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U.S. VIOLATES WTO RULES SAYS E.U.

The executive arm of the 27-nation European Union, the European Commission has concluded its investigation into US action against online gambling, finding that American laws prohibiting gambling over the Internet violate international trade rules.  The Commission's report raises the possibility of the EU challenging the ban at the World Trade Organisation, reports Dow Jones news service.
 
The Commission found that the U.S. online gambling ban is being enforced mainly against non-U.S. companies, a violation of WTO rules. While a WTO dispute against the United States would be justified, the Commission's report expresses the hope that the two countries can negotiate a solution.

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"Internet gambling is a complex and delicate area, and we do not want to dictate how the US should regulate its market," said E.U. Trade Commissioner Catherine Ashton. "However, the US must respect its WTO obligations. I hope that we will be able to reach an amicable solution to this issue."
 
The report claims that the U.S. continues to allow remote betting on horse and greyhound races through U.S. companies, while cracking down on Internet poker gambling companies in the E.U., which are mainly based in the U.K., Ireland, Austria, Malta and Gibraltar.
 
The Commission noted that U.S. authorities may wish to make online gambling a purely domestic issue by opting out of international trade rule commitments, but that the U.S. must honour those rules in the meantime.
 
U.S. laws restricting Internet gambling, and the way they have been applied to prosecute operators, are discriminatory and break World Trade Organisation (WTO) rules, the European Commission said.
 
In 2006, the U.S. clamped down on foreign gambling operators by passing the Unlawful Internet Gambling Enforcement Act (UIGEA) which attacks financial transactions with ill-defined 'illegal' online gambling sites. The U.S. Department of Justice is still investigating the activities of European listed companies that were active in the U.S. before the UIGEA came into effect, even though all of them pulled out of the U.S. market after the UIGEA became law.
 
At the end of 2007, the U.S. signed an agreement with the E.U. to compensate European companies affected by the UIGEA. However, the U.S. continued to pursue European gambling firms, and then unilaterally decided to withdraw from its WTO commitments and obligations on international gambling in a hitherto unprecedented move.
 
Once this withdrawal occurs, the U.S. would no longer be obliged to guarantee future access to its gambling and betting market, the Commission said, but emphasised that such a withdrawal affects only future access to the market, and does not allow the U.S. to disregard its obligations regarding past commitments.
 
The Commission's investigation started following a complaint from the Remote Gambling Association, a trade body in the UK, which claimed that while prosecuting foreign gambling Web sites, the U.S. continued to allow their U.S.-based competitors to operate. A particularly sore point is the discriminatory nature of US online gambling policies, which allow US horseracing, state lotteries and fantasy sports to accept wagers over the Internet but exclude others.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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