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And There go U.S. Copyrights

The rulings are in and the World Trade Organisation (WTO) has announced that the Antigua was awarded $21 million a year in trade sanctions from the U.S. This figure is undoubtedly disappointing for all of the parties involved in the online casino gambling dispute. The U.S. asserted that Antigua deserved a much lower annual compensation amount, and Antigua on the other hand requested $3.4 billion – it seems that neither country has much to be wholly happy about now that the years of dispute and negotiations is finally over.

The U.S. online casinos industry is one of the most hotly debated topics right now in the internet gambling industry because of the ongoing negotiations, and because many internet gamblers and companies are looking toward the U.S. Congress for a much more amenable solution to this ongoing debate. Basically, most in the industry would rather have access to the online casinos in the U.S. rather than trade compensation – whether that will happen in the near future is pretty debatable.

But in the mean time, the WTO ruling means that Antigua was granted the ability to disregard U.S. copyrights concerning the music industry to the tune of $21 million a year. The U.S. had offered Antigua $500,000 in compensation and noted that that is all that the U.S. felt it should be forced to compensate Antigua for in the online casinos dispute. The $21 million settlement is a far cry from that, but at the same time, most in the industry note that though $21 million is more that the U.S. pushed for, even that much will only have a slight effect on the U.S. music industry.