EU Calls on U.S. to Drop Gambling BanEuropean Commission Seeks Consensus Rather Than Provocation in Online Gaming Dispute |
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The European Commission yesterday urged the U.S. to enter discussions with it over the current online gambling ban, insisting the ban contravenes global trade rules according to Reuters.
The U.S. introduced the Unlawful Internet Gambling Enforcement Act in 2006, a move which European based companies such as PartyGaming and Sportingbet says has cost them up to $100 billion.
The EU believes the ban creates an unfair playing field with companies such as Harrah’s and the Las Vegas Sands Group able to operate in Europe while similar European-based companies are prevented from accessing the $4 billion per year U.S. market.
With world trade currently in free fall the Commission does not wish to provoke the U.S but said it could resort to seeking compensation through the World Trade Organization in the long-running dispute.