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Economy Tougher Without Online Casinos

The economic recession has certainly hit some countries harder than ever – and really the largest and most powerful countries in the world have been humbled a bit by the current recession just the devastating effect that it has had on employment, houses, and living conditions in the developed countries. The US has arguably been hit incredibly hard because of mortgages collapsing and banks going under. But what about the smaller countries and nations. Antigua is a small island nation in the Caribbean that has been hit particularly hard by the recession primarily because of the US’s position on online casino gambling.

Antigua and Barbuda’s economy really and truly crashed long before the recession –it happened in November 2006 when the US government passed the UIGEA and effectively closed down a huge part of the Antiguan economy – online casinos. The UIGEA forced offshore online casino gambling sites out of the US market by banning financial transactions and then imposing very, very harsh fines on the companies that dared to disobey the flawed UIGEA. Antigua has mostly played by all of the rules in this situation, gone through extensive negotiations with the US about the online casinos, then the nation turned to the WTO for support, and is now back with the US Trade Representatives hoping for a positive solution.

The fact that an Antiguan company has only just begun to use the WTO’s dispensation for infringing on US copyright laws is surprising. The recessive economy has been hard worldwide and the online casino gambling situation made some Antiguan companies pretty furious with the US government as well as quite keen to make some extra bucks – that’s where the situation stands now; an Antiguan company has just begun to infringe on US copyright laws and it is causing the desired effect – attention on the issue from the US government!