WTO Rules US Must Allow Online Gambling
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Antigua is saying that the US does not allow online gambling within its borders but that there are large numbers of American gambling organizations overseas.
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The United States said Monday it would widen access to some of its services to compensate the European Union, Japan and Canada to settle a WTO dispute over the US ban on online gambling.
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A World Trade Organization decision  on the amount of retaliation that Antigua and Barbuda can  impose on the United States in an Internet gambling trade  dispute won't come out on Friday as expected, a U.S. trade  official said.
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Antigua and Barbuda is entitled to  compensation of $21 million a year from the United States for  being shut out of the U.S. online gambling market, a World  Trade Organisation (WTO) arbitration panel ruled on Friday.
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Shares in UK online gaming stocks lost  more than half their value on Monday after U.S. Congress  approved a bill to ban Internet gambling, with PartyGaming   plummeting 60 percent in early trade.
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Regulation of online betting on the cards
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The WTO case was brought by the Caribbean state of Antigua and Barbuda, host to many of the online casinos whose use is illegal in the US.
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As if the U.S. presidential contest  wasn't enough like a horse race, Web users all over the world  can now bet on the outcome through online futures exchanges  that treat politics like corn, cocoa or other commodities.
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The World Trade Organization says the US ban on cross-border gambling violates international trade laws; the United States said it would appeal.
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US thumbs nose with comical settlement offers The long-running, occasionally tragicomic trade dispute between America and tiny Antigua at the WTO over the cross-border provision of gambling services has sputtered into the settlement phase, according to CasinoGamblingWeb.â¦
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EU bone thrown Unwilling to allow foreign countries into the stateside internet gambling market, the US has struck a compensation deal with the European Union, Canada, and Japan.â¦
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Online gambling firms faced their  biggest-ever crisis on Monday after U.S. Congress passed  legislation to end Internet gaming there, threatening jobs and  wiping 3.5 billion pounds ($6.5 billion) off company values.
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Antigua and Barbuda, the Caribbean island nation, won a World Trade Organization ruling that US legislation criminalizing online betting violates global laws.
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Antigua and Barbuda beat long odds as the World Trade Organization confirmed a ruling that a ban in the United States on Internet gambling violates global trading rules.
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Filtering out rogue operators Online gambling operators outside Europe will have to seek Government permission to advertise in the UK. The British government's reform of gambling law mandates the seeking of permission in an attempt to crack down on rogue operators.â¦
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The World Trade Organisation confirms a ruling that says the US cannot ban internet gambling.
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The U.S. governmentÂs move to criminalize the processing of online wagers led to a Black Mondy for the online-gambling industry.