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News > 25 Jul 2007
It’s been more than 8 months since the US Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA), which basically prohibits online casino sites from serving US citizens. Millions of gamblers around the country were hurt by this decision, as it became more and more difficult for them to find an online gambling site that is willing to accept their bets. Obviously, the gamblers themselves aren’t the only ones that got hurt by this ban, as there are several companies who were forced to quit the US market, which was their main way of profit. Now, it seems that those exact companies are looking for their revenge
It was revealed last week that the European Union (EU) is requesting a compensation from the US, as it has failed to comply with the World Trade Organization rules that prohibit the ban of foreign online gambling sites. According to several European online casino companies, the closure of the American market means more than $15 billion in losses, as that are comprised more than half of the world’s online gamblers. Many of those companies have already moved to new potential markets, such as Asia and South American, but the massive loss of customers is still strongly felt
As you may have guessed, the “war” is certainly far from over. While some analysts predict that the US may soon withdraw this problematic ban, others think that it may last for at least a few more years. One way or another, many online casino sites have already paid the steep price. For them, a new decision would mean too little, too late.