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#1
09-26-2007, 06:52 PM
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EU asking for a lot of money
I just read this article. http://www.casinogamblingweb.com/gamblin..._law_46991.html
This could really help our cause. EU wants $100bn in trade concessions. No way that would ever fly with Congress. It seems that this little case it a test for the entire WTO process and treaty. Thanks Bush and FOF. But why does every reporter think that the IGREA would solve the problem and comply with the WTO? 
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#2
09-26-2007, 07:40 PM
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Re: EU asking for a lot of money
The IGREA as it is would still not be in compliance with the WTO, however, once the IGREA goes to the House floor it will be debated, then amendments will be put on the bill and the end result would be a new form of the IGREA which would, hypothetically, bring it into compliance with the WTO.
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#3
09-26-2007, 07:47 PM
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Re: EU asking for a lot of money
[ QUOTE ]
I just read this article. http://www.casinogamblingweb.com/gamblin..._law_46991.html This could really help our cause. EU wants $100bn in trade concessions. No way that would ever fly with Congress. It seems that this little case it a test for the entire WTO process and treaty. Thanks Bush and FOF. But why does every reporter think that the IGREA would solve the problem and comply with the WTO? [/ QUOTE ] safeandsecure had a press release that may be the source
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#4
09-26-2007, 08:25 PM
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Re: EU asking for a lot of money
Does anyone think EU trade lobbyists should not rent Washington offices now? and ask for poker players support?
$100bn, OK round it down to $50bn - it is serious wonga.
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#5
09-26-2007, 08:28 PM
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Re: EU asking for a lot of money
Why rent when you can put up a web-site and borrow.........
D$D
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#6
09-26-2007, 08:59 PM
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Re: EU asking for a lot of money
The article posted by safeandsecure is a different article that I read today. I think that it is about an estimate of total likely concessions rather than demanded concessions. Again IGREA is cited as conpliant with WTO. Problem is that I don't think that other countries will accept US regulation of an online gambling firm on their soil. Other countries, like UK, only regulate or tax online gaming companies located within their borders and allow foreign online entities to serve their citizens if they are licensed in their home country.
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#7
09-26-2007, 10:15 PM
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Re: EU asking for a lot of money
[ QUOTE ]
The article posted by safeandsecure is a different article that I read today. [/ QUOTE ] The CGW writing quotes safeandsecure people as its only source. If they had a source that said "EU was asking for" $100 billion instead of a press release just giving an iffy "WTO ruling could require $100 billion", they would have used it.
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#8
09-26-2007, 11:35 PM
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Re: EU asking for a lot of money
Im pretty sure the EU didn't ask for $100 billion today, a few companies (Party Poker, 888, other UK companies) and analysts (lawyers, Safe and Secure) etc. came out today and said they were going to ask for that much, but they did not officially make the request to the WTO as of yet, but when they do it is estimated to be that much.
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#9
09-26-2007, 11:58 PM
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Re: EU asking for a lot of money
[ QUOTE ]
Im pretty sure the EU didn't ask for $100 billion today, a few companies (Party Poker, 888, other UK companies) and analysts (lawyers, Safe and Secure) etc. came out today and said they were going to ask for that much, but they did not officially make the request to the WTO as of yet, but when they do it is estimated to be that much. [/ QUOTE ] Well S&S can write a press release but some people can't read. "“The $3.4 billion claim by Antigua and the much larger claim of potentially over $100 billion by the seven economies seeking compensation are some of the largest penalties in the history of the WTO,” stated Matsukata . Matsukata is just the "expert" S$S chose to quote. As far as I know the EU hasn't and is unlikely to put an exact $$ figure on their claim. As others have pointed out the EU doesn't care about on-line poker one fig. Bitch slapping the US and getting cover for it's own "protected interests" and possibly getting a little better deal in the future is about all the EU gives an Euro about. Come on people we can do better than this........... D$D
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#10
09-27-2007, 05:16 AM
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Re: EU asking for a lot of money
[ QUOTE ]
Bitch slapping the US and getting cover for it's own "protected interests" and possibly getting a little better deal in the future is about all the EU gives an Euro about. [/ QUOTE ] The bitch slapping is the fun bit for EU trade negotiators, it is also the bit that gets other industries demanding US concessions on online gambling. They will target the constituencies and supporters of UIGEA directly, they will hit individual legislators hard. PS they will want a lot better deal, not a little.
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