Deal reached In the EU and U.S. in WTO case
18 December 2007
Deal for compensation reached In the EU and U.S. in WTO case
17 December 2007
As reported by Reuters: Brussels” The European Commission dealt a blow to European online gaming companies on December 17th, when it accepted a U.S. offer of openings in other sectors to compensate for closing the U.S. gambling market to foreign firms.
Companies in Europe such as PartyGaming and Bwin Interactive Entertainment was hoping the European Union executive might shun a settlement and fight on instead to restore their ability to operate in the world’s biggest market.
A bi-lateral agreement was signed in Geneva, in which provides EU service suppliers with new trade opportunities in the U.S. postal and courier, research and development, storage and warehouse sectors, so the Commission said in a statement.
U.S. also made concessions in the testing and analysis services sector, the Commission stated, adding it would still try to dissuade the United States from discriminating against foreign operators.
Representative of Europe’s online gaming sector , which saw billions of euros of market value wiped out by the U.S. restrictions Stated the announcement was a disappointment.
Commission can still press for an opening up of the market, but the leverage of the outstanding (compensation) negotiations has been taken away, said Clive Hawkswood, chief executive of the Remote Gambling Association.
19 September 2006PUBLIC VS PRIVATE IN ONLINE GAMBLING CLASH
INT’L HERALD TRIBUNE By Eric Pfanner International Herald Tribune Published: September 18, 2006 LONDON The detention of the heads of an Austrian online gambling company by French authorities has raised the stakes in a Europe-wide battle between lucrative state-sponsored betting monopolies and their upstart rivals on the Internet, raising eyebrows at the European Commission in Brussels.Read full article
16 May 2007Bwin Betting On Czech Gamling Increasing
Czech Business carried an interview with Bwin Interactive regarding the Czech government’s stance on online gaming and Bwin’s successful European operations. “Foreign online gambling companies are betting they’re onto a Czech business jackpot because government officials will never be able to stop their Internet activities run from abroad.Read full article
16 May 2007bwin Wins Title 'World's Biggest Publicly Listed Online Gaming Provider'
The Financial Mirror reports that for the first time ever in Q1 2007 now ended, bwin Interactive Entertainment AG has won the title they’ve been seeking since 2004. They are now officially the ‘Worlds’ Biggest Publicly Listed Online Gaming Provider’, speaking in terms of both the number of active customers and gross and net gaming revenues.Read full article