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The United States has a very lucrative internet gambling industry, but the rub
for European gambling companies is that U.S. legislation now blocks all offshore
online casinos gambling companies from accessing the U.S. gambling and betting
market. The U.S. passed the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA)
which blocks transactions between offshore online casinos and U.S. financial
institutions. European companies though are concerned that the U.S. has
instituted policies that violate international trade agreements and those same
European online gambling companies are calling for the European Union to launch
its own investigation into the legitimacy of the U.S.’s current offshore
gambling ban.
The European Commission has announced plans to launch an investigation into the
U.S. current online casinos gambling legislation. The European internet gambling
companies that were forced out of the U.S. gambling industry suffered serious
losses – the U.S. market was extremely lucrative and in some cases the main
source of revenue for the European-based companies. The European online casinos
gambling companies are specifically concerned with the fact that not only has
the U.S. discriminated against and banned offshore internet gambling companies,
but the U.S. Department of Justice continues to gather evidence and threaten
legal action against online gambling companies that operated in the U.S. prior
to the UIGEA.
The Remote Gambling Association’s (RGA) Chief Executive, Clive Hawkswood,
comments, "We cannot simply sit on the sidelines and watch while our members,
who are already badly bruised by unlawful U.S. acts, suffer the double whammy of
being prosecuted for activities whilst U.S. industry is not." This is the main
reason that the European online casinos and gambling companies are pressing for
the European Commission to investigate the current situation. |