Saturday, April 12, 2008
Antigua US Online Casinos dispute continues
9:43 AM | 
Posted by
coolvision
News Papers in Antigua are reporting that Antigua’s government is about to make a statement over US online casinos UIGEA act which will state that "...a proposal for the resolution of the trade dispute received from the U.S. last week has not been met favourably."
Apparently the offer made by the US government related to Online USA casinos, after a World Trade Organization deadline passed, was apparently brought up at a meeting of the Antiguan Cabinet but was not pereceived well.
Antigua's Minister of Finance and, Dr. Errol Cort, aproved the fact that he forwarded a settlement proposal to US Trade Representative Ambassador Susan Schwab last January. In the proposal, Antigua and Barbuda agreed it would hold off on arbitration proceedings at the WTO until the end of March to give the US time to study the settlement proposal. Dr. Errol Cort hinted at an impending joint statement with the US Trade Representative as a result of the proposal regarding US online casino prohibitions.
Dr. Errol Cort stated that "However, the U.S. and ourselves are seeking to agree on the press statement that would follow the decisions on both sides, in terms of how the matter will be handled."
Antigua and Barbuda are seeking compensation from the US, for preventing American players from playing at US online casinos, through the Worlf Trade Organization as the US tries to withdraw from commitments aimed at providing market access to the US online casino gambling sector. Antigua’s economy is heavily dependent on online casino gambling revenues from the United States.
The blocking of US online casino gambling market by the UIGEA legislation has damaged the profitability of many online casino games operators not based in the US. Many online casino owners had to withdraw from the US market to avoid possible prosecution by the American authorities.
Apparently the offer made by the US government related to Online USA casinos, after a World Trade Organization deadline passed, was apparently brought up at a meeting of the Antiguan Cabinet but was not pereceived well.
Antigua's Minister of Finance and, Dr. Errol Cort, aproved the fact that he forwarded a settlement proposal to US Trade Representative Ambassador Susan Schwab last January. In the proposal, Antigua and Barbuda agreed it would hold off on arbitration proceedings at the WTO until the end of March to give the US time to study the settlement proposal. Dr. Errol Cort hinted at an impending joint statement with the US Trade Representative as a result of the proposal regarding US online casino prohibitions.
Dr. Errol Cort stated that "However, the U.S. and ourselves are seeking to agree on the press statement that would follow the decisions on both sides, in terms of how the matter will be handled."
Antigua and Barbuda are seeking compensation from the US, for preventing American players from playing at US online casinos, through the Worlf Trade Organization as the US tries to withdraw from commitments aimed at providing market access to the US online casino gambling sector. Antigua’s economy is heavily dependent on online casino gambling revenues from the United States.
The blocking of US online casino gambling market by the UIGEA legislation has damaged the profitability of many online casino games operators not based in the US. Many online casino owners had to withdraw from the US market to avoid possible prosecution by the American authorities.
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