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Deadline Extension Concerns

The October 22, 2007 resolution deadline for the U.S. to resolve compensation claims from other countries has come and passed, and may in the EU are growing impatient at the U.S.’s hesitancy to find an adequate solution to the global online casinos issue. Last spring the World Trade Organization ruled that the U.S.’s policies concerning internet gambling were unfair and violated existing trade policies. In an unprecendented move, the U.S. altered trade commitments so that anti-online casinos legislation no longer violated the trade agreements. That certainly was not acceptable to other nations, and over the past couple of months the U.S. Trade Representatives Office has not been proactive in resolving the international dispute. And to further compound the many issues that foreign nations have with the way the U.S. has handled compensation claims, the deadline for resolution has been extended to December 14, 2006.

Discussions in Brussels and through the WTO are apparently stalled considering neither side has announced that a compromise is in sight. The EU has the largest compensation claims against the U.S., and online casinos within the EU have reportedly urged for as much as $100 billion in compensation. The resolution delay is only adding to the irritation and decreasing tolerance at online casino companies located in the EU.

Compensation from the U.S. will come in the form of increased trade in other industries – the negotiations though center both compensation claims that both sides can agree upon and trade options that sufficiently supplement the drastic decrease in revenue because of the exclusionary online casino gambling legislation.