EU finds US in violation of WTO agreement
27 March 2009
The EU Commission released their draft report Thursday, in which they have found the US to be in violation of WTO (World Trade Organization) rules. As we all know, since the passage of the UIGEA in 2006, it is now against the law for banks and other financial institutions to allow outgoing and incoming transactions related to online gambling.
The European Union executive apparently wants to come to an amicable solution to this with the US Justice Department, and suggested that they will enter into negotiations before going forward with a formal complaint with the WTO.
Personally, I still don’t see why the US doesn’t get off their duffs and start the wheels in motion to regulate and tax online casinos/poker rooms/bingo sites, etc. There’s billions of dollars up for grabs, and with the shape the world economy is currently in, this move would help every country involved. The issue here is that while the US is missing out on a great revenue stream, the European casino operators have lost billions since the UIGEA was passed in 2006 because they were forced to leave American players out to dry.
Again, Barney Frank sums it up very well when he was quoted as saying “I’m struck by the people who think we have to abide absolutely and religiously by the WTO … but when it comes to banning gambling and the WTO, they ignore it.”
25 August 2007European Internet Gambling Firms Could Gain Access to U.S.
The Bush administration, pressured by an unfavorable ruling by the World Trade Organization, plans to push for legal changes that could make it easier for European service companies, from engineering firms to law firms and shipping companies, to do business in the U.S., officials say. The U.S.Read full article
30 March 2007WTO Official Ruling: US Internet Gambling Ban Illegal
Bloomberg By Warren Giles March 30 (Bloomberg) — The U.S. ban on offshore Internet gambling payments is illegal, the World Trade Organization said today, upholding a previous decision that allowed for possible sanctions… Antigua and Barbuda, a Caribbean nation of 80,000 people, has challenged Bush administration efforts to close the estimated $12 billion global business to U.S. residents, who account for half of the market. The U.S.Read full article
07 May 2007Politicians Silent On US Refusal To Comply With WTO Online Gambling Ruling
On Friday, April 4, 2007, the US announced its decision to ‘modify’ the commitment made in 1993 to open U.S. markets to “recreational services.” and clarify that gambling services are not included. This unprecedented action would remove any WTO jurisdiction to online gaming and nullify Antigua’s recent WTO court victory.Response to this newest US decision, good or bad, has been reported from several countries outside the US but there has been no comments from the US political arena. Not one.Read full article