Here's the latest from
Gaming Investments. Not exactly what the industry expected at all. This is a major setback in the WTO case. It makes it much harder now to come up with an enforceable penalty.
Quote:
INTERNET AGREEMENT: NO AMERICAN COLLAPSE
Don’t look for Internet gaming to be legalized in the U.S. anytime soon.
The United States has come to an agreement settling its World Trade Organization claims with European countries and the sky did not fall in.
The U.S. will not pay the much-publicized $100 billion in claims. Nor will it high-tail to DC and beg Congress to legalize Internet gaming.
Instead, the U.S. decided to offer new trade opportunities in the U.S. postal and courier sector, research and development, storage and warehousing Reuters reported.
The U.S. isn’t out of the woods yet. It still has other countries to settle with, including the original complainant, Antigua, which wants $3.4 billion.
The U.S. owes the claims because WTO found that America’s prohibition on Internet betting while it allows live gambling in casinos violates international trade agreements by locking other companies out of the U.S. betting market.
I-gaming stocks fell in London trading on the news.
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