US fined 100 billion dollars over internet gambling ban
Angered over the US ban on internet gaming, several World Trade Organization (WTO) members are seeking compensation by placing a whopping US$ 100 billion fine on the US, saying that the internet ban is discriminatory against European gaming operators.
It should be noted that the US government excluded the gambling industry from the free trade agreement, after WTO ruled against the country’s ban on online gambling operators from Antigua.
“The US decision is a major threat to a rules-based international trading system,” Nao Matsukata, former policy planning director from the US Trade Representative office said. He continued that the internet gambling ban marred the US’s credibility in the trade industry.
Will this mean that there will be a chance that US will lift the online gambling ban? Do stay tuned.
Via IT News
Angered over the US ban on internet gaming, several World Trade Organization (WTO) members are seeking compensation by placing a whopping US$ 100 billion fine on the US, saying that the internet ban is discriminatory against European gaming operators.
It should be noted that the US government excluded the gambling industry from the free trade agreement, after WTO ruled against the country’s ban on online gambling operators from Antigua.
“The US decision is a major threat to a rules-based international trading system,” Nao Matsukata, former policy planning director from the US Trade Representative office said. He continued that the internet gambling ban marred the US’s credibility in the trade industry.
Will this mean that there will be a chance that US will lift the online gambling ban? Do stay tuned.
Via IT News
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