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Internet Casinos Making Legal Headway

12 March 2008
Global Casino News Team

The Internet Casino industry was dealt a serious blow in October 2006, when President Bush signed into law a stipulation of the SAFE PORT ACT which hit Internet gaming in the USA. The law, passed by the USACongress, hampered USA participation in gaming Internet by making it illegal for banks and credit card companies to transact business with any website involved in Casino. The gaming casinos, in effect, stopped accepting bets from people in the USA.

Internet Casino Rulings against the USA

Because the gaming bill was made retroactive to the 1994 open market commitments made on a world wide basis by the USA, European nations are considering seeking damages from the USA from the WTO in excess of $100 billion for being cut off of the USA business in gaming casinos on the net. This Internet Casino issue remains on the table at the WTO, with more discussion on this matter scheduled for the week before years end.

Internet Casino in Antigua and Barbados and Barbados equals Big Business

Another matter before the WTO is that Antigua and Barbados is seeking damages from the USA for not allowing foreign Internet casinos to provide Internet Casino services. The WTO found the USA ruling discriminatory, and Antigua and Barbados is seeking financial damages. Antigua and Barbados is also building up its Internet casino industry in order to replace its struggling tourist industry. With the U.S. Congress looking to overturn their own law at this time, the future of Internet Casino looks rosier and rosier each passing week.

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