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Tuesday 30th October 2007

Internet Gaming Ban Proves Costly for US



The New York Post newspaper has published an interview with the Chairman of the Poker Players’ Alliance (PPA), Alfonse D’Amato, in which the 70-year-old Republican stated that the international trade dispute with Antigua and Barbuda over online gambling could end up leaving America responsible for billions of dollars in trade sanctions.

The World Trade Organisation (WTO) has ruled in favour of the tiny Caribbean nation and it is now in the process of seeking $3.4 billion in compensation to offset the effects of America’s Unlawful Internet Gambling Enforcement Act (UIGEA) along with other nations such as India, Japan and the European Union.

'In a matter of months, you're going to see billions of dollars in trade sanctions coming down against the United States,' said the former three-term Senator for New York. 'Then, I believe we will start to have a profoundly new and different group lobbying, saying you've got to stop this prohibition on Internet gambling. We look like the ugly American.'

The WTO recently ruled that the US violated its international treaty commitments by going after offshore online gambling companies without stopping American operators offering remote betting on state lotteries, horse and dog racing. After the ruling, Washington said it would remove online gambling from its WTO treaty obligations, a move that angered allies who have since filed compensation claims against the US.

 


Source:OnlineCasinoNews



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