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Posted by: jetset at December 21, 2007, 5:34 pm

Topic: Online gambling case pits Antigua against U.S. and challenges WTO Forum: Casino Meister

It's better than the $500 000 the US Trade Representative offered....but well short of the $3.4 billion claimed.

WTO OKs $21 Million Of Antigua Sanctions On US On Internet Gambling

GENEVA (AP)--The U.S. faces $21 million in annual trade sanctions as a result of its online betting ban, the World Trade Organization said Friday in awarding Antigua and Barbuda the right to target U.S. services, copyrights and trademarks.

The decision is a setback for the Caribbean island nation, which sought the right to impose $3.4 billion in retaliatory measures against U.S. commercial services and intellectual property. Washington acknowledged its Internet gambling restrictions were ruled illegal by the WTO, but argued that Antigua should only be compensated for about $500,000 in annual lost revenue.

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