Gamble Craft
Home Tutorial Online Casino Reviews Best Online Casinos Casino Software Casino News

Online Casino Gambling --- Casino News

Nitty-Gritty of Offshore Online Casino Ban: 3

At this point the global online casino gambling industry is in a huge growth spurt and many of the internet gambling companies negatively affected by the UGIEA are able to regain some profitability by finding a niche in the European gambling market. So while the online casinos stabilized the foreign countries negatively affected by the UIGEA took umbrage to the US gambling policy and filed complaints with the World Trade Organization (WTO). Antigua was one of the countries hardest hit by the ban and the country’s economy took a nose-dive after the UGIEA came into affect. The EU also took great exception to the US’s online gambling policy.

The WTO ruled on the case and found the US government in violation of international trade agreements that specifically noted that the online casino gambling industry was a part of the trade and open market part of the treaty. The WTO asked that the US immediately alter the controversial UIGEA and come into compliance with the 1994 GATS treaty. The Bush administration, undaunted by the authority of the WTO, instead noted that the US would then alter its online casino gambling commitments in the GATS.

The alteration of trade commitments meant that all of the countries negatively affected by the new treaty agreements could file compensation claims with the WTO. This is another point at which the US thumbed its nose at the WTO and undermined the WTO’s authority for refusing to acknowledge some of the countries claiming a right to compensation.

Hot Topics: Slots | Roulette | Video Poker | Craps | Russia
c 2007 Gamblecraft Online Casinos - E-mail: contact@gamblecraft.com