Antigua Can't Catch a Break
Antigua’s problems with the United States are on-going, and the latest issue
with the online casino ban is just one of many complaints over the past several
years. And though many in the internet gambling arena are only aware of the
recent problems that countries around the world have with the U.S.’s
questionable Unlawful Internet Gambling Enforcement Act (UIGEA), the problems
have in fact existed for years. Antigua in particular has had issues with U.S.
policies that have violated trade agreements and affected the online casinos
industry for years.
The World Trade Organisation recently ruled once again in favor of Antigua – yet
the U.S. has once again merely ignored the WTO’s ruling. Antigua’s economy was
devastated by the U.S.’s 2006 online casino ban which prohibited financial
institutions from processing internet gambling payments for offshore gambling
companies. The specific exclusion of offshore online casinos is what has the
international gambling community demanding that the U.S. reevaluate current
online casino gambling legislation.
Antigua was certainly one of the more popular internet gambling jurisdictions
prior to the UIGEA. With its proximity to the U.S. Antigua’s 32 licensed online
casinos were strategically placed to benefit from the U.S. internet gambling
industry.
But because the majority of the online casinos licensed in Antigua operated in
the U.S. market, the industry has been devastated after the UIGEA. For this
reason the WTO will award compensation and damages to various countries that are
affected by the U.S.’s ban. Most anticipate that Antigua will be tops on the
list to receive compensation considering the long-standing complaints filed with
the WTO regarding U.S. violations to international trade policy. |