Online Gambling Industry - European Union Commences Investigation

Online Gambling Industry - European Union Commences Investigation

Posted on 09/06/08 - by Theodor Mavrodis News

Following our previous article about this topic, Online Gambling Industry - A Story of European Horse Trading, we hereby report that the European Union has declared to commence further investigation regarding the passing of the 2006 US anti-gambling legislation.

Earlier this week we reported that the European Union had accepted the US offer to open up service markets for global competitors as compensation for not liberalizing the online gambling industry. Now it appears that the European Union will not let this issue go that easily. The European Union has created a list of questions addressed to leading U.S. officials who were in control at the time and have constituted the ban. The questionnaire contains numerous questions, yet the main point concerns the conscious discrimination of European businesses and the damage that has stemmed from this.

The EU seems determined to settling the trade violation, and given the line of WTO-related actions the US has taken, this seems the sole logical thing to do. As Trade Commissioner Peter Mandelson adequately puts it: "Discrimination against E.U. companies cannot be part of the policy mix." The EU has announced that it is planning to cooperate with the state of Antigua and Barbuda, from which the main source of income used to originate from online gambling. It is because of the refusal of the US to modify the anti-gambling laws, that there is a chance for European businesses to receive financial compensation.

Currently there are a handful of online casinos which still allow payments from US players, but the vast majority does not accept casino players from within the US. Several organizations fight against the US ban and try to open up the market for global casino operators as soon as possible.