How Much Will Online Gambling Ban Cost?

October 30, 2007

The World Trade Organization has ruled that the United States violated its International treaty which cost many companies billions of dollars, then to further the damage, they said they’d remove online gambling from its WTO treaty which angered many allies who have since filed claims to be compensated, against the United States.

The Caribbean Nation has the WTO in their favor, and they are presently seeking $3.4 billion in compensation. This will offset the effects made by the Unlawful Gambling Enforcement Act (UIGEA) from America. Other nations seeking compensation include India, Japan and the European Union.

“In a matter of months, you’re going to see billions of dollars in trade sanctions coming down against the United States,” said the former three-term Senator for New York. “Then, I believe we will start to have a profoundly new and different group lobbying, saying you’ve got to stop this prohibition on Internet gambling. We look like the ugly American.”

70 year old Alfonse D’Amato, Chairman of the Poker Players’ Alliance (PPA), stated in an interview with the New York Post newspaper that the international trade dispute with Antigua and Barbuda over online gambling could end up leaving America responsible for billions of dollars in trade sancions.

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