Internet Gambling Dispute Negotiations To Be Revealed Next Week

The United States is running out of time on many fronts regarding Internet gambling. They have been negotiating a settlement with Antigua and Barbuda for money that was lost when the UIGEA was put in place.

There have been ongoing negotiations for months now, and up until now there has been no resolution to the dispute. The status of the negotiations, however, is expected to be revealed withing the next week. That is according to the attorney for Antigua and Barbuda, Mark Mendel.

In addition to those negotiations, the U.S. is expected to have a formal challenge from the European Union as well. The EU send representatives to Washington last week in hopes of discovering the evidence they need to bring a case against the United States.

While the rest of the world loosens their stance on Internet gambling, the U.S. has remained strict on their convictions to keep online gambling in the hands of illegal companies with no regulations.

There has been progress made in the past week, however. Representative Barney Frank introduced a Bill that was passed by the House Financial Services Committee that would define what is and is not legal gambling online. Many of the companies that have pulled out of the U.S. market would be allowed back in under the new Bill.

As for the dispute between the United States and Antigua and Barbuda, Mendel has now said that the status of those negotiations will be revealed next week. Whether that means the two sides are close to a settlement is not yet known.

September 23, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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