Antigua Wins Wto Gaming Ruling

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Dante

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found across the street but im sure its in the RX daily reporter to ( do not slap my hand Wil ;))




(Antigua) - The World Trade Organization (WTO) appellate body today upheld a ruling in favour of Antigua in the trade dispute with the US regarding cross-border online gambling. This is a landmark victory for Antigua as the first, and smallest, WTO member to defeat the United States, the largest member, in this well-respected international trade court.

The impartial dispute resolution machinery of the WTO has functioned as we had expected, says Mark Mendel, lead legal counsel for Antigua's case. Justice has been served and potential compliance issues facing various US corporations and the US Department of Justice will now be resolved in a manner favorable to fair and responsible international commerce.

The WTO ruling is anticipated to pave the way for new media opportunities for Antiguan gaming operators. Previously US companies such as Citibank, Chase Manhattan, Bank of America, Clear Channel Communication, Discovery TV, Yahoo and MSN were discouraged from conducting financial transactions or broadcasting advertisements involving online gaming products. The WTO determination is expected to end subpoenas or threats of prosecution from the United States Justice Department to US companies who choose to do business with Antigua offshore gaming companies. This is a country-specific ruling, says Mendel, but it may have far-reaching implications.

In the ruling, the Antiguans argued that it is inappropriate to treat businesses that conduct transactions online as if they are unequal to or somehow less credible than traditional brick-and-mortar operations. Additionally, it was underscored that it is inappropriate for the US government to assume an industry lacks integrity in the absence of objective evidence.

The US now faces compliance issues that will require the United States government to thoughtfully address its approach to on-line gaming rather than simply prohibiting it altogether. Mendel states that this WTO ruling will ultimately result in US companies making accommodations to Antiguan gaming operators.

At the end of the day, said Mendel, we expect that major internet search engines, including Google and Yahoo, financial institutions and credit card service providers will be required to accept advertising from Antiguan internet gaming sites as they do currently with US gaming interests, including hundreds of American casinos and state lotteries.
 

sharky99

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WOW that's big news, thanks for posting
 

Aquatic

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Isn't Antigua the most expensive place for a sportsbook to operate from?
 

ChuckSims

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Conngrats to Antigua!!! I am sure WSEX and all the other Antiguan sportsbooks are thrilled.
 
Trendsetter+

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Dante said:
found across the street but im sure its in the RX daily reporter to ( do not slap my hand Wil ;))




(Antigua) - The World Trade Organization (WTO) appellate body today upheld a ruling in favour of Antigua in the trade dispute with the US regarding cross-border online gambling. This is a landmark victory for Antigua as the first, and smallest, WTO member to defeat the United States, the largest member, in this well-respected international trade court.

The impartial dispute resolution machinery of the WTO has functioned as we had expected, says Mark Mendel, lead legal counsel for Antigua's case. Justice has been served and potential compliance issues facing various US corporations and the US Department of Justice will now be resolved in a manner favorable to fair and responsible international commerce.

The WTO ruling is anticipated to pave the way for new media opportunities for Antiguan gaming operators. Previously US companies such as Citibank, Chase Manhattan, Bank of America, Clear Channel Communication, Discovery TV, Yahoo and MSN were discouraged from conducting financial transactions or broadcasting advertisements involving online gaming products. The WTO determination is expected to end subpoenas or threats of prosecution from the United States Justice Department to US companies who choose to do business with Antigua offshore gaming companies. This is a country-specific ruling, says Mendel, but it may have far-reaching implications.

In the ruling, the Antiguans argued that it is inappropriate to treat businesses that conduct transactions online as if they are unequal to or somehow less credible than traditional brick-and-mortar operations. Additionally, it was underscored that it is inappropriate for the US government to assume an industry lacks integrity in the absence of objective evidence.

The US now faces compliance issues that will require the United States government to thoughtfully address its approach to on-line gaming rather than simply prohibiting it altogether. Mendel states that this WTO ruling will ultimately result in US companies making accommodations to Antiguan gaming operators.

At the end of the day, said Mendel, we expect that major internet search engines, including Google and Yahoo, financial institutions and credit card service providers will be required to accept advertising from Antiguan internet gaming sites as they do currently with US gaming interests, including hundreds of American casinos and state lotteries.

:103631605 :party: :party: :party: :party:
 
peteep

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Dante said:
found across the street but im sure its in the RX daily reporter to ( do not slap my hand Wil ;))




The WTO ruling is anticipated to pave the way for new media opportunities for Antiguan gaming operators. Previously US companies such as Citibank, Chase Manhattan, Bank of America, Clear Channel Communication, Discovery TV, Yahoo and MSN were discouraged from conducting financial transactions or broadcasting advertisements involving online gaming products. The WTO determination is expected to end subpoenas or threats of prosecution from the United States Justice Department to US companies who choose to do business with Antigua offshore gaming companies. This is a country-specific ruling, says Mendel, but it may have far-reaching implications.


That is awesome.
 

Aquatic

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Who besides WSEX operates from Antigua with that 100K annual license and 2% of your profits to the government?
 
MillenniumSportsbook

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Aquatic said:
Who besides WSEX operates from Antigua with that 100K annual license and 2% of your profits to the government?

BOS is licensed in Antigua among other countries as well.
 
ClipJoint

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Millennium Sportsbook * said:
BOS is licensed in Antigua among other countries as well.

Oh man...that means a lot more advertising for them.
 
Trendsetter+

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This should b a boost

so the interent gambling workers can get paid more?
 

pier0

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There are no news here.

This is a three months old article...actually they're back to the WTO, as they couldn't agree on the way to give access to the US for Antiguan operators.
 
aceduecetrey

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07-05-2005, 07:23 PM <!-- / status icon and date --></TD><TD class=thead style="FONT-WEIGHT: normal" align=right> #11 </TD></TR><TR vAlign=top><TD class=alt2 width=175>pier0<SCRIPT type=text/javascript> vbmenu_register("postmenu_2043690", true); </SCRIPT>
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<HR style="COLOR: #fdde82" SIZE=1><!-- / icon and title --><!-- message -->There are no news here.

This is a three months old article...actually they're back to the WTO, as they couldn't agree on the way to give access to the US for Antiguan operators.
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you sure?
 

pier0

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pier0

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Actually I was wrong...it's a three months old press release.

Can I put a yahoo link here?
 
aceduecetrey

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pier0 said:
Actually I was wrong...it's a three months old press release.

Can I put a yahoo link here?
I doubt there qould be a problem w/ that.
 
TOW

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Ace,

This was posted on Antigua's gaming commission Web site on April 7th 2005...
 
aceduecetrey

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Thanks you guys, I was getting ready to pop the cork on the DP.......DAMN!
 

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