A Justifiably Frustrated Island After years of claiming injustice, and many World Trade Organisation decisions in favor of the small island nation of Antigua, Antigua now has a ruling on just what the WTO feels is the value of the nations years of struggles against the U.S.’s unfair online casino gambling legislation. Antigua has faced the U.S. in the WTO courts and caused the giant nation to alter legislation rather than simply correct the unjust and protectionary online casinos gambling laws. And though Antigua is largely justified in its compensation claims, the WTO did not agree with the billion dollar compensation claims from Antigua.
Last week’s ruling by the WTO was undoubtedly frustrating for a nation that really expected more from the U.S. and the WTO. The Antiguan economy was destroyed by the U.S. withdrawal of U.S. online casino and internet poker players – but even with that in mind, the WTO granted Antigua $21 million in trade sanctions as compensation for the loss of the online gambling industry. Antigua claimed that it deserved $3.4 billion a year in trade compensation, but that was apparently a bit higher than the WTO believed that the country deserved.
As for Antigua, the country presented it case before the WTO and firmly believed that it had justified the large compensation amount – spokespersons for the company noted that the case presented before the WTO concerning the U.S. online casinos industry was factual and honest, and what more can the country do than present their case and hope for the best. |