Euro Poker: U.S. Offers EU Deal Over UIGEA Losses

The Financial Times today reported that gaming interests in Europe are "pressing" the European Union to rebuke an "inadequate" U.S. compensation offer for losses suffered since the Unlawful Internet Gambling Enforcement Act (UIGEA) was introduced last year.

According to the paper, the U.S. has proposed opening opportunities in the storage, warehouse services, and technical testing sectors to compensate for the restrictions in gaming.

It reports that EU companies are losing an estimated $4 billion (€2.8 billion) a year, but that the same concessions are also on the table as under the Doha round of world trade talks.

The Financial Times says the EU has won an extra month to study the offer and that the U.S. has agreed that talks can continue until Oct. 22 after it filed its offer on Saturday.

1 Comment

 

SevenKidsPoppy
over 2 years ago

I hope the DOJ will come to its senses, cut its losses and let the already-lapsed UIGEA to die on the vine, quietly welcome the EU gaming powers back in while setting guidelines and creating a source of revenue for the U.S., and open the online gaming market to American companies whom it can regulate and tax, but I'm not holding my breath.

 

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