The big news affecting the online bingo industry at this time must surely be the disappointing climb-down by European negotiators in seeking adequate compensation from the US over its intentions to renege on its WTO obligations regards maintaining an open online gambling market.

The lead up to this development in which the US says it intends to effectively maintain the status quo on the issue of its anti-online gambling stance has many of us in the bingo online world hoping for some serious punitive measures against the US and its UIGEA legislation. But, alas…

“The agreement involves commitments to maintain our liberalized markets,” US spokeswoman Gretchen Hamel said regarding the EU attempts to wring compensation from the US.

So, that is that! So much for the promise of adequate compensation for those online companies, many of them online bingo halls and operators of online bingo games, who suffered catastrophic losses thanks to US anti-free market legislation, i.e. UIGEA.

When Peter Mandelson visited the US late last month in an attempt to convince US legislators to change their stance, I was amongst those who thought real progress was being made. Now it seems all we will be getting is that little sick feeling in your stomach when you realize you’ve been had.

The only good thing to come of this is that we know online bingo has responded very well in seeking other markets in the wake of losing the US market and that online bingo games still continue to grow stronger each year within the online gambling industry – you can’t keep a good game down!

Written by John Witherspoon – Need the best online bingo games? BingoStreet.com collected the best online bingo promotions and free bingo games online.

This entry was posted on Wednesday, December 19th, 2007 at 7:09 am and is filed under Online Bingo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.