I have read that other countries can file for future estimated losses.
I have also read that Antigua gaming revenue has fallen from $1b to 130mm per year.
I have to imagine that Costa Rica, Panama, Jamaica, and many many othre countries will step up to grab their share. I doubt the UK does, but they could - they too are sick of US greed and regulations and they do have a new administration coming in....
I don't know how the WTO figures out the concession, but I would assume it is the future value of losses. This could be quite a hefty hefty sum. If you figure 66% of the $12b industry is US based, that's $8b per year over however many years into the future the WTO looks. I also imagine they look at growth rate.
I suspect this is not the end of this matter. The WTO is not gonna like this bitch slap and when the fine is much higher than the US believes it will be, we shall see what they do... It is also likely the whole fining process could delay past Bush...
Sean
I have also read that Antigua gaming revenue has fallen from $1b to 130mm per year.
I have to imagine that Costa Rica, Panama, Jamaica, and many many othre countries will step up to grab their share. I doubt the UK does, but they could - they too are sick of US greed and regulations and they do have a new administration coming in....
I don't know how the WTO figures out the concession, but I would assume it is the future value of losses. This could be quite a hefty hefty sum. If you figure 66% of the $12b industry is US based, that's $8b per year over however many years into the future the WTO looks. I also imagine they look at growth rate.
I suspect this is not the end of this matter. The WTO is not gonna like this bitch slap and when the fine is much higher than the US believes it will be, we shall see what they do... It is also likely the whole fining process could delay past Bush...
Sean