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UK’s RGA Asks WTO to Push for High Compensations

The United States seems to have its head deep as case against it at the World Trade Organization gets a tail wind. When the American administration decided to act against online casino operations in the United States and acted the Unlawful Internet Gambling Enforcement Act it took a lot of online gambling firms out of business. Many of such firms operated from offshore locations and supported the local economy where they were based. Those countries and jurisdictions are now demanding the United States for compensations.

To make a long story short, the enactment of the Unlawful Internet Gambling Enforcement Act caused significant economic damage to many countries, and the fact that online gambling firms cannot operate in the American markets stands as a direct violation of international trade agreements. The United States has basically withdrawn from its previous agreement and the World Trade Organization needs to decide what course of action to take on the matter. Now, some will say unexpectedly, the Chief Executive of the Remote Gaming Association in the United Kingdom released a strong recommendation that the World Trade Organization should push hard for solid compensation.

While the European Union was the political force driving the case against the United States, which originally started with Antigua and Barbuda’s plea, it seems that the UK has something to say as well. Great Britain wants the European Union to push hard for compensation and hopes that the World Trade Organization accepts the demands made by the pleading countries. Right now, it is too soon to tell which way this story goes, but it seems that as time goes by, the United States only faces stronger opposition. It would be best for everyone if the Unlawful Internet Gambling Enforcement Act would simply go away.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.