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Online Casinos Mean a Better Economy

Pressure from the UK government and the European Union are looking at the U.S. to pass new legislation that would legalize online casinos in the country rather than continue the ongoing negotiations over European Union compensation claims. Many interest groups, online casino companies, and even the British government are vocalizing concerns that the U.S. is stalling negotiations and not considering viable alternatives. The World Trade Organisation is mediating the dispute between the U.S. and several other countries that have filed compensation claims through the WTO.

The British government is on board with the idea that the U.S. ought to license and regulate the online casinos industry, the private secretary for the British Department for Business Enterprise and Regulatory Reform, Emily Bourne, recently stated in a letter that "The British Government has signaled quite clearly its support for regulation rather than prohibition." This sentiment is strong in the UK as the compensation negotiations continually stall, and the online casino companies fear that they will not receive a decent trade compensation agreement from the U.S. This feeling is particularly high because the U.S. Trade Representatives are not willing to budge very much in the negotiations.

The support aboard in varying countries seems to really focus on the potential of Barney Frank’s IGREA (Internet Gambling Regulation and Enforcement Act) to bring the online casinos industry back into the U.S. and allow offshore gambling companies and sites access to U.S. players. By altering the current online gambling ban, the U.S. could effectively resolve the current conflicts with the WTO and other countries.