Cost of U.S. Ban
Oct 13, 2007
Author: Sandy Kitchen
The World Trade Organization and the members angry over the
United States ban and the Unlawful Internet Gaming Enforcement Act that sent many online operators out of business or seeking new players After the lost of American online players has fined the United States $100 billion dollars. The sentiment of the World Trade Organization and its member's fell this ban is discriminating against European gaming operators. They are also of the opinion that the United States is a large threat to the rules of the International Trading system, according to the former policy-planning director from the United States Trade Representative Office, Nao Matsukata.
This $100 billion dollar fine is a way of seeking compensation, however when the World Trade Organization ruled against the United States ban in the case of Antigua, the United States Government excluded the online gambling industry from the free trade agreement.
While many Internet poker sites and other online gambling sites have moved on to other markets and American's are still finding ways to play online the published profits of these online operators is beginning to rise.
There are some representatives in Washington D.C. that have now started to rethink the passing of the UIGEA and are drafting bills that could regulate online gambling.