European Union Joins Fight for Online Gambling

12:29 pm October 29, 2007 | posted in Bingo News

The European Union has taken steps to join Antigua in the fight for gambling. Antigua challenged the United States because of the passing of the Unlawful Internet Gambling Enforcement Act in October 2006.

Compensation is being sought after due to the losses in the United States market and it is being said that the U.S. violated a treaty that is held under international trade laws.

The European Union has now joined Antigua in their case and they too are now seeking compensation for losses in the U.S. market regarding online gambling.

The Unlawful Internet Gambling Enforcement Act prevents financial companies from transferring funds back and forth from United States online players and the different gaming companies they play at. This basically means that the U.S. market is completely closed from foreign gaming operations.

The case has been extended until December by the World Trade Organization, is the group that overseas, or monitors, international disputes in terms of trade. With so many gambling companies experiencing such large profit losses, many are waiting and watching for this case to come to a close to see exactly what will come of the U.S. ban.

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