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U.S. Plans Online Casinos Removal

Just for clarification for anyone that is confused on the U.S.’s position regarding online casino gambling, the fact that the country asserts that it is merely revising the existing World Trade Organisation treaty (established in 1993-4) is actually code for the fact that the U.S. plans to complete remove its internet gambling obligatiosn that were outlined in the treaty. The U.S. is currently being hit with billions of dollars worth of compensation claims from those countries that were negatively affect by the U.S. law that effectively closed the internet gambling industry to offshore companies. For that reason, the U.S. Trade Representatives are quick to assert that all of these trade compensation negotiations are jumping the gun, because the U.S. will not owe compensation to any country once it alters its trade agreement.

The fact that the U.S. terms its latest actions “revision” rather than blatantly stating plans to remove online casino gambling obligations so that the U.S. does not have to compensate other countries is actually at the bottom of the U.S.’s agenda. And it is no secret to those in the online casino gambling industry.

On the up side though, Spicer, a US Trade Representative who announced that the U.S. was close to finishing revisions on the treat remarked that Washington does have plans to carve out some new services to serve as compensation for several of the countries that have currently filed compensation claims with the WTO. Included in the list of countries that will receive these carve-outs are: European Union, Japan and Canada. There are still other countries with smaller compensation claims filed with the WTO, but Spicer did not comment on if the U.S. planned to compensate those countries.