EU seeks compensation from U.S.
The European Union announced officially on Tuesday that they wanted compensation for U.S. ban on foreign online gambling sites that not complying with global trade rules.
The largest British gaming company such as Sportingbet PLC and Leisure & Gaming PLC had to leave US market last year, which worth US $15.5 billion.
The World Trade Organization told that the law should apply only to American gaming sites, but not offshore casinos.
The world’s largest consumer market the EU joins the Caribbean nation of Antigua and Barbuda in seeking compensation.
The U.S announced that it would take an unprecedented legal step to change the international commitments it made as part of a 1994 treaty regulating the trade in services among the 150 members of the WTO. As a result, the U.S. declined to challenge the WTO ruling, because it says that its legal maneuver effectively ends the case.
