WTO Says U.S. Should Drop Ban on Offshore Internet Gambling
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U.S. will appeal trade organization's recommendation that Washington let Americans place bets in online casinos.
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Betting company William Hill has announced that it would cease accepting casino or poker bets from clients in the United States.
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The United States vowed Wednesday to defend its ban on cross-border Internet gambling by appealing a World Trade Organization (WTO) ruling that favored the tiny Caribbean nation of Antigua.
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The World Trade Organization (WTO) ruled Wednesday that the United States&#39; prohibition on cross-border gambling on the internet violated free trading agreements.
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Text of report in English by South Korean news agency Yonhap  Seoul, 14 September: South Korea will step up its crackdown on illegal online gambling, blocking the access of local people to a total of 128 related Internet sites this year, a top policymaker said Thursday [14 September].
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The United States pledged on Wednesday that it would fight to overturn a World Trade Organization (WTO) ruling favoring the tiny Caribbean nation of Antigua in a David-and-Goliath gambling row.
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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 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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Europe's online gaming  industry filed a complaint with the European Commission on  Tuesday, saying Germany's ban on online gambling breaks EU law  on the free movement of services.
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The World Trade Organization held off Wednesday on approving stiff sanctions on US exports - ranging from cod to mobile homes - intended to punish Washington until it repeals the so-called Byrd amendment.
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The United States has been ordered to withdraw some of its support for producers of cotton and other commodities, according to a World Trade Organization report made public Wednesday.
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The World Trade Organization on Wednesday held off approving stiff sanctions on US exports ranging from cod to mobile homes intended to punish Washington until it repeals the so-called Byrd amendment.
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Most forms of Internet gambling would be banned under a bill that received final U.S. congressional approval early Saturday.
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The European Commission, in a blow to European online gaming companies, on Monday struck a deal for compensation from the United States over a U.S. decision to close its gambling markets to foreign operators.
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The government announced it is cracking down on South Koreans who have set up Internet gambling websites overseas to escape a domestic drive against betting.
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UK bookmaker William Hill says it has stopped taking casino and poker bets online from US customers.
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US President George W. Bush this week is expected to sign a bill making it harder to place bets on the Internet, a practice which already is illegal in the United States.