U.S. Postpones Trade Talks with EU on Online Poker RegulationsNo Announcements on Rescheduled Meeting |
|
A meeting requested by the European Union to discuss the Unlawful Internet Gambling Enforcement Act’s violation of a treaty laid out by the World Trade Organization was postponed by the U.S. just one week prior to the engagement.
The EU found the U.S. guilty of breaking trade agreements signed by WTO members. The U.S. was notified in late June that the EU would be seeking compensation on losses obtained from the ban on foreign gambling sites.
In October of last year, the UIGEA was passed, which prohibited financial institutions from process payments from U.S. residents to major online gambling sites and forced companies, including PartyGaming, 888 Holdings, and Leisure and Gaming PLC, out of the U.S. market. Estimated losses last year were about $15.5 billion.
A rescheduled meeting time has yet to be announced.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
