U.S. and EU Agree on Compensation Over Online Gambling Ban
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The United States will provide the EU with trade concessions as part of a compensation deal over Washingtonâs refusal to lift restrictions on Internet gambling.
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The three largest Internet advertising firms will pay a total of $31 million to the US Government, settling allegations by the Justice Dept. that they provided advertising services for online gambling sites.
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U.S. and European Union regulators agreed to recognize each other's rules for reporting corporate financial data by 2009, a move that may increase international investing and reduce corporate compliance costs.
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GENEVA -- A ruling from the World Trade Organization could open the United States to offshore Internet gambling. A WTO panel says the federal government should drop its ban on Americans placing bets at online casinos.
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Internet companies say they stopped taking money for ads touting illegal gambling years ago but agree to pay to settle federal allegations.
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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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The EU and the United States have  reached a preliminary deal on how U.S. authorities can consult  data from the international banking network SWIFT in  anti-terror investigations, an EU spokesman said on Wednesday.
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The European Union reached a settlement Tuesday of its long-running antitrust case against The Coca-Cola Co. under which the U.S. titan agreed to change sales practices that helped it win roughly half of the soft drink market in Europe.
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Most forms of Internet gambling  would be banned under a tentative agreement reached on Friday  by U.S. congressional negotiators.
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The World Trade Organization slaps the United States with a token $25 million fine for its banning of online gambling, a move that could have unpleasant implications for Antigua and Barbuda, an offshore gambling haven.
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The costs of policing a new U.S.   Internet gambling ban for banks and credit card companies will   be determined by regulators in the coming months, industry   officials said on Monday.
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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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The House passed legislation Tuesday that would prevent gamblers from using credit cards to bet online and could block access to gambling Web sites.
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EU and US negotiators reached a deal on providing information about airline passengers travelling to the United States after marathon talks overnight, an EU official said.
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WASHINGTON, June 20  /PRNewswire-USNewswire/ -- Statement by Jeffrey Sandman, spokesperson for the Safe and Secure Internet Gambling Initiative, on how the European Union's request for compensation from the U.S. for banning non-U.S.
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Europe's betting industry says a German law banning online gambling breaks European Union law.
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Microsoft, Yahoo and Google agreed to pay a total of 31.5 million dollars to settle a government probe into their role in promoting online gambling dating back to 1997, officials said Wednesday.