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| | | December 18 - The result of the much anticipated showdown between the European
Union (EU) and the United States regarding its continued refusal to lift trade
restrictions on online gambling, has turned out well for certain EU industries,
but unfortunately the online gambling industry is not one of them.
Yesterday (Monday, December 17th 2007) all eyes were fixed on Geneva,
Switzerland to find out how EU trade commissioner, Peter Mandelson, would fare
against US trade representatives regarding the country's refusal to comply with
international trade agreements centered around its online gambling ban.
However, instead of bowing to international pressure and reversing its archaic online
gambling ban to allow foreign operators to once again operate in its domestic
online
gaming market, the US instead threw the EU a bone in the form of concessions
relating to a variety of other service industries and markets.
These include US postal, courier, research, testing, development, storage,
analysis and warehouse markets which, while undoubtedly will prove lucrative to
the EU, cannot compare with the kind of super-lucrative revenues that could be
generated by EU companies with access to US online gambling market.
As if aware of this, a spokesperson for Peter Mandelson refused to put an actual
figure on the US offer, saying that 'it could not be linked to the campaign for
equal treatment in the US online gambling market', which is about as likely as Saddam
Hussein hiding weapons of mass destruction in his pool house.
It seems that yet again the United States has succeeded in skirting the issue at
hand and coming out far ahead of the pack, with the EU a distant second and the online
gambling industry crawling along on its hands and knees in a world pain,
politics, hypocrisy, hidden agendas and unjust monopolies.
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