Casino News: In June, Antigua began what may be...

In June, Antigua began what may be...

 December 13, 2007, 10:27 am (11 years ago)
In June, Antigua began what may be a long term slap in the face against the US gambling industry. In a case claiming that the US has caused long term loss of earnings for Antigua and Barbuda, it seems that the slap may cause quite a rift on the US gambling game.

Antigua has begun processing trade sanctions of a whopping $3.4 Billion annually on the US, because of the suspension of Antigua’s copyrights, trademarks, industrial designs, and patent obligations to the US.

In recent litigation over the case, the World Trade Organization ruled in favor of Antigua, stating that it was wrong of the US to forbid foreign competition for bets on Internet gambling, while still allowing domestic interstate bets. The WTO also ruled that the US was in ongoing violation of its commitments under the General Agreement on Trade in Services, because of the limitations placed on remote gambling.

The US is threatening now to completely withdraw from the GATS. However, the attorney for Antigue and Barbuda at the WTO, Mark Mendel, argued that such a move will result in multi compensation claims.

The claims for compensation for both Antigua and Barbuda is expected to reach upwards of $7 Billion.
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