View Single Post
  #1  
Old 10-12-2007, 01:59 PM
pubbie pubbie is offline
Member
 
Join Date: Dec 2005
Location: Sweden
Posts: 73
Default US faces US$100 billion fine for web gambling ban

US facing fine for online gambling ban

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.
Reply With Quote