMEGA, and any aspects of Online Gambling.

    Related News

    • 03 July 2020

      Hot July At Slots Capital With 300% Bonus To All Deposits

      July brings great opportunities for South African players registered at Slots Capital Casino as the operator is giving an additional 300% to all deposits during this month. More specifically - for every $1 deposited, users will get $3 more to play with. The remark of the site’s blogger Slots Lott, sums up this superb offer: “There’s nothing finer that relaxing in a hammock playing slots on my phone. OK, there’s one thing finer: getting three times my deposit as a bonus!

      Read full article
    • 27 June 2020

      Timed-Exclusive Launch of Golden Genie By Nolimit City On William Hill’s Brands

      Nolimit City celebrates yet another top tier collaboration with a timed-exclusive effort with non-other than William Hill group. The Malta-based software provider moves towards mega stardom status thanks to the joint collaborative effort towards promoting their next big release - Golden Genie & The Walking Wilds slot.

      Read full article
    • 16 June 2020

      Play'n GO Will Be Launching Three New Titles At The Same Time!

      Play’n GO is one of those providers who are bringing new slots to the gambling market weekly. However, launching not one, but three releases simultaneously managed to get us by surprise. A triple rollout is announced for the midst of June, freshening up the iGaming scene with a trio of brand-new titles into the market. Software providers constantly come up with fresh strategies to compete with other studios and ultimately beat the competition.

      Read full article