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#1
10-12-2007, 01:59 PM
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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. 
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#4
10-12-2007, 02:06 PM
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Re: US faces US$100 billion fine for web gambling ban
Yeah - im pretty sure all the US needs to do is turn around and say "we aint paying, bub" and there is nothing the WTO or its trade members can or will do.
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#5
10-12-2007, 02:45 PM
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Re: US faces US$100 billion fine for web gambling ban
Thats a great reason for nobody to ever vote for a dumb ass republican again.
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#7
10-12-2007, 03:05 PM
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Re: US faces US$100 billion fine for web gambling ban
This is big news, and a whole lot different than Antigua alone pushing it via the WTO.
The fact is, I'm a bit surprised nothing happened earlier (maybe it did at less public diplomatic channels). Britain was especially hurt. The Economist wrote a leader describing the ban as protectionist last year, and the British tabloid press was more venomous, openly asking "these are supposed to be our allies?" after the ban erased hundreds of millions of pounds value from publically traded companies.
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#8
10-12-2007, 03:59 PM
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Re: US faces US$100 billion fine for web gambling ban
[ QUOTE ]
Thats a great reason for nobody to ever vote for a dumb ass republican again. [/ QUOTE ] LOL. The obvious reply is to write that this must have been written by a Democrat but I have too many Democrat friends. To lump this abortion in with their political party would be downright cruel.
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#9
10-12-2007, 04:04 PM
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Re: US faces US$100 billion fine for web gambling ban
[ QUOTE ]
Thats a great reason for nobody to ever vote for a dumb ass republican again. [/ QUOTE ] Yeah, go ahead and vote for Hillary and watch your taxes, businesses, health care, and the war on terror implode.
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#10
10-12-2007, 05:40 PM
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Re: US faces US$100 billion fine for web gambling ban
[ QUOTE ]
Thats a great reason for nobody to ever vote for a dumb ass republican again. [/ QUOTE ]  edit: This is Ron Paul. He will solve all the world's problems if you remember to vote for him [img]/images/graemlins/smile.gif[/img]
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