| Posted by: Packerfan at March 31, 2004, 9:42 am | | Topic: Article re: Books and WTO Ruling Forum: Winner Online |
I saw this interesting article regarding the WTO ruling and the response of the offshore bookmakers.
It's from Online Casino News
Offshore bookies upbeat on WTO ruling
By paul
Betonsports CEO David Carruthers wants to set up shop in the US. “I’d be on the first airplane out of here,' said Carruthers, whose online bookmaker is currently based in Costa Rica. 'We would have our operation in the U.S. up and running in 30 days,' Carruthers said. The day that online bookmakers can set up shop in the US may be just a little bit nearer, thanks to the recent World Trade Organization (WTO) judgment in favour of Antigua against the US.
A WTO panel last week ruled in favor of a complaint from Antigua that the US’ prohibitionary measures towards online gambling constitute an unfair trade barrier.
Internet gambling companies think the ruling could boost the prospects of eventual US regulation of the online gambling industry. 'It's definitely a stepping stone,' said Simon Noble, CEO of offshore bookmaker BetWWTS.com.
Despite concerns about encouraging problem gambling, the average NCAA tournament bet on Betonsports.com is $60. Last year the tournament pulled in 1.6 million bets, totaling $96 million.
The US government will appeal the WTO decision, but if it loses and keeps trying to enforce a prohibition on online gambling, the US would be liable to trade sanctions. Despite this, the anti-online gambling lobby is still gung-ho about prohibition.
'Laws against sports betting and Internet gambling advance important social policy,' said Sen. Jon Kyl (R-Ariz.) the author of the Senate legislation on online gambling. 'We've had a ban on interstate sports gambling through telephone lines or wires since 1961. So long as we fail to clearly adapt this law to include the Internet, we will leave unchecked a dangerous and growing addiction.'
|
| |
Similar entries:
Football Betting Books Abound
EU Rules Against Gambling Protectionism
William Hill Bingo Ad Banned By ASA
POKER THEORIES - ENOUGH ALREADY
Poker Rooms Singling Out Countries For Ineligibility?
WTO Delays Internet Gaming Ruling
Forte and Brunson - Newest Must-Reads
WTO Rules U.S. Web Gaming Ban Illegal
GoTo has just left Unified Gaming
Crystal Palace Withholding $22,000 in WINNINGS!
|
|
Casino Classic
Get $500 free on the house!
Categories:
poker sites internet gambling poker rules poker chips poker chip sets casino game casino poker cards gambling tips poker tables online texas holdem gambling odds internet casino poker bonus codes betting texas holdem tournament free slots poker room video poker play poker
Links:
Movie Talks
Forum Extractor
|