Winds of Change: Industry Stays in US?

Published April 1, 2007 by OCR Editor

Winds of Change: Industry Stays in US?

The WTO recently announced yet again that the Draconian US laws against online gambling are in fact breaking international trade agreements. These good new are already making vibes in the stock market as online casino stocks are on the rise.

The WTO decision followed a claim by Barbados and Antigua, two Caribbean Islands that enjoyed some benefits to their economies by hosting the industry in their premises. Their first steps to ensure the continual cooperation started at April 2005. It was decided way back then, that the US laws were not aligned with the international trade agreements causing injustice.

The WTO recently announced yet again that the Draconian US laws against online gambling are in fact breaking international trade agreements. These good new are already making vibes in the stock market as stocks are on the rise. The WTO decision followed a claim by Barbados and Antigua, two Caribbean Islands that enjoyed some benefits to their economies by hosting the industry in their premises. Their first steps to ensure the continual cooperation started at April 2005. It was decided way back then, that the US laws were not aligned with the international trade agreements causing injustice.

Following that decision, the US government was given a year to make ammends. However, since then, the US government has taken even more strict measures against the industry making it completely illegal. But if that wasnt enough, how can we forget the lynch practiced in the US against the operators passing through the US.

This has caused many changes in the industry as many companies ceased to accept bets from US citizens. But as Antigua and Barbados continue their just struggle, they may not remain alone in their fight. The Democratic Party shows signs of joining in to cancel anti Internet gambling law, with the senate leading the way. The Chairmen of the financial services committee, one of the strongest committees in senate, has recently voiced his support. He was reported offering a new law to cancel the anti internet gambling laws from last summer stating that those laws are incredibly stupid and should be lifted immediately.

See also

US Continues Bark on the Industry

US Gaming Industry Must Adopt Mobile Technology, Paper Says

Change is Coming to Online Bingo Rooms

Microgaming Changes Free Spin Functionality

Europe Examines US Gambling Policy


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