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Online Casinos Still Sticky: 1

The state of the US online casino gambling industry is far from finding resolution and the more negotiations and discussions that occur, the farther it seems that the international community is to coming to an agreement. The US situation went from controversial and complicated two and a half years ago when the UIGEA was first passed to downright confusing and a bit of a coup really. The previous US government made a right-mess out of the entire situation…and then as if that weren’t enough, sealed documents and closed negotiations have left the rest of the world and the online casinos wondering what the US plans to do to rectify this sticky situation.

Basically, as a way to extricate itself from the global online casino gambling industry the United States decided to re-write its trade commitments that were previously penned as a part of the 1994 GATS treaty. The US government though couldn’t just re-write previously agreed trade commitments without compensating the countries that were now negatively effected by the US’ about-face on the online casino gambling subject. Though there were a handful of countries present when the US re-wrote its trade commitments (Australia, Canada, Costa Rica, India, Japan, and Macao), only two nations, the European Union and Antigua and Barbuda were truly negatively affected by this action.

To that extent, the EU entered into lengthy negotiations with the US Trade Representatives and came to a closed-door decision on the amount of money that the EU would be paid as compensation as well as shipping and other trade commitments – no one outside of the US and EU government know the particulars of this agreement. That’s a fact that just doesn’t sit well with some in the online casino gambling industry – and particularly the Centre for International Policy.