Well Then, Who Decides?
In ongoing news, the World Trade Organisation’s decision to grant Antigua the
right to disregard U.S. copyrights on music and movies up to $21 million was met
with both speculation and kudos. Those online casinos related companies that
were forced out of the U.S. because of protectionist legislation are surely
looking for ways to make the U.S. pay for the decision to alter trade
commitments rather than pay compensation to the many companies affected by the
online gambling ban.
There are surely two sides to the arguments those in the U.S. government, and
even Antigua who ponder if $21 million can make a noticeable dent on the music
and movies industry. But at the same time, the WTO ruling is just one of several
compensation cases to be resolved throughout the international online casinos
industry, and the U.S. could end up paying for its withdrawal from the internet
gambling industry in other trade areas. Then there is the question about how the
U.S. will protect its music and movies industry once Antigua begins to sell
copyrighted music for cheaper.
Remarks abound that even with the copyright infringement, the U.S. can still
enforce that the island nation only take $21 million worth of copyrighted sales
each year is met with speculation – just who is going to monitor the amount of
copyrighted information that Antigua sells? And beyond that, the dollar amount
is negotiable and it is hardly likely that Antigua and the U.S. will always
agree on the value of the copyrighted materials.
So what this means for the online casinos industry is that it is unlikely at
this point that the U.S, is rethinking the decision to ban online casinos, but
as Antigua begins to sell the U.S.’s copyrighted materials, the U.S. could
pursue other options for compensation for to reopen the door to U.S. online
gambling companies.
|