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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 :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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