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Selfish Concerns Afoot: 2

Foreign online casinos and gambling companies have specifically balked at the US profit-centered mentality. The UIGEA is a piece of protectionist legislation that federally protects the US horserace betting and Fantasy Sports League industries from foreign competition. The UGIEA would sit better with the international community if it weren’t hypocritical – no one truly objects to the fact that the US is looking to ban online casinos – but why can’t the foreign companies compete for horseracing gambling revenues – or revenues from internet-based Fantasy Football Leagues?

That is really the main bone of contention between the US policies and the international online casino gambling industry. The EU and Antigua have both negotiated with the US officials concerning the protectionist ban to no avail – the US Trade Representatives refuse to negotiate. Even a World Trade Organization ruling that the implementation of the UIGEA violated the GATS treaty has not stopped the US government from continue to prosecute and attempt to implement the UIGEA.

As far as the state governments are concerned, Kentucky Governor Steve Beshear has noted that the planned legislation banning online casinos in Kentucky is motivated by concerns that the illegal internet gambling industry is taking revenues away from land betting venues. The only saving grace is that Beshear’s ambitions overstep the US control over internet domain names and it is unlikely that the legislation will take root and truly impact the international gambling industry.

As for the selfish factor – it seems that the UIGEA and other legislation blocking the online casino gambling industry will stay in place at least until the Bush Administration leaves office. There is some hope that Obama plans to straighten out the drama related to the international internet gambling industry – and a very tiny indication that McCain could produce less restrictive legislation where the internet gambling industry is concerned.