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The United States Government has made agreements with the European Union, the Japanese Government and the Canadian government to keep it’s online gambling market exclusive to US companies. The US is still in negotiations with other online gambling company hubs such as India, Antigua and Barbuda, Macau and Costa Rica.

European online gambling companies are disappointed with the agreement - who were hoping that a recent case against the US at the World Trade Organisation determined that a US law only allowing US companies to offer horse-race betting services was discriminatory to offshore companies.

Though, since the discrimination case , the US has made it more difficult for foreign online gambling companies by making it illegal for US banks and other financial institutions to send money to offshore gambling companies.

Offshore online gambling companies claim that being refused access to the US market is hindering their business. European online gambling companies believe that they are entitled to as much as $100 billion in compensation -though the European Commission has dismissed the request as an exaggeration.

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This entry was posted on Tuesday, December 18th, 2007 at 10:35 pm and is filed under Internet News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.