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October 30, 2007
Reuters is reporting that European Union (EU) companies with an interest in the current World Trade Organization (WTO) dispute dealing with compensatory action against the US over its intentions to withdraw from agreements covering online gambling may becoming increasingly impatient with how things are progressing. With a decision on the dispute now delayed till December 14, companies like PartyGaming, Bwin, Sportingbet and 888.com are becoming increasingly agitated on what compensation will be arrived at. Many online gaming companies, including online bingo halls and operators of free bingo online games saw profits and value cut by billions after the US implemented legislation that shut down financial transactions with online gambling companies. The US has subsequently suffered defeat at the WTO after Antigua took its case there to gain access to the US market in accordance with WTO agreements. The US subsequently decided to withdraw from its WTO obligations, thus triggering compensatory claims by many countries, especially those in the EU. After the US successfully stalled the decision on the claims, EU online gambling companies are now pressurizing EU trade chief Peter Mandelson to now go directly to the US Congress with the issue during his upcoming visit to Washington in early November. "The European Commission continues to strive for the best possible compensation deal for European service providers," a Mandelson spokesperson said. Bingo online stands to benefit should the EU gain favourable compensation from the US. Written by John Witherspoon – How about playing bingo online? The best free online bingo games are just one click away.
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