Casino News: European Union Requests for Sanction, Online Gambling Websites
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European Union Requests for Sanction, Online Gambling Websites July 2, 2007, 9:50 am (4 years ago)European Union Requests for Sanction, Online Gambling Websites
In compliance of the regulations in the World Trade Organization, European Union requests the compensation at US in their response to the stoppage of the foreign gambling websites The Unlawful Internet Gambling Enforcement Act was the reason why the gambling operators in the internet including Sportingbet PLC and Leisure and gaming forcedly go away from the US grounds. The WTO had already ruled out that UIGEA is improper because it seems to target the offshore online gambling casino’s whose base worth is more than $1.5 billion this is estimated to be half the world’s online gambling sites. There has been a statement by the European Union saying that the country is now searching for a contract in opening the trade sectors industries. The spokesperson of EU said “We are in need of contracts in replacement to the lost benefits which was emptied by the online casinos” There will be a discussion focusing the loss in the businesses in Europe’s and they notify that these will be for a long time debate. The committee chairman for overseeing financial services, Barney Frank on the other hand has proposed a bill that will oppose the act of UIGEA and the industry’s regulation committee but this is opposed fiercely by the Bush administrations accompanied by his allies in the House of Representatives.
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