US fined 100 billion dollars over internet gambling ban |
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Angered over the US ban on internet gaming, several World Trade Organization (WTO) members are seeking compensation by placing a whopping US$ 100 billion fine on the US, saying that the internet ban is discriminatory against European gaming operators. It should be noted that the US government excluded the gambling industry from the free trade agreement, after WTO ruled against the country's ban on online gambling operators from Antigua.
"The US decision is a major threat to a rules-based international trading system," Nao Matsukata, former policy planning director from the US Trade Representative office said. He continued that the internet gambling ban marred the US's credibility in the trade industry.
Will this mean that there will be a chance that US will lift the online gambling ban? Do stay tuned.
Via IT News
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Comments [refresh]
is online gambling banned? I play poker, blackjack and do sports betting all the time, and I live in the US.
I'm fining you 100 Billion Dollars!!!!
The fact is, it's banned for a reason. Don't get me wrong, I see nothing wrong with it, but we are the US and while the WTO is nice and all, they don't dictate the morality or financials of the US, no matter how good or bad their "recommendations " may be.
Quoting Bond and the CIA agent in Casino Royal:
Bond: What about the money? (160 million winnings i think)
CIA agent : Do we look like we need the money?
One of the rarest moments in Hollywood were the opposed reality is actually......reality....
So if it is 100mil or 100bil whats the difference for the american goverment ?(note that yes its different for the tax payers).
Its an astronomical amount of money nevertheless!!!
Is this law suit a record or something???