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EU - US Talks Do Not Go Well
The talks in Washington this week between a European Union delegation and US politicians and USTR officials on what EU gambling businesses claim is discriminatory and unfair official action against non-US companies have reportedly ended with little forward movement, according to sources who spoke to the Reuters news agency.
Apparently the US Trade Representative's office declined to change its attitude and policies on the issue, and EU delegation efforts to examine the approach of US federal enforcement agencies were rebuffed.
Although no official statement has yet been made, it is reported that the dispute is now more likely than ever to end up in a massively expensive claim against the US on the heavy damages suffered by EU companies following US legislative moves and the USTR's subsequent abrogation of its WTO commitments in terms of gambling obligations.
Reuters quoted a legal representative for the Remote Gaming Association, the European trade association which has been urging EU action on the US gambling issue. Lode Van Den Hende said: "It looks very much as if this matter will... be sent to the WTO at the end of the commission's investigation."
Reuters also reported that an unidentified EU official had voiced the apparent inebvitability of further action, saying that an EU report would be compiled by November, after which the EU would have to decide on the most appropriate course to follow, including the possibility of further WTO action.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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