October 26, 2007
Perspectives Weekly
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Posts Tagged ‘WTO’
Perspectives Weekly
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April 2, 2007
Antigua Wins Latest WTO Battle vs. the US
The World Trade Organization has confirmed that the United States and our laws against online gambling violate international trade agreements.
I’m not really sure what this latest “ruling” means for all practical purposes … I guess we’ll see in coming years just how much clout the WTO carries. The US has about 14 different appeals and redraws should they choose to even acknowledge the decision has been made. But a most basic translation of the WTO message: The rest of the world thinks the US is wrong when it comes to the prohibition against online gambling — well the rest of the world except for Turkey and France — and the world may soon authorize the mighty nation of Antigua to try and wield fiscal harm in an effort to get America to change its protectionist ways.
Hey, the world loves an underdog, right … ?
PartyGaming’s stock surged more than 10 percent on the news.
